AVERAGE OZ

T

TheBullionBoss

Member
Hey guys whats the best way to calculate the average price you have paid for your silver/gold and how to decrease your average. Im finding it hard to to get a close to spot average?? whats "to much premium to pay"
cheers
 
TheBullionBoss said:
Hey guys whats the best way to calculate the average price you have paid for your silver/gold and how to decrease your average. Im finding it hard to to get a close to spot average?? whats "to much premium to pay"
cheers
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Buying years ago is a good start :P
Yet to buy Silver in the 40s, don't plan on starting either.
 
Look at your receipts, if you don't have em err not sure what do to calculate your average cost. Looking at the Perth mint's large bars is a good way to gauge a fair price over spot.
 
To me paying more than 10% over spot (total costs) is out.

Usually i get my silver for spot + 5% or less...

Remember - it's ounces that count!
 
Divide your stack up into categories:
- High Premium/Numismatic
- Standard Premium
- Spot/Bargains

Calculate your average buy price for the items in each category.

If you've been buying a lot of high premium items like Lunars, it will make your average buy price look crap because they'll skew the numbers much higher than spot but you probably would have done pretty well on increased numismatic value which should increase the actual "worth" of your stack.

Obviously getting your average down as close to spot is desirable, but perhaps a better way of measuring it is to ask "How much could I get for all this if I needed to sell it next week?"
 
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