Guide to buying silver in Australia (resurrected)

I have seen a lot of whining against the Perth Mint on internet forums, but I personally love the quality and creativity in the kooks and lunars. I also love all the kangaroo carded coins issued by the Royal Australian Mint. I collect 1 and 2 ounce kooks, and any kind of kangaroo. They are all called "semi-numismatic" although I can't see why they are somehow less collectible than American coins. I am glad some mints bother to change the design on their coins every year. Will I see a return on investment? The 2-ounce kooks have gone up from $60-75 in 2012 to around $125 today on ebay.
 
Hi guys,

I'm new to this whole idea of investing in Silver and I haven't made any purchases yet, as I have only started looking into buying Silver/Gold (literally this weekend).

Whilst I personally don't believe hyperinflation or any of the financial "doomsday" scenarios will occur, I am a strong believer in diversifying your investments.

I'm based in Sydney, Australia and would appreciate any advice or recommendations on who to buy from (dealer experiences) and what sizes people tend to buy (1oz or per kg?). I've found a lot of research on why people believe that silver is a good/bad investment but am having trouble finding dealer recommendations and what to buy.

As I will be purchasing Silver purely for long term investment, it would be great if you guys could help me answer some of the following questions that I am struggling to find answers to:

Would I be better off buying little 1oz bars or buy a kilograms at a time?

Is there any particular advantage in buying PAMP Silver/Gold?

Is there any point in buying minted silver over cast?


Thanks in advance!
 
1oz coins, 10oz bars and 1kg bars are the most popular. I would mix it up. PAMP are well trusted, but some of their items are too high priced for serious stacking in my opinion. The 1oz and 10oz for example. The 1kg bars though are more reasonable. Minted or Cast doesnt really matter.
 
Guys I've been buying silver from the normal bullion places in Sydney CBD for a while but they all charge between 5-6% over spot price when you buy then hit you up with 5-8% sell spread again on the buy back price (this is a buy sell spread between 10-14% which way too high compared to Gold which only has about 2% mark up over spot mark up on the buy price for example).
Anyhoo long story short I'm happy to buy silver (bullion only not jewellery ect) at spot price from people in Sydney so we can meet up and get it tested somewhere then see if we're happy to transact.

I'm not a business just a guy that doesn't that doesn't like getting taken for 10-14% so if you feel the same give me a yell.
PS If there's a better thread for this type of topic let me know.
 
Richie Cunningham said:
Guys I've been buying silver from the normal bullion places in Sydney CBD for a while but they all charge between 5-6% over spot price when you buy then hit you up with 5-8% sell spread again on the buy back price (this is a buy sell spread between 10-14% which way too high compared to Gold which only has about 2% mark up over spot mark up on the buy price for example).
Anyhoo long story short I'm happy to buy silver (bullion only not jewellery ect) at spot price from people in Sydney so we can meet up and get it tested somewhere then see if we're happy to transact.

I'm not a business just a guy that doesn't that doesn't like getting taken for 10-14% so if you feel the same give me a yell.
PS If there's a better thread for this type of topic let me know.
Click to expand...
:rolleyes:
How do you think they make $ ?
Manufacturing costs & all that
Do some more reading
 
Richie you will find it hard to get people to sell you most size silver bullion at spot price. Check out the sales threads here, find someone willing to do f2f in the city and away you go. If its a trusted seller on this site, I dare say you might not necessarily need to get it all tested either.
 
Richie Cunningham said:
Guys I've been buying silver from the normal bullion places in Sydney CBD for a while but they all charge between 5-6% over spot price when you buy then hit you up with 5-8% sell spread again on the buy back price (this is a buy sell spread between 10-14% which way too high compared to Gold which only has about 2% mark up over spot mark up on the buy price for example).
Anyhoo long story short I'm happy to buy silver (bullion only not jewellery ect) at spot price from people in Sydney so we can meet up and get it tested somewhere then see if we're happy to transact.

I'm not a business just a guy that doesn't that doesn't like getting taken for 10-14% so if you feel the same give me a yell.
PS If there's a better thread for this type of topic let me know.
Click to expand...



Damn thieves!

Who the hell do they think they are, wanting to put food on the table and pay the rent....
 
If it's 5-8% premium for perth mint or other name brand bars that's pretty reasonable. Little low on the buy side but I'm sure you have PLENTY of places to sell to in Sydney. I really doubt you'll find much non scrap at spot and if you do I'm sure you could turn it around for a quick profit here at spot plus one or two.
 
Hi all, new to the site and the silver stacking community in general. Lots of great info on this thread, i was wondering if anyone can direct to me to the best beginners threads?
 
very informative.What are your views on 5 gram bars.I realise that there is a higher premium paid,was just wondering about liquidity.
 
Awesome, priceless information. thanks... The poor AU$, postage/shipping costs must also be kept in mind. I'm always asking the question... should I buy local to acquire those extra few ounces or waste money on postage? Probably the difference between a collector and a stacker...
 
Is this info still valid in late 2015? Especially about the pre-66 coinage. In the States, something happened to the pre-65 coins, and they have gained quiet a premium. I am planning on coming back for a while and though about stacking again (with pre-66 on my mind).

Also, how does the Perth Mint silver bullion kangaroo fit into the equation? Equal to ASE and Maples?
 
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