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unknown1123
Experimental

Registered: 05/15/08
Posts: 5,813
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Buying Silver
#14361948 - 04/27/11 04:05 PM (12 years, 9 months ago) |
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I'm looking to buy some small amounts of silver with some extra cash that I would waste anyways.
My question is should I buy either:
1 oz APMEX Silver Bar .999 Fine or Silver - Bullion .999 pure - Heraeus Bar (1.000 oz.)
What is the difference in these?
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teknix
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Registered: 09/16/08
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Not really any difference.
You missed the dip I fear =-/
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bryguy27007
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Re: Buying Silver [Re: teknix]
#14367366 - 04/28/11 02:42 PM (12 years, 9 months ago) |
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Either one will work. Silver is silver. I like junk personally, but generic bullion is fine too. Just make sure they are marked .999 fine silver (both of those are).
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ben_dover0802
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If you think in the long run silver will still go up you can get a deal this week probably. As of now in pre market trading silver is down 12%
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riffdex
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Quote:
ben_dover0802 said: If you think in the long run silver will still go up you can get a deal this week probably. As of now in pre market trading silver is down 12%
Anyone know why silver is down?
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ben_dover0802
shroom addict


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Re: Buying Silver [Re: riffdex]
#14384986 - 05/01/11 08:51 PM (12 years, 8 months ago) |
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I think most likely just because its been going pretty much straight up this month - can't continue like that forever.
I may buy some too if the dip is low enough
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Shins
Fun guy



Registered: 09/15/04
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Small bars often have a higher premium. I like to go for 1 oz coins, silver quarters, dimes, halfs, etc.
Or if i have enough 10 oz+ bars have an even lower premium.
I like to buy silver jewelery and can get silver way under spot, but jewelery isn't as liquid, and there is a lot of fake silver out there so it takes an eye, and preferably an acid test.
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zorbman
blarrr


Registered: 06/04/04
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Re: Buying Silver [Re: riffdex]
#14399600 - 05/04/11 11:56 AM (12 years, 8 months ago) |
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Quote:
Anyone know why silver is down?
And on the 7th day, He rested.
-------------------- βThe crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.β -- Rudiger Dornbusch
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bryguy27007
Cosmonaut



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Re: Buying Silver [Re: zorbman]
#14399924 - 05/04/11 01:03 PM (12 years, 8 months ago) |
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I was surprised to see the dip under 40. I just went on Ebay and placed a bid on a roll of Franklins.
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teknix
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Re: Buying Silver [Re: Shins]
#14400666 - 05/04/11 03:49 PM (12 years, 8 months ago) |
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It's below $40 now!
I bet some of the speculators took a hit.
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Hotnuts
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Re: Buying Silver [Re: teknix]
#14400816 - 05/04/11 04:24 PM (12 years, 8 months ago) |
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<<< Crazily long in low 39's.
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Hotnuts
old hand



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Re: Buying Silver [Re: Hotnuts]
#14401126 - 05/04/11 05:40 PM (12 years, 8 months ago) |
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And only long for a short term trade, I should add! And so far, looks like shit.
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unknown1123
Experimental

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Re: Buying Silver [Re: Hotnuts]
#14401453 - 05/04/11 07:02 PM (12 years, 8 months ago) |
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Do you think its going to rise or fall these next few days?
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madcapper



Registered: 01/23/11
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everytime i click this thread i think its going to be about some lsd.
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teknix
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Silver Margins rose for second time within a week
CME Group announced that it will raise the margin requirements on silver trading. This announcement comes after CME already announced of a margin increase during last week. Due to the recent announcement, the minimum amount will be needed to deposit will be 16,200$ per contract, an increase of 11.6% from the pervious amount needed.
The margins on silver contracts rose very rapidly during the year along with the rise in silver. Only a year earlier the margin on silver contracts stood at 4,250$ per contract.
This change not only immediately affected silver prices as we currently see them plunge, but also might have some effects in stabilizing this commodity's price in the long term.
This change affected as seen in the chart above on the gold to silver ratio during last week.
http://www.dailyfx.com/forex/fundamental/article/guest_commentary/2011/05/03/Guest_Commentary_Silver_Prices_Continue_to_Fall_as_CME_Raised_Margin_.html
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imachavel
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Quote:
madcapper said: everytime i click this thread i think its going to be about some lsd.
what in the world makes you think that?
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I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!
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LZip
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Registered: 03/27/11
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thinking about getting into this...its got to stop falling eventually, right?
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drawde
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Re: Buying Silver [Re: LZip]
#14423822 - 05/09/11 10:04 AM (12 years, 8 months ago) |
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Does anyone know any decent dealers in Canada selling silver right now without huge markup? Or any dealers in the States that ship to Canada without a large minimum order?
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PsychoReactive
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Re: Buying Silver [Re: drawde]
#14433323 - 05/11/11 03:45 AM (12 years, 8 months ago) |
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Ive already started buying silver coins, my collections is growing. I see that when the US dollar falls (the Australian dollar is already higher), the Australian dollar will follow and become worthless too.
Love the shiney silver coins.
Edited by PsychoReactive (05/11/11 03:45 AM)
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MisterPink
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So, is there a better/best/worst place to buy silver? I'm finally employed and have some money to invest. Any help is appreciated.
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bryguy27007
Cosmonaut



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I've been buying 90% U.S. silver coins on E-bay. Another good place to buy is APMEX but with my smaller purchases the premiums and shipping costs aren't worth it to me.
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Svdharma
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I invest in silver by buying it as often as I can at garage sales and flea markets. From one dealer I know I have spent less than $30 and bought more than 1.5oz of silver in the last few weeks. That seems to be about typical. I would consider junk precious metals to be a more "liquid" asset than silver coins in that large amounts could probably be sold with a lower profile in the case you become a fugative and decide to cash in on your silver hoard. Also, much of the "junk" you buy can have some value as a peice of jewelry also. For example I found a leaf broach made by tiffany for $5, an exquisite hand made gold washed sterling stilia leaf made by Stilia Danmark for $5, and about a $150 opal in an old cat shaped broach somebody made as an art project in the 1970's, and so on. I guess what I am trying to say is that you get a double whammy when investing in silver by buying below spot value.
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MisterPink
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Re: Buying Silver [Re: Svdharma]
#14505336 - 05/24/11 04:26 PM (12 years, 8 months ago) |
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So I don't have a great deal of time to research this stuff. However, I've been reading for 10-15 minutes here and there.
From what I can tell Apmex is a good place to buy. What I don't really get is why a 1oz .999 Apmex bar is selling for $40.40 while a 1oz .999 Engelhard sells for $43.70.
As far as I see it, silver is silver, no? I suppose I understand that minted pieces cost more than generic silver, but I don't really get the difference between the Apmex and Engelhard. Is there a good primer on precious metals markets/purchasing that I should read?
TIA
I guess what I'm really asking is; is one a better or worse investment? Apmex, Engelhard, Heraeus, generic etc? I know that was the original posters original question, but if anyone has a bit more information I would appreciate it.
Edited by MisterPink (05/24/11 04:30 PM)
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bryguy27007
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You are right, silver is silver.
Some people pay premiums for well known bars. Both of those bars are easily recognized as .999 silver though. Some shops for instance when buying silver for you will give you spot for generic silver and spot +$2 for "name brand" silver. They are both one troy ounce of .999 silver though.
I would go with the APMEX bar. As always, do your own diligence. If you are investing more than an ounce or two I would do a lot more reading. Kitco forums are a great place to learn about silver.
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