Why are Silver Stackers selling silver for more than dealers?

Discussion in 'Silver' started by Belvedere, Mar 30, 2020.

  1. Belvedere

    Belvedere Active Member Silver Stacker

    Joined:
    Oct 6, 2013
    Messages:
    945
    Likes Received:
    61
    Trophy Points:
    28
    Location:
    Misty mountain tonight....
    Just noticed today the big difference in the general price for a kilo of silver on the forum is between $875 and $950. I can buy a kilo from a dealer today for $837. Are our expectations too high?????
     
    66rounds likes this.
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,688
    Likes Received:
    1,652
    Trophy Points:
    113
    Location:
    here there everywhere
    But can you take delivery of it straight away?
     
    Silverling likes this.
  3. shinymetal

    shinymetal Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    1,788
    Likes Received:
    628
    Trophy Points:
    113
    Location:
    victoria
    What dealer is that? Do they have it in stock or is that pre order?
     
  4. stackmans

    stackmans Active Member

    Joined:
    May 17, 2018
    Messages:
    111
    Likes Received:
    67
    Trophy Points:
    28
    Location:
    Brisbane, QLD
    Yeah, I was wondering the same thing? I saw someone sold a generic perth mint 1oz AU bar for $3150 and I can get one from ainslie for $2700. Generic 1Kg silver is $835 in stock but people are getting $900 on the forum.

    The dealer premium over spot is already extremely high and nowsecond hand market is over the dealer premium. What gives?
     
    66rounds likes this.
  5. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    4,131
    Likes Received:
    2,136
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Supply and demand my friend..... are those dealers have stock? Most of them are just BS
     
  6. whay

    whay Well-Known Member

    Joined:
    Jan 8, 2016
    Messages:
    516
    Likes Received:
    327
    Trophy Points:
    63
    Broken supply chain.........
    Broken.jpg
     
    Chad Valiant likes this.
  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,854
    Likes Received:
    1,127
    Trophy Points:
    113
    Location:
    Australia
    There's a 4 to 6 week, delivery delay, for kilo bars.
     
  8. ermat

    ermat Member

    Joined:
    Sep 5, 2012
    Messages:
    42
    Likes Received:
    1
    Trophy Points:
    8
    Location:
    new zealand
    So if you order and pay today from a dealer at $837 a kilo is that not what you pay when it arrives ?
     
  9. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    4,131
    Likes Received:
    2,136
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    This means ' thanks for your cash... I'll get back to you when I have the stock for you on the price cheaper than what you've paid for '
     
  10. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,399
    Likes Received:
    2,023
    Trophy Points:
    113
    Huh? If you paid when you order (which you will have to) why are you asking what you pay when it arrives?
     
    66rounds and spannermonkey like this.
  11. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    4,131
    Likes Received:
    2,136
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Maybe i should be a dealer... just put delivery delay 12 months
     
  12. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,399
    Likes Received:
    2,023
    Trophy Points:
    113
    Bubble Bobbles Bullion Barn..now open for business
     
  13. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    4,131
    Likes Received:
    2,136
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    Taking orders now.... delivery delay is 12 months... full payment when submit order
     
    66rounds, black5wan and Silverling like this.
  14. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,453
    Likes Received:
    1,603
    Trophy Points:
    113
    Location:
    NSW
    That's just it, you don't know when it will arrive. I had a bullion company tell me that it could be a June arrival, 3 Months :eek:.

    Someone recently wrote on here about a substantial order they placed in 2011. They paid their money and as they waited for their order to be fulfilled the order was then cancelled by the bullion company and the money was refunded. So locking in the price didn't work and they lost the window of opportunity. Having the items at hand and ready to go with reasonable postage charges is what everyone wants. There is no way I'm tying up my funds for 3 Months on the never never. And then if it ever did get fulfilled you might not be able to do pickup either due to COVID-19 restrictions. Then you could be forced to pay high postage and insurance charges that you normally wouldn't pay as well.
     
    Last edited: Mar 30, 2020
    bretto, 66rounds, Holdfast and 2 others like this.
  15. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,399
    Likes Received:
    2,023
    Trophy Points:
    113
    Its the old saying a kilo in the hand is worth two with unknown eta
     
    jultorsk, Big A.D., slavaja and 4 others like this.
  16. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    4,131
    Likes Received:
    2,136
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    No takers? If not filled within 12 months of order, you'll get your money refunded....
     
    66rounds likes this.
  17. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    7,070
    Likes Received:
    4,228
    Trophy Points:
    113
    Location:
    Sydney
    I think that's a bit extreme!
    During the last shortage in 2008, it took around 5 months before I could walk into a bullion dealer, plonk my cash down and walk out with a bar.
     
  18. Belvedere

    Belvedere Active Member Silver Stacker

    Joined:
    Oct 6, 2013
    Messages:
    945
    Likes Received:
    61
    Trophy Points:
    28
    Location:
    Misty mountain tonight....
    Thanks all. Question answered.
     
    66rounds likes this.
  19. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

    Joined:
    Oct 31, 2011
    Messages:
    7,339
    Likes Received:
    753
    Trophy Points:
    113
    Location:
    bosis
    I auctioned some things last week. Buying price was decided by bidding Buyers not the Seller who opened bidding on all lots at $1.00 and left the buyers to decide the current market value. Might do the same again, better than setting a sell price and have people whinge about any premiums over spot.
    OMG, I think I just advocated for a free and transparent market, hope none of my Comrades noticed!
     
  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,848
    Likes Received:
    1,537
    Trophy Points:
    113
    Location:
    Northern NSW
    Nearly... but you still referenced the fact that buyers benchmark using the irrelevant-but-always-used, phony-but-real-enough-to-be-controlled, detached-but-inherent-enough-to-reference-a-premium paper spot price. :p
     

Share This Page