One of the cheapest online stores I've found: Kilo bars starting at $2.09 over spot. Shot/grain at $1.99 over.
Paid a bit less the other week for the Germania Mint bar, but that's the luck of the draw when available cash == market/opportunity (I'm usually on the wrong end of stick, unfortunately).
Simple, online CHECK check-out, back-ordered item came early (projected 2/11 :S), well packaged & tracked. Would definitely do again.
https://monumentmetals.com/silver...-bars.html
https://monumentmetals.com/german...r-bar.html
2022 Canada 1 Oz Silver Maple Leaf (BU)
Single Coins, Tubes of 25, Monster Boxes of 500
Just $4.99 Per Oz Over Spot!
1 Oz .999 Silver Round (Design Our Choice)
Just $2.99 Per Oz Over Spot!
Italpreziosi 5 Oz Cast Silver Bar (New w/Assay)
Just $2.99 Per Oz Over Spot!
10 Oz Silver Bar - Random Design (New)
Just $2.69 Per Oz Over Spot!
Kilo (32.15 Oz) Silver Bar - Multiple Brands
Just $2.35 Per Oz Over Spot!
100 Oz Silver Bar - Random Design (New)
Just $2.25 Per Oz Over Spot!
1000 Oz +/- Silver Bar - COMEX Deliverable
Just $1.19 Per Oz Over Spot!
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That, in it of itself, is worth mentioning, no?
!
Too much mark up and risk in storage. I invest in a Canadian fund with symbol CEF that invests in gold and silver bars (real ones unlike the GLD which some folks say they don't really hold real bars -- there is some controversy there)
after the GME fiasco did it not show you the truth of the markets?
it is rigged against you from the start. The market makers front run you and pump and dump everything so you fomo in and out. look at moderna zillow netflix etc pumped to high hell and then crashed 50%.
stupid really. this does not exclude microsoft and apple they are the most leverage bought stocks in existence right now since everyone and grandma has them. If they deleverage what happens will they just hold apple and microsoft?
dunno up to them.
Gold and silver actually didn't go up at all with the great inflation of 2020-2022.
Gold basically flat lined for 2 years.
Silver...up down up down left right left right a b start.
as for ETFS you do all realize ETFS can be shorted more than outstanding shares right? They do not have an immediate affect on price.
https://www.etfchannel.
XRT shorted beyond 100% it was short 715% a week ago. because the custodian doesn't need to buy the underlying asset right away it depends on how the prospectus is structured.
compare: gold etfs:
https://www.etfchannel.
3.4% short
about 500 - 600 million shares so 50-60 mil oz of gold
they are short 1.7-1.8 m oz of gold meaning they have to buy it from comex and take delivery.
https://www.etfchannel.
0.36% short
https://www.etfchannel.
5% short interest.
28,620,000 million shares are short meaning 28.62 million oz are naked short until fund buys the silver.
this means the fund has to buy it from comex to take delivery or people can sell the stock.
you need to hold the etf until you force them to take delivery to have any effect on price.
FedEx is the worst one
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https://smile.amazon.co
My dad bought some silver in the late 70s...wouldn't sell it as the price soared to over $50/ounce when the Hunt brothers tried to corner the market...said he didn't want to pay taxes. Oops!
Price is 50% lower over 40 years later...no dividends either.
Meanwhile, the stock market is up 30x, and even buying and rolling 3-month CDs would have probably given you 3x your money.
Warren Buffett may be a "dinosaur", but there is a reason he's avoided precious metals his whole life.
Wrong, Warren bought 130 million ounces
The "good" price for small/med quantities on this is taking a 9% loss on the day you buy it. Which means you're likely to get no more than 90-91% back on the spot value when you sell. It's an 18% "tax" on the money. That's a hard number to overcome. A married couple, with minimal planning, can transfer $24 million to their heirs without ever triggering the estate tax. That would put you in the top 0.2% of all households in the US (0.1% is 32M). Until you get to that number, the estate tax is zero at the federal level. You're better off gifting each of your children $32k per year, tax free ($64,000 to a child+spouce) than to try and slide them 250 pounds of silver each year under the table.
https://smile.amazon.com/Modern-S...9870563457 [amazon.com]
In the meantime, they are buying an asset that requires storage, huge spreads relative to ETF and relatively illiquid.as spreads widden during time of panic.
One cannot change the minds of the silver nuts.
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