Wanting to buy bulk silver

2

2eyedcyclone

New Member
Hi all
I am very new to this,
I am looking to buy some silver bars in Bulk
Im looking to spend about 25k, just wondering if anyone had any ideas about the best way to go about it?
I don't really want to pay the commission( eg 3%) ontop of market value.
Just wondering if anyone had any ideas about where to buy or even if someone would like to sell that amount of silver.
Looking to buy in about 2 weeks
cheers
Scott
 
as mentioned in previous threads I advise you to keep the sums of money to yourself, in the mean time why dont you find a dealer in you locale that you can commence negotiations with. one of the forum sponsors may be close to you?
 
Anything you buy up to 1 kg will have some form of premium. Maybe if you buy 15kg bars you can get spot
 
Hi Scott, your best bet for low premium silver are the 50c rounds that go for bulk, sometimes it is sold near spot.

If you are looking for modern bullion at below 10% premium (for silver) it is rather hard, not that everyone is trying to scalp you, it is just the market price and how silver bullion works. The manufacturer does not release them for less than 10% premium mostly, most perth mint silver bullions carry 10+% premium on them.
 
2eyedcyclone said:
I don't really want to pay the commission( eg 3%) ontop of market value.
Click to expand...

Bullion has two different values: the "spot price" of bulk metal on the international bullion market, and "physical price" of a bar that you can hold in your hand.

If you're looking to buy the kind of bullion that you can hold in your hand, you'll have to pay a premium for it because it costs money to buy a great big block of metal and melt it down into smaller pieces of a particular size. That extra money you spend buys you the ability to do whatever you like with the bar, including selling it to virtually any dealer, anywhere in the world.
 
Best and lowest premium:
Have USD@250,000/= (2% Fee waived)
Open a Perth Mint Depository Service Account:
Purchases will be silver spot +USD$0.10...

Now anyone have 250k of spare change? :P
 
1 kg bars have failry low prems, also junk silver, although I'm not sure what kind you guys have over there in oz land.

But wow, 25k!! No plans for getting any gold?
 
Perak said:
Best and lowest premium:
Have USD@250,000/= (2% Fee waived)
Open a Perth Mint Depository Service Account:
Purchases will be silver spot +USD$0.10...

Now anyone have 250k of spare change? :P
Click to expand...

If only I hadn't converted my 250k USD to AUD a few days ago. Now I am a bit short. :)
 
Will accept 249,999.99 :lol:

Anyway, the short you had will be more then covered by the onslaught on gold/silver price last night. Silver at 36.00 :)
 
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