Why so difficult?

[spannermonkey]

Let's say the silver rate is at $30.53/oz, so 30.53 x 10 is $305.3
But when you see the dealer price, rarely the price will be the same as the silver rate, normally they sell more than that e.g. $345.00 So how can you tell if the price is expensive? What costs that fill those gap? Thanks.

How much reading have you done , not much I would think
Spot price is
The wholesale rate that
1000oz bars are traded at
Most dealers buy at between 90%-100% of spot
That's how they make money

Hi spannermonkey,

While doing reading I think PM bar would be a great start. Here is my first cast bar:

http://img5.imageshack.us/img5/7659/image1360563708231305.jpg
http://img171.imageshack.us/img171/2558/image1360564061760269.jpg

What do you think? Good normal not good?

That's a good start
Just keep it simple forget coins for now
Buy what you can afford
Buy a 1kg bar if your budget allows
A couple of Sovereigns will get you think about coins
AS I've said to others before & I've seen a few other stackers are doing
Dumping 1oz coin collection ( proofs & such things )
Buy local
10oz bars - 1kg bars
Sovereigns & $200 gold coins
If you can afford 1oz gold Roos

 

[Steve19800]

How much reading have you done , not much I would think
Spot price is
The wholesale rate that
1000oz bars are traded at
Most dealers buy at between 90%-100% of spot
That's how they make money

Hi spannermonkey,

While doing reading I think PM bar would be a great start. Here is my first cast bar:

http://img5.imageshack.us/img5/7659/image1360563708231305.jpg
http://img171.imageshack.us/img171/2558/image1360564061760269.jpg

What do you think? Good normal not good?

That's a good start
Just keep it simple forget coins for now
Buy what you can afford
Buy a 1kg bar if your budget allows
A couple of Sovereigns will get you think about coins
AS I've said to others before & I've seen a few other stackers are doing
Dumping 1oz coin collection ( proofs & such things )
Buy local
10oz bars - 1kg bars
Sovereigns & $200 gold coins
If you can afford 1oz gold Roos

I'll start with a little then keep stacking it high
On the edge of the bar as you can see the surface is not as smooth as the display pic ,you can feel like tiny granular thing poping up, is that normal?

Been looking for minted PAMP lady fortune as well, coins are interesting too you got so many variety options 1oz gold Rooster is pretty demanding huh?

PS: How do you edit your post?

 

[spannermonkey]

You can't for the first week
And forget about how the bar looks

I know people get fussy about shine & dings on PM bars
BUT THEY ARE BULLION
And that is why you pay more for those Pamps

 

[Chillidog]

I would stick to bars ie Perth mint and for coins lunars both gold and silver and kooks, both from the Perth mint.
Easy to trade later and not to much to learn now.

 

[Austacker]

Let's say the silver rate is at $30.53/oz, so 30.53 x 10 is $305.3
But when you see the dealer price, rarely the price will be the same as the silver rate, normally they sell more than that e.g. $345.00 So how can you tell if the price is expensive? What costs that fill those gap? Thanks.

Steve, lets have a look at another example, Sugar

At the US commodity it trades for about $0.18c Lb or $0.08c 1/2 kilo

Now to buy a 1/2kg Sugar would cost you something like - $1.20 give or take.

The price you see is what is traded for RAW product, if you want to buy as close to spot and do not want to worry about getting fakes and storage you could look for something like PMGold on the ASX

The production cost on most products are a fixed rate, so while spot is less you will pay more in premium, however when spot rises this production cost is actually less as a % in your overall buy.

What you can work out pretty easily is premiums and what they are. From there you can tell if something is a good price or not. This is one way.

 

[Steve19800]

You can't for the first week
And forget about how the bar looks

I know people get fussy about shine & dings on PM bars
BUT THEY ARE BULLION
And that is why you pay more for those Pamps

I think Pamps cast bar will have pretty much the same look, of course you can't compare it with minted one.
Pamp more polished and has serial numbers.

 

[Steve19800]

Let's say the silver rate is at $30.53/oz, so 30.53 x 10 is $305.3
But when you see the dealer price, rarely the price will be the same as the silver rate, normally they sell more than that e.g. $345.00 So how can you tell if the price is expensive? What costs that fill those gap? Thanks.

Steve, lets have a look at another example, Sugar

At the US commodity it trades for about $0.18c Lb or $0.08c 1/2 kilo

Now to buy a 1/2kg Sugar would cost you something like - $1.20 give or take.

The price you see is what is traded for RAW product, if you want to buy as close to spot and do not want to worry about getting fakes and storage you could look for something like PMGold on the ASX

The production cost on most products are a fixed rate, so while spot is less you will pay more in premium, however when spot rises this production cost is actually less as a % in your overall buy.

What you can work out pretty easily is premiums and what they are. From there you can tell if something is a good price or not. This is one way.

I don't know how they manufacture gold/silver or other metal in the factory, what is the production price/rate from one manufacturer to another. But when you see the spot price rises all you can see is the metal price is rising as well? Regardless their production cost is actually less or the same?

 

[Eureka Moments]

Bump

 

[MassiveOni]

All of the site sponsor are good, I have done a fair bit of business with bullion bourse and they are always awesome to deal with. otherwise Ainslie bullion in brisbane are good too you could also always just buy from the perth mint they have good prices and will definitely have enough physical to supply you quickly.

+1
i buy all of my silver from bullion bourse, there service is great! A+