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Camping, Hiking and Outdoor Activities Camping, hiking, and other outdoor activities within.

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  #1  
Old 08-20-2009, 12:54 PM
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Default Good deal on 10 oz. silver bars

Today and tomorrow only $0.49 per oz over spot at APMEX.
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Old 08-20-2009, 12:57 PM
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Wow last time I bought silver it was at $5 an ounce. Wish I would have kept it now that it is up to $14.47 an ounce.
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Old 08-20-2009, 1:14 PM
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From what I read, the sell price is $144.70 0n a 10oz bar = 14.47 per oz.
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Old 08-20-2009, 1:28 PM
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They are just charging you $0.49/oz OVER the value of the silver (for it to be in a bar/prettified/etc)
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Old 08-20-2009, 2:24 PM
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Yes, all retail sales include a premium and premiums have been sky-high lately leading to those claims that the government is conspiring to hold the price of gold/silver down. The government is no more holding down the price of gold or silver than it is causing a shortage of ammunition. What you are seeing is the free market in operation. There are some concerns that some of the Exchange Traded Funds (e.g. GLD) are not fully backed by physical metal and have been the cause of high premiums. Be that as it may that is an excellent bargain for physical silver these days. I tend to like pre-1964 US silver coinage for my cache but I am tossing some 10 oz bars in. I prefer Englehard bars but can't find any at a decent premium these days.

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They are just charging you $0.49/oz OVER the value of the silver (for it to be in a bar/prettified/etc)
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Old 08-20-2009, 3:04 PM
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I don't necessarily agree with you as there is only so much supply and the demand has increased faster than the price with schifs little company holding something like a half billion in gold alone now. and with other markets like china and india rapidly expanding gold use and acquisition the rise in prices has not matched it.

So it's very easy to assume there may be forces at play here that are beyond most peoples knowledge.
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Old 08-20-2009, 3:11 PM
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That's a good deal. Thanks for the heads up.
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Old 08-20-2009, 3:14 PM
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I would agree. I think we can all agree that we should all own some precious metals because, regardless of what happens to paper money, metals will always have an intrinsic value that can be sold or traded.

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I don't necessarily agree with you as there is only so much supply and the demand has increased faster than the price with schifs little company holding something like a half billion in gold alone now. and with other markets like china and india rapidly expanding gold use and acquisition the rise in prices has not matched it.

So it's very easy to assume there may be forces at play here that are beyond most peoples knowledge.
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Old 08-20-2009, 7:25 PM
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Precious metal coins/bars/etc. are too easy to forge. After getting bit one time, it's a classic case of "Fool me once: shame on you. Fool me twice: shame on me."

I strongly prefer items with high utility value for SHTF situations. 9mm, .22LR, dried food, etc.
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Old 08-20-2009, 7:29 PM
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I've never understood the buying of bars/coins if you're hoping to get something to hold value... You can buy precious metal shot (casting grain) at almost no markup.
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Old 08-20-2009, 8:46 PM
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I've bought from APMEX. Very pleasant transactions.

Regards,


SwissFluCase
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Old 08-20-2009, 9:54 PM
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Quote:
Originally Posted by rabagley View Post
Precious metal coins/bars/etc. are too easy to forge.
I always have wondered how you would test one of these things without melting it down. Do you follow Archimedes' example, or is there another way?
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Old 08-20-2009, 10:18 PM
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Quote:
Originally Posted by rp55 View Post
There are some concerns that some of the Exchange Traded Funds (e.g. GLD) are not fully backed by physical metal and have been the cause of high premiums.
Hmm..scary....is it time to dump GLD???


Do you have a link to some articles that describe what's going on?



thanks,
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  #14  
Old 08-21-2009, 7:20 AM
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Read all you want about gold at Kitco.com and FinancialSense.com
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  #15  
Old 08-21-2009, 8:04 AM
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OK here's my ignorant question of the day. How/where do you sell silver? And how much of a premium do you lose on the sale? I guess that was 3 questions...
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Old 08-21-2009, 4:07 PM
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Generally you buy & sell silver at a B&M (brick and mortar = real world) coin store. For pre-1964 silver coins the spread is usually quoted in multiples of face value (real easy to figure out - yet another reason why I like silver that way). For example, recently in Santa Cruz the spread was buy 9.5x and sell 10.2x.
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Old 08-21-2009, 4:13 PM
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Quote:
Originally Posted by LAWABIDINGCITIZEN View Post
Hmm..scary....is it time to dump GLD???
I do not think it is time to dump GLD. It is an easy and convenient way to get and get out of gold and take a profit. I think the rumors are FUD but they do circulate. I think the rumor may have started when some of the exchanges announced they had gold in different sized bars then their contracts were for and that one would need multiple contracts to take physical delivery. They also charge outrageous premiums of physical gold - mostly because it is PITA to get it assayed if it goes out of depository or comes back in.
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Old 08-22-2009, 7:43 AM
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Interisting read: Silver or Gold
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Old 08-25-2009, 8:45 AM
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  #20  
Old 08-25-2009, 9:38 AM
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I want some!
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