ABC 500g Minted Bar

[octapotamus]

Email

"The cost of the ABC 500g Minted Silver bar is the prevailing silver spot price, plus a modest $112 buying premium. Registered investors can invest by placing an order today. The ABC Bullion 500g minted bar represents an excellent addition to your premium precious metals portfolio."

MODEST? $112 premium on a 500g bar??

Am I mis-reading this or is that a $6.96 premium PER OUNCE for a BAR???

People say Kooks at el are pricey because of their premiums, but this blows them away.

This creeps me out, I mean who is paying that kind of money for a bar? The same money can get some super-nice coins with actual upside-premium potential and about a million times more liquidity..

I think this might be a sign of imminent phase 3 - ABC clearly have way too many ill-informed customers to consider this type of product feasible. That and/or they're trying to take a leaf out of Pamp's book..

Wow, I just ranted

 

[Teh silvers]

For that premium I'd rather buy numismatics.

 

[spannermonkey]

Which ABC ,Melbourne or Sydney ?

 

[Teh silvers]

Which ABC ,Melbourne or Sydney ?

http://www.abcbullion.com.au/index.php/default/product/36/silver

Online

 

[goldpelican]

Which ABC ,Melbourne or Sydney ?

http://www.abcbullion.com.au/index.php/default/product/36/silver

Online

That's the Sydney one. The company in Melbourne is unrelated (gotta love state based business name registration).

 

[Teh silvers]

Oh I never new that.thanks

 

[hiho]

but its pwetty

 

[jnkmbx]

I think I saw one recently.
Looks alright, but not large enough to consider :/

 

[VRS]

Grrrrrr... Don't get me started again (!)

 

[Matthew 26:14]

Misread it first time, thinking it was a $112 premium on a 500oz bar and thought that was ok, but on the re-read, ahhh no thanks!