Calguns.net  

Home My iTrader Join the NRA Donate to CGSSA Sponsors CGN Google Search
CA Semiauto Ban(AW)ID Flowchart CA Handgun Ban ID Flowchart CA Shotgun Ban ID Flowchart
Go Back   Calguns.net > OUTDOORS, HUNTING AND SURVIVAL > Camping, Hiking and Outdoor Activities
Register FAQ Members List Calendar Mark Forums Read

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

Reply
 
Thread Tools Display Modes
  #1  
Old 08-20-2009, 12:54 PM
rp55's Avatar
rp55 rp55 is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Feb 2009
Location: San Jose, CA
Posts: 1,567
iTrader: 9 / 100%
Default Good deal on 10 oz. silver bars

Today and tomorrow only $0.49 per oz over spot at APMEX.
__________________
http://i83.photobucket.com/albums/j302/rpwhite55/guns/member13443.jpg
Reply With Quote
  #2  
Old 08-20-2009, 12:57 PM
professionalcoyotehunter professionalcoyotehunter is offline
Banned
 
Join Date: Nov 2008
Location: Desert Area, CA
Posts: 12,981
iTrader: 84 / 99%
Default

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.
Reply With Quote
  #3  
Old 08-20-2009, 1:14 PM
PatriotnMore's Avatar
PatriotnMore PatriotnMore is offline
Calguns Addict
CGN Contributor
 
Join Date: Nov 2007
Location: Anaheim Hills, CA
Posts: 7,077
iTrader: 25 / 100%
Default

From what I read, the sell price is $144.70 0n a 10oz bar = 14.47 per oz.
__________________
‎"If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions."
--James Madison
'Letter to Edmund Pendleton', 1792
Reply With Quote
  #4  
Old 08-20-2009, 1:28 PM
ac427cpe's Avatar
ac427cpe ac427cpe is offline
Member
 
Join Date: Apr 2009
Location: San Diego / Phoenix
Posts: 302
iTrader: 4 / 100%
Default

They are just charging you $0.49/oz OVER the value of the silver (for it to be in a bar/prettified/etc)
Reply With Quote
  #5  
Old 08-20-2009, 2:24 PM
rp55's Avatar
rp55 rp55 is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Feb 2009
Location: San Jose, CA
Posts: 1,567
iTrader: 9 / 100%
Default

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.

Quote:
Originally Posted by ac427cpe View Post
They are just charging you $0.49/oz OVER the value of the silver (for it to be in a bar/prettified/etc)
__________________
http://i83.photobucket.com/albums/j302/rpwhite55/guns/member13443.jpg
Reply With Quote
  #6  
Old 08-20-2009, 3:04 PM
stormy_clothing stormy_clothing is offline
Banned
 
Join Date: Dec 2008
Location: before taxes
Posts: 2,827
iTrader: 49 / 100%
Default

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.
Reply With Quote
  #7  
Old 08-20-2009, 3:11 PM
zachary2287's Avatar
zachary2287 zachary2287 is offline
Member
 
Join Date: Feb 2009
Location: Orange County
Posts: 166
iTrader: 5 / 100%
Default

That's a good deal. Thanks for the heads up.
__________________
Campaign For Liberty

NRA Member

WTB:
Ruger 10/22
.22 Revolver
Double Barreled 20 Ga.
C&R SKS
C&R Single Shot Bolt Action .22
Reply With Quote
  #8  
Old 08-20-2009, 3:14 PM
PatriotnMore's Avatar
PatriotnMore PatriotnMore is offline
Calguns Addict
CGN Contributor
 
Join Date: Nov 2007
Location: Anaheim Hills, CA
Posts: 7,077
iTrader: 25 / 100%
Default

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.

Quote:
Originally Posted by stormy_clothing View Post
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.
__________________
‎"If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions."
--James Madison
'Letter to Edmund Pendleton', 1792
Reply With Quote
  #9  
Old 08-20-2009, 7:25 PM
rabagley's Avatar
rabagley rabagley is offline
Calguns Addict
 
Join Date: Apr 2008
Location: Near Seattle, WA
Posts: 7,188
iTrader: 21 / 100%
Default

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.
__________________
"Ecuador offers the United States $23 million a year in economic aid, an amount similar to what we were receiving under the tariff benefits, with the purpose of providing human rights training that will contribute to avoid violations of people's privacy, that degrade humanity," --Fernando Alvarado
Reply With Quote
  #10  
Old 08-20-2009, 7:29 PM
ac427cpe's Avatar
ac427cpe ac427cpe is offline
Member
 
Join Date: Apr 2009
Location: San Diego / Phoenix
Posts: 302
iTrader: 4 / 100%
Default

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.
Reply With Quote
  #11  
Old 08-20-2009, 8:46 PM
SwissFluCase's Avatar
SwissFluCase SwissFluCase is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Jul 2008
Location: Marin County
Posts: 1,325
iTrader: 3 / 100%
Default

I've bought from APMEX. Very pleasant transactions.

Regards,


SwissFluCase
__________________
"We don't discuss the governor's arsenal in detail" - Brown spokeswoman Elizabeth Ashford
Reply With Quote
  #12  
Old 08-20-2009, 9:54 PM
DippyPower's Avatar
DippyPower DippyPower is offline
Member
 
Join Date: Sep 2007
Location: The bestest city in the OC
Posts: 464
iTrader: 0 / 0%
Default

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?
__________________
Quote:
Originally Posted by Ironchef View Post
Small bands of ferocious animals would form and AK47's would be hoisted defiantly in the air with that all too heroic war-cry.....
ARMADILLOS!!!
----------------------------------------------------
"You see in this world there's two kinds of people, my friend. Those with loaded guns, and those who dig. You dig."
- Blondie
Reply With Quote
  #13  
Old 08-20-2009, 10:18 PM
LAWABIDINGCITIZEN's Avatar
LAWABIDINGCITIZEN LAWABIDINGCITIZEN is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Aug 2009
Location: VC
Posts: 881
iTrader: 0 / 0%
Default

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,
__________________
You have to obey the law, no matter how STUPID it is.
Reply With Quote
  #14  
Old 08-21-2009, 7:20 AM
Peripro's Avatar
Peripro Peripro is offline
Junior Member
 
Join Date: Apr 2009
Location: Rancho Tehama (Corning)
Posts: 85
iTrader: 3 / 100%
Default

Read all you want about gold at Kitco.com and FinancialSense.com
Reply With Quote
  #15  
Old 08-21-2009, 8:04 AM
MudCamper's Avatar
MudCamper MudCamper is offline
Veteran Member
 
Join Date: Mar 2007
Location: Sebastopol
Posts: 3,896
iTrader: 24 / 100%
Default

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...
Reply With Quote
  #16  
Old 08-21-2009, 4:07 PM
rp55's Avatar
rp55 rp55 is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Feb 2009
Location: San Jose, CA
Posts: 1,567
iTrader: 9 / 100%
Default

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.
__________________
http://i83.photobucket.com/albums/j302/rpwhite55/guns/member13443.jpg
Reply With Quote
  #17  
Old 08-21-2009, 4:13 PM
rp55's Avatar
rp55 rp55 is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Feb 2009
Location: San Jose, CA
Posts: 1,567
iTrader: 9 / 100%
Default

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.
__________________
http://i83.photobucket.com/albums/j302/rpwhite55/guns/member13443.jpg
Reply With Quote
  #18  
Old 08-22-2009, 7:43 AM
MudCamper's Avatar
MudCamper MudCamper is offline
Veteran Member
 
Join Date: Mar 2007
Location: Sebastopol
Posts: 3,896
iTrader: 24 / 100%
Default

Interisting read: Silver or Gold
Reply With Quote
  #19  
Old 08-25-2009, 8:45 AM
problemchild problemchild is offline
Banned
 
Join Date: Oct 2005
Location: 33.753276,-118.19139
Posts: 6,968
iTrader: 82 / 100%
Default


Reply With Quote
  #20  
Old 08-25-2009, 9:38 AM
professionalcoyotehunter professionalcoyotehunter is offline
Banned
 
Join Date: Nov 2008
Location: Desert Area, CA
Posts: 12,981
iTrader: 84 / 99%
Default

I want some!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -8. The time now is 5:48 AM.




Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Proudly hosted by GeoVario the Premier 2A host.
Calguns.net, the 'Calguns' name and all associated variants and logos are ® Trademark and © Copyright 2002-2016, Calguns.net an Incorporated Company All Rights Reserved.