The difference between premium and generic

Discussion in 'Silver' started by puddleduck, Jul 23, 2011.

  1. puddleduck

    puddleduck Member Silver Stacker

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    Sorry for the noob question, but today I saw a 100oz bar of generic .999 silver selling for roughly the same price as a 10oz NTR minted bar. Now I know there is a premium on minted goods over cast, but 10 times the weight for what is essentially the same product?? I must be missing something here, anyone care to enlighten me? :rolleyes:

    Cheers
    PD

    Oh and I just pulled the trigger on my first purchase, 10oz PM gold and 20oz PM silver :D
     
    puddleduck, Jul 23, 2011
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  2. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Stay away from such deals.

    and forget about a 'slip up' in the market where BOTH the seller as well as other buyers somehow didnt see
    such a good deal for a low price.

    and yeah, welcome to the forum
     
    THUCYDIDES79, Jul 23, 2011
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  3. Midnight Man

    Midnight Man Member Silver Stacker

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    Assuming the price we're talking about here is in the region of AUD$430 - if you saw a 100oz bar for that price, it means the bullion value of each ounce is AUD$4.30 per ounce.

    Obviously an impossible price, therefore, one would suspect the inside of the bar is lead or housebricks? ;-)
     
    Midnight Man, Jul 24, 2011
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  4. puddleduck

    puddleduck Member Silver Stacker

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    Well the thing is, its actually on one of the site sponsors. I can post a link if it's allowed. Just checked and it's still up. Pic here:

    [​IMG]
     
    puddleduck, Jul 24, 2011
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  5. Ouch

    Ouch Active Member

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    Those prices are for 500oz either as 5 x 100oz or 50 x 10oz
     
    Ouch, Jul 24, 2011
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  6. puddleduck

    puddleduck Member Silver Stacker

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    Ah, the penny drops (or should I say the bar?). Mystery solved, thanks Ouch.
     
    puddleduck, Jul 24, 2011
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  7. Midnight Man

    Midnight Man Member Silver Stacker

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    Indeed mystery solved :)

    Puddleduck? Scroll to the top of the page you showed, and there's a link (picture) "Single items at bulk prices".

    Click on that, and you'll find the NTR bars at $423.52 (at the time of writing). That's 10oz of .999 fine silver, and a nice buy IMO.
     
    Midnight Man, Jul 24, 2011
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