100 Oz Silver Bars why do all the experts hate them such?

T

TeaPot&ChopSticks

New Member
I buy silver minted government coins but the premium is some what significant. Not as bad as others.
I am in for the long haul so I am ok to pay that bit extra.

I can understand minted government coins being fungible but the 100oz Perth Mint Bars are so close to spot!

Does anybody just buy them? Does anybody thing that silver could be $400 an ounce? I read that gold would go to $7000.

Does anybody here seen or own a 100 oz perth mint bar? What are they like? Nice and shiny?

Perth Mint is solid yeah - no lead rods in them silver right?

Be great to hear back from people.


Here is hoping to the aim of bullion baron property price stack before the doom day surprise. Might not get there but the original aim for me was a Silver Teapot and Silver ChopSticks.

PS Doom day surprise is awesome avatar name.
 
I bought 10oz directly from PM before, and it doesn't necessarily means you will get the new and shiny ones. I know it shouldn't matter...but i WISH it was really shiny...smooth and perfection. But at the end, silver is silver :)
 
TeaPot&ChopSticks said:
Does anybody just buy them?
Does anybody here seen or own a 100 oz perth mint bar?
What are they like? Nice and shiny?
Click to expand...

Yes,
Yes, and
Yes.
:)
 
Bullion Baron said:
If Silver goes to $400 an ounce how many people will have $40k to buy a single bar?
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Plenty of people I reckon.

Currently on APMEX's Top 40 sellers:
No.21: 1 Kilo (32.15 oz) Gold Bar .999+ Fine $52,761.04
 
Teapot... Mate,
Perth mint is solid yeah.

Those 100oz bars, yep, they are like, nice 'n shiny 'n stuff.

I don't think silver will be $400/oz but stranger things could happen.

I don't buy 'em 'cause don't have circ $3k to drop into pm's these days. Would be nice though.
 
Bullion Baron said:
If Silver goes to $400 an ounce how many people will have $40k to buy a single bar?

Generally prefer to stick with smaller units (10oz and less), but in process of purchasing a 100oz bar at the moment.
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How many ppl have 50k to buy 1kg of gold? it still happens :P
 
Bullion Baron said:
If Silver goes to $400 an ounce how many people will have $40k to buy a single bar?

Generally prefer to stick with smaller units (10oz and less), but in process of purchasing a 100oz bar at the moment.
Click to expand...

If silver goes to $400.00 per ounce a loaf of bread will probably cost $25.00 as well so it won't be that much of a stretch to buy a 100 oz bar.
 
hotel 46 said:
i would rather hold 10 x 10oz bars or 300 50c come to think of it but then i am rather stupid i am led to believe.
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Who told you that ? your missus or kids ? :p: ive been told the same thing Then they put their hand out & i reminded them im not that stupid :lol:
 
Trivia - 80 of them make a quarter of a tonne.

I know because I've had to stack this many into safe (twice) :/
 
goldpelican said:
Trivia - 80 of them make a quarter of a tonne.

I know because I've had to stack this many into safe (twice) :/
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Well if you stacked them length wise the first time I wouldn't have made you do it again
 
Bullion Baron said:
Jonesy said:
If silver goes to $400.00 per ounce a loaf of bread will probably cost $25.00 as well so it won't be that much of a stretch to buy a 100 oz bar.
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IMO Silver could go to $400 per ounce without any astronomical rise in the cost of other goods...
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I hope you are right.
 
Hi Bullion Baron do you think that Silver could go to $400 as you have listed?
John Williams via Shadow Stats has stated that Silver should be priced 456 and Gold 7840.
To me those are reasonable numbers considering how he calculated them.
I have come to think he is a pretty sold numbers guy compared to others out there.
Whether the central bank cartel will allow it is another matter.
Still will be in denial if the price ever does explode - but I am sure by that stage iran will have been bombed back to the stone age. And petrol will be super crazy.
But we all stack to be prepared rather than everything is just fine - creature from jekyll island
Silver at 456 - a 100 oz bar would be crazy Hang Over Style
Just keep reading from all these different sources that 100oz bars were a no no.
Thanks for the answers was put off by the perth mint bar but reading you guys above will get one after I have bought an oz or two of gold.
1000 oz in silver coin US Eagles not even close but image would be bulky - that is why was thinking about bars
Here to a kitchen set made of silver ! Where is that crazy emotion icon ?! Gonna run out of time to stack
 
tozak said:
goldpelican said:
Trivia - 80 of them make a quarter of a tonne.

I know because I've had to stack this many into safe (twice) :/
Click to expand...

Well if you stacked them length wise the first time I wouldn't have made you do it again
Click to expand...

:lol:
 
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