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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Metals dealers
#23893476 - 12/04/16 11:14 AM (7 years, 1 month ago) |
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i'm finally secure enough in my financial standing to purchase some silver. which company (ies) do you prefer doing business with?
obviously, it pays to shop around, but the two companies i am considering purchasing through are Kitco and APMex. Any horror stories with either of these companies? any others besides these two you would strongly recommend?
-------------------- channel your inner Larry David
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,109
Loc: Wind Turbine, AB
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Re: Metals dealers [Re: demiu5]
#23894747 - 12/04/16 06:24 PM (7 years, 1 month ago) |
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Here in Canada you can go to Scotiabank, or Bank of Nova Scotia. http://www.scotiamocatta.com/
If you buy silver in 1000oz bars you can get it for spot price from any branch. Takes a few weeks to get there though. Smaller amounts have a delivery charge.
They are quoting 100oz bars at CAD :$2,608.51 or about $350CAD over spot.
https://www.scotiamocatta-estore.scotiabank.com/stores/scotiamocatta/catalog/FeaturedProducts.aspx
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Quadman
Challenged


Registered: 04/23/16
Posts: 2,529
Loc: IL
Last seen: 1 year, 3 months
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JM bullion. 10 oz starter Pak at spot! free shipping can't beat that.
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shaggyp
California Hottboi



Registered: 12/27/12
Posts: 454
Last seen: 1 year, 9 months
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Re: Metals dealers [Re: Quadman]
#23916573 - 12/11/16 02:51 PM (7 years, 1 month ago) |
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I've had good experiences with JM Bullion and you can use bitcoin with them for the same rate as a wire transfer.
eBay can also be a good place to find deals. Make sure the seller is a legitimate, well known dealer (apmex, bullion exchanges, and Bay precious metals are all legit) and look for sales because the prices on eBay are usually a bit higher, BUT I've noticed when dealers have eBay sales the prices are actually less than from the official sites, and you can use a credit card that gives 1.5% cash back or use various other methods of couponing to save a couple bucks. Nothing beats coupons and cash back for gold and silver.
Personally I don't fuck with private bullion rounds, even at spot price. Just a personal preference but sometimes paying a buck or two premium for a government backed, possibly collectible bullion coin is worthwhile. Resale value will be higher for those coins in almost every situation, and in some cases collectability will help protect your investment from dips in metal prices or build gains beyond what generic rounds will.
Even if you're forced to sell for just melt value, the couple bucks an ounce you're risking by getting a government issued coin is negligible compared with the potential reward from the coins becoming collectible in their own right, or people just willing to pay more for having the quality guaranteed by a national mint.
-------------------- Burt Cocaine
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