I saw a similar price on Perth Mint's site (39.72 as I write this), which I read is probably due to not having stock and being 'safe' with the price in case of a price increase by the time they do have it. Perth Mint silver coins tend to go for about 34-35 at dealers. PAMP stuff tends to go for more.
I went to buy a 1kg bar from the Perth Mint but they can't deliver till end January, so I thought what about a nice 1kg Kooka, out too. Stuff it I thought, and pulled the trigger on a 1kg Koala, it didn't really feel like much of a premium to me(<$1100 insured and delivered). I'm with the mystic man above, I'll keep stacking as and when I can and I don't feel bad at all about the price. Cheers, Mark.
Was in there about two hours ago, was going to get a kilo bar but they were out. Got a kilo rabbit instead, and a sovereign.....and a half oz gold rabbit, doubled what I was going to spend yet I know I won't feel 'buyers remorse'. BTW, the bullion desk was going flat out and there were about 15 people waiting to sit down. The cashier said sales are going gangbusters but they aren't buying back anymore than usual, and maybe a bit less. In five hours of work, he hadn't done one buy back, somewhat unusual.
Hobo, you may be aware... to add to your case- previous silver bull (if you would call it that) peaked last time in mid-Jan
That would mean i was in there about an hour before you - there were only 2 ppl infront of me in the queue. But yeah it does seem a little busier each time at the bullion desk since i've started buying. Hehe, someone's been watching The Goodies
just a question, If the dealer does not have the bars the customer is after and the dealer expects delivery from the mint in january, does the dealer accept paymnts for the bars now? can you lock in the price now, by paying a deposit? probably a negative answer to both questions but im interested. silver has been and still is 'papered' to the max. dealers dont have enaf supply to meet demand.
gin-kin, I figured there had to be some Goodies fans about. Seems a bit dated now but when I was a teenager The Goodies used to be on right before the ABC News and we kids got to watch it. Monty Python.....not so much. Mark
Funny how the goal post change when purchasing in irregular but favourable times. I just logged on to see that the spot silver fell to 28.68 today and when I was ready to pull the trigger BullionMark has closed their site by stating this "Due to the surprise 25 bps rate rise in China and volatility in thinly traded holiday markets we have temporarily suspended online sales. Trading will resume as normal when major markets re open." I didn't think BullionMark would operate like that? I wonder if the price headed North bound would the site have closed????
I know it's driving me crazy...just when an opportunity comes along after 3 weeks of crabbing prices. I feel this will be a very brief dip and time to take advantage. It's always the same, no matter what business you ply - small guys just don't have the good fortune to take advantage when the moment arises. Looking at it from the "glass is half full" though - who knows it may be good fortune too? the price may go lower yet....(however, after saying that, these dealers can simply apply the same dodgy strategy) the mind ponders...
