True value of second hand bullion

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RomanControl said:
Its cheaper for me to get you to post these to me one at a time, than buy them from the premium princess's here.
You can even keep 50 cents for yourself
everyones a winner
Click to expand...

I seriously doubt that mate. :D
 
No i wont sell them here at profit, because that would defeat the purpose. I'll flood the trading section with bullion rounds and bring down the regime of the premium princesses
(Ok a slight profit but just to cover my time)
 
I support your intention RC.

@ Honestcoins should work out a plan to sent us some US common bars and rounds, those you can easily buy at your local stores. (we can buy/sell/swap/PayPal payments etc)

then we can start distributing them world wide :) but is small scales.

I learned that some postage method are cheaper from old USA to SEA.

we have our American friend as well etc.

in the mean time, while over here the gst still in place, come October, we can buy direct from Gainsville/Apmex without gst.
 
Alright fine roman, just to end this I'm going to do "the maths"

Let's assume you wanted to send me to buy coins for you. I don't know if there's a 'free' way to send money from australia to the US but let's assume we have to use paypal. That's a 4% fee('m not going to accept a 2000 dollar gift, i'll probably get the irs breaking down my door or some crap like that).

To meet the minimum money wire amount gainesvillecoins requires you would need to buy 62 dragon rounds at current spot prices. Add in shipping to me and the total is 2053.86. Multiply that by 1.04 to account for the paypal fee and you have $2,136.0144 usd

If I sent it all registered insured in one medium flat rate box(not sure the point in this, it's just what gainesvillecoins would do) it would cost 73.40 usd. Add 4% to that for the paypal fee and it's 76.34 usd. Total is now 2,212.35 usd. NO IDEA what customs would charge you, I don't know how that works. But we're looking at 35.68 usd per coin without me charging a cent for the service.

Sending it unregistered and uninsured in sub $400 dollar value bubble mailers only saves $12 usd. So 35.48 per coin.

That is 3.77 usd over spot without me charging a cent.

usd is worth .9723 aud.

Means you would of paid 3.67 aud over spot before any sort of customs charges and without me taking a profit.
 
beginning of second paragraph should read "send me money to buy for you"

sorry, I can't edit my posts yet, too new to the forum.
 
roman you're just going to have to accept that this is the way the silver market has developed. The west makes cheap silver and that's about it. The east makes semi-numi to numismatic silver. Play the hand you're dealt or accept the premiums.

That's what all americans have had to do. You think we ALL like generic bullion? Some of us would kill to live close to the perth mint and have easy access to their stuff.
 
Big A.D. said:
RomanControl said:
I'm on a mission.
A bold crusade to bring second hand bullion bars and round premiums in line with the rest of the world.
It won't be easy.
But its just a matter of perseverance.
Who is with me?
Click to expand...

You'll sell me your stuff at spot?

I'M WITH YOU!
Click to expand...

No not spot, but the same premium everyone overseas pays. Which is neglible.
The chinese can make a microwave ovem, including all the materials and KMARt can add a markup on it and pay tax etc for less than I'm paying second hand for the manufacture of a blob of silver in a mould,
It strikes me as ludicrously overpriced.
 
The sad thing is that somewhere in there is a brain, just going to waste.
 
RomanControl said:
Big A.D. said:
RomanControl said:
I'm on a mission.
A bold crusade to bring second hand bullion bars and round premiums in line with the rest of the world.
It won't be easy.
But its just a matter of perseverance.
Who is with me?
Click to expand...

You'll sell me your stuff at spot?

I'M WITH YOU!
Click to expand...

No not spot, but the same premium everyone overseas pays. Which is neglible.
The chinese can make a microwave ovem, including all the materials and KMARt can add a markup on it and pay tax etc for less than I'm paying second hand for the manufacture of a blob of silver in a mould,
It strikes me as ludicrously overpriced.
Click to expand...
I think its the price of the raw material :mad:
 
I'll have a plane available in the next 6 weeks or so...

Still think its a million times better here in Australia than the 20% VAT on silver back home...

So much for 'god save the Queen' and all that hey?
 
renovator said:
RomanControl said:
Big A.D. said:
You'll sell me your stuff at spot?

I'M WITH YOU!
Click to expand...

No not spot, but the same premium everyone overseas pays. Which is neglible.
The chinese can make a microwave ovem, including all the materials and KMARt can add a markup on it and pay tax etc for less than I'm paying second hand for the manufacture of a blob of silver in a mould,
It strikes me as ludicrously overpriced.
Click to expand...
I think its the price of the raw material :mad:
Click to expand...
I dont mean the silver itself.
Im talking about premium over spot for second hand bullion.

This issue has already been profitable for Hiho. I bid $2 over spot for one of his bullion rounds and monkeyboy jumped in with almost $20 over spot to maintain the premium princess regime.
Unless he really wanted that 1 ounce round and thought it a good buy. In which case I apologise.
 
Low premium silver.

161_p1010240.jpg


It'll do me thanks.
 
5_lowpremiumsilver.jpg


If you want to buy silver near spot, that's how you do it.

If you want it made into a thousand little circles with a design on them, you pay.
 
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