Off Topic/ B.S. > General Off Topic
Silver
pkveazey:
--- Quote from: Jackalope on April 14, 2018, 03:33:05 PM --- I bought some on Ebay last week. I just look for the best price, which is usually pretty competitive.
--- End quote ---
I've never bought any off Ebay because the experts say most of it on Ebay is fake. Always test it when you get it and make sure you are allowed to return it. The sliding magnet test is a good test but its not fool proof. A warning sign is if its sealed up in a plastic case and not removeable. Its OK in a case if you can pop it open and take it out. Hold the Metal at a 45 degree angle and let a neodimium magnet slide down it. If its slides slowly its a good sign its OK unless the core is Copper. If it slides down quickly as if there is no resistance, then that's not a good sign. Then the obvious one is if the magnet sticks to it like iron, that's definitely a bad sign.
pkveazey:
--- Quote from: JohnyMac on April 14, 2018, 10:17:46 AM ---I established an account with Lear back in 2010. I just email my broker what I want to buy and the purchase goes through like crap through a goose. Based on my past purchases, I am paying 3% above spot. This fee is about average and much better than some that charge as much as 6% over spot.
--- End quote ---
Are you buying Paper Silver or Physical Silver? The guy I buy my Physical silver from is pretty trustworthy but he cleans my clock on premiums. He charges $2 an ounce regardless of the spot price. When its cheap I get burned but when its expensive he gets burned.
Nemo:
--- Quote from: Grudgie on April 14, 2018, 04:42:51 PM ---I bought at $30 spot right before the crash :'(
Just hoping to break even some day.
--- End quote ---
A friend of mine got 200 oz and it worked out to $24/oz. But when it goes neither of us y'all will be unhappy with buying silver.
Nemo
Rogue-Metalsmith:
Hey guys.
I probably should weigh in here seeing as this is somewhat a field of my expertise.
In 2010 prices of silver were relatively cheap. baught a few kilo's of the stuff @ price of $248.89 per kilo
Today that same kilo would cost me $535.95. More than double what it cost me in beginning of 2010.
Now i know there were some flooding issues in some silver mines which led to an overnight silver price spike later in 2010. attached links.
I suppose it was luck i bought as much as i did when i did.
Question i have is do you guys keep the bullion bars or melt them down to use them?
Because who carries around Bullion bars? :what:
I know some may lock it up, but how will you barter with the metal?
I devised it down to making trade beads of specific weights- scales are not so expensive and if you have a set weight /value it will make trading easier.
This is i suppose a long term investment kind of thing. :coffeeNews:
I am busy with prototypes- they look great and are functional.
Just a thought i suppose.
What are your thoughts on this gents?
https://silverprice.org/silver-price-history.html
Regards
RM
:zombitron:
Nemo:
I have mine in Silver Eagles because they will be the most recognized and widest accepted ones around here, I expect.
Bullion to home cast coins or beads would be too easy to fake or forge or whatever you call it to be widely accepted methinks.
Nemo
https://www.apmex.com/category/22100/silver-american-eagle-coins
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