Gold Stacker's Silver unallocated program

whitty said:
Does this program allow for selling back to Gold Stackers? If not is it a planned addition?
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Dude - No offence but did you read the information at the site? The answer (according to the site) is yes. But seriously :P





Disclosure - Am accumulating both gold and silver through the program but have as of yet to redeem any physical.
 
Nugget said:
whitty said:
Does this program allow for selling back to Gold Stackers? If not is it a planned addition?
Click to expand...


Dude - No offence but did you read the information at the site? The answer (according to the site) is yes. But seriously :P
Click to expand...

I had a second look before I posted that but obviously skimmed over it. I don't see any sell-back price or a heading explaining how it works when you want to sell back to GS.
 
Bumpity...

Just signed up for the unallocated the other day and I think its an awesome idea GP.

The fact that silver can be purchased bit by bit and we are at no real price disadvantage (ok if we were to buy like 200 ounces, we would be)

An excellent way to cost average..

+1 to GP
 
I was keen until I read the fabrication charges kinda made me lose interest.
It also says you have no control over the quantities you receive when you ask for delivery of your allocation. This could mean you lose out if your allocation is paid out in 1oz coins
 
I've used this company, got paid out on anything I liked.
Delivered promptly.Was flexible when i wanted to be paid in equivalent actual silver coin for gold credits
 
No1joey said:
I was keen until I read the fabrication charges kinda made me lose interest.
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Fabrication charges are exactly the same as if you had bought physical in the first instance - there's no difference if you buy a 10oz silver bar, or buy 10 unallocated ounces and then pay fabrication - you've paid the same premium over spot. Same goes for gold. If you see a redemption item that has a higher premium than buying the item upfront, please let us know and we will correct it.

No1joey said:
It also says you have no control over the quantities you receive when you ask for delivery of your allocation. This could mean you lose out if your allocation is paid out in 1oz coins
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Not sure where you read this... that's totally incorrect.
 
I love the unallocated programme. It means that when theres a little extra left over at the end of the bills then i can buy a little something to add to the stack. Hubbys even hinted that we may make a trip to pick up in person. Not holding my breath though. (BTW can we actually do that?)
 
goldpelican said:
No1joey said:
I was keen until I read the fabrication charges kinda made me lose interest.
Click to expand...

Fabrication charges are exactly the same as if you had bought physical in the first instance - there's no difference if you buy a 10oz silver bar, or buy 10 unallocated ounces and then pay fabrication - you've paid the same premium over spot. Same goes for gold. If you see a redemption item that has a higher premium than buying the item upfront, please let us know and we will correct it.
Click to expand...

Using prices from website at time of post,

1g unallocated gold = $54.14
cost to redeem 1oz minted gold bar = 31g + 5 = (31 x 54.14) + 5 = $1683.34

upfront cost of 1oz minted gold bar = $1640.60

Are my maths correct or am I missing something? Not dissing the program, I realise there are advantages to being able to purchase in 1g portions, just making calculations to see if it's something I'd like to do or not.
 
There was a premium drop on 1oz and 50g bars on the website about a week ago. Redemptions need to be reviewed - thanks for the pickup.
 
Big fan of this program...
Great for newcomers to PM's like myself.

Very convenient & redemption is simple. (not to mention fast)
Thumbs up :)
 
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