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Silver investors: bars $2.09 over spot from Monument Metals $832.68

$832.68
+36 Deal Score
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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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Joined Sep 2007
L6: Expert
> bubble2 1,180 Posts
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L0wang
01-30-2022 at 01:17 PM.
01-30-2022 at 01:17 PM.
Why buy bar of silver instead of a silver ETF on stock market, more liquid…
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Joined Nov 2010
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> bubble2 199 Posts
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Commoncent
01-30-2022 at 05:12 PM.
01-30-2022 at 05:12 PM.
After sifting through 12 pages of comments, no one here bothered to mention that this is the first time ever that a slickdeal was posted for silver?
That, in it of itself, is worth mentioning, no?
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Joined Mar 2010
L10: Grand Master
> bubble2 6,060 Posts
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GBAstar
01-30-2022 at 05:25 PM.
01-30-2022 at 05:25 PM.
Not true, when spot was $15-$18, I and other used to post apmex/mcm/silvertowne etc. deals for ASE and Maple leafs pretty regularly
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Joined Aug 2008
L5: Journeyman
> bubble2 661 Posts
OhFrugal
01-30-2022 at 05:42 PM.
01-30-2022 at 05:42 PM.
Quote from irobot73 :
At best, a hedge on the market(s). At the worst, it'll be an easy, out-of-sight transfer to the youngins to do w/ as they wish.
I don't think so. From circa 2009, dealers are supposed to inform the federal government of any purchase of gold (and perhaps silver) coins. They were getting ready for dollar crash at that time itself Smilie
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Joined Aug 2008
L5: Journeyman
> bubble2 661 Posts
OhFrugal
01-30-2022 at 05:48 PM.
01-30-2022 at 05:48 PM.
Quote from irobot73 :
One of the cheapest online stores I've found: Kilo bars starting at $2.09 over spot. Shot/grain at $1.99 over.
!
That is $2.09 for each Oz, not the whole bar. For gold Maple leaf, the mark up is $90 (almost 5%). Yes, I understand that there is a shortage of real, real gold.

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)
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Joined Jun 2013
L6: Expert
> bubble2 1,785 Posts
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koge811
01-30-2022 at 05:52 PM.
01-30-2022 at 05:52 PM.
Quote from amp3d1 :
Why buy bar of silver instead of a silver ETF on stock market, more liquid…
answer is always crime. Counter party risk you should diversify your holdings into everything.
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.com/symbol/xrt/

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.com/etfs/?symbol=gld

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.com/etfs/?symbol=iau
0.36% short

https://www.etfchannel.com/etfs/?symbol=slv
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.
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Last edited by koge811 January 30, 2022 at 06:11 PM.
Joined Dec 2017
L2: Beginner
> bubble2 90 Posts
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Scubanick
01-31-2022 at 08:43 AM.
01-31-2022 at 08:43 AM.
Quote from brenth77 :
The time I ordered from them, they shipped USPS. Would definitely have preferred FedEx.

FedEx is the worst one
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Joined Oct 2015
L4: Apprentice
> bubble2 350 Posts
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t_c
01-31-2022 at 02:15 PM.
01-31-2022 at 02:15 PM.
If you are interested in hedging against a hyperinflation scenario, there is a guy named Fernando Aguirre who wrote a book about surviving the 2001 economic collapse in Argentina. In it, he talked about what happened and what things were useful after the collapse for bartering etc. TL;DR precious metals were good, especially gold chains, which could have individual links cut off for smaller everyday type transactions, stocks were useless when there was no liquidity available to cash them out and no one is working at your bank or brokerage anyway, and ammunition was suddenly regulated in an attempt to stop rampant crime so selling it became risky and illegal and it no longer fetched a premium price without undue risk. His account predates crypto, but if there is still infrastructure in place to facilitate the trade it seems like it could be viable, assuming the person you want to trade with wants crypto.

https://smile.amazon.com/Modern-S...9870563457
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Last edited by t_c January 31, 2022 at 02:25 PM.
Joined May 2017
L3: Novice
> bubble2 150 Posts
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Skywalker12
01-31-2022 at 06:02 PM.
01-31-2022 at 06:02 PM.
Quote from manku :
Just my two cents here:

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
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Joined Oct 2010
L2: Beginner
> bubble2 34 Posts
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kerrym1234567
01-31-2022 at 07:00 PM.
01-31-2022 at 07:00 PM.
Silver is going to 17 dollars an ounce, wait to buy...
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Joined Dec 2012
L6: Expert
> bubble2 1,776 Posts
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Pga
01-31-2022 at 07:09 PM.
01-31-2022 at 07:09 PM.
Quote from RuinationDay :
If you want to hedge against an economic collapse, go long on beans and bullets. Nobody can eat silver and gold.
Bingo. Do you see any silver or gold in demand In Afghanistan? Nope, it's food, bullets, women and kidneys that are getting traded everywhere.
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Joined Feb 2008
L7: Teacher
> bubble2 2,993 Posts
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overzeetop
02-01-2022 at 05:33 AM.
02-01-2022 at 05:33 AM.
Quote from amp3d1 :
Why buy bar of silver instead of a silver ETF on stock market, more liquid…
These are for the collapse of civilization, when fiat currency is no longer available, ETF/StockMarket is no longer traded (and commodity funds liquidated illegally), and crypto no longer exists because society has failed. Silver, like Gold, will be the only currency you can use to buy things (though nobody will be selling because resources are scarce).

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.
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Joined Nov 2021
L5: Journeyman
> bubble2 655 Posts
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jim99
02-01-2022 at 06:51 AM.
02-01-2022 at 06:51 AM.
Quote from t_c :
If you are interested in hedging against a hyperinflation scenario, there is a guy named Fernando Aguirre who wrote a book about surviving the 2001 economic collapse in Argentina. In it, he talked about what happened and what things were useful after the collapse for bartering etc. TL;DR precious metals were good, especially gold chains, which could have individual links cut off for smaller everyday type transactions, stocks were useless when there was no liquidity available to cash them out and no one is working at your bank or brokerage anyway, and ammunition was suddenly regulated in an attempt to stop rampant crime so selling it became risky and illegal and it no longer fetched a premium price without undue risk. His account predates crypto, but if there is still infrastructure in place to facilitate the trade it seems like it could be viable, assuming the person you want to trade with wants crypto.

https://smile.amazon.com/Modern-S...9870563457 [amazon.com]
Thank you. I've been hearing about this person for years, but never could find out his name. I like to keep a very open mind on what assets to keep or sell. Our RE values here in California are at their peak and I'm seriously looking at cashing in. Same with my stock investments as I have a very uneasy feeling about the market. One quick phone call and I sleep well at night. I did not come from money and am both frugal and lucky, but what's going on now with world markets has me losing sleep. Silver is not for me, but gold coins are what I want to continue buying for safekeep. I store most in safe deposit box at bank, the rest in my fire proof safe, but if/when the stuff really hits the fan, a safe will be the first place to be looted. I own a piece of land outside of Bisbee, AZ that I bought 20 years ago for cheap and always looked at that as my last stand location for self and daughters when/if the shtf. Here in California, I can't think of a worse place to be when financial disaster hits, especially in Bay Area where I am. Family and a few friends have left and quite happy in Tennessee, North Carolina, Idaho, and Montana. I lived in N/W Iowa as a kid and those small towns will be the safest. Looking at South Dakota the past few months and as soon as the weather warms, it's road trip time.
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Joined Jul 2006
L9: Master
> bubble2 4,404 Posts
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Commentary
02-01-2022 at 07:02 AM.
02-01-2022 at 07:02 AM.
Quote from amp3d1 :
Why buy bar of silver instead of a silver ETF on stock market, more liquid…
Because you have a population that thinks the world will come to an end one day and people will be willing to trade silver for food.

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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Joined Apr 2005
To buy or not to buy???
> bubble2 198 Posts
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JulianoGS
02-01-2022 at 08:06 AM.
02-01-2022 at 08:06 AM.
Buy US silver\gold coins, stay away from bars.
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