SILVER Bullion Alert: Rounds $.89 over spot (plus shipping) @ Apmex

[gbeirn]

As a long term investment is it a better idea to buy bars or rounds? A 100oz bar is cheaper than 100 1o silver rounds. Any upside to resale besides the obvious of being able to sell smaller amounts vs. 1 large bar?

 

[TheDoc9]

Thanks, I also checked via google and got an overall positive impression. Might give these guys a try and start with a small buy.

 

[qliveur]

Originally posted by: DaveSimmons
Try telling that to the people who bought gold for ~$700 ounce around 1980, and watched it fall to around $500 in '82 and stay below $500 for over 20 years.

The current peak value is likely to plummet in another year or two, until the next major crisis.

Well, anyone who's stupid enough to buy gold at ~$700/oz deserves to lose their ass. :laugh:
I mean, who the hell does that? But at $275/oz, you just know that it's going to go up eventually.

I will admit that investing in gold is tricky and that profit depends on predicting/waiting for the next financial crisis to rear it's ugly head. But there's just something very gratifying about turning a mad profit at a time when everyone else is searching for the nearest 20th floor window to jump out of.

 

[Goldbug]

Originally posted by: gbeirn
As a long term investment is it a better idea to buy bars or rounds? A 100oz bar is cheaper than 100 1o silver rounds. Any upside to resale besides the obvious of being able to sell smaller amounts vs. 1 large bar?

Smaller quantities always have a higher premium when you sell. Just check ebay's completed auctions. 1oz rounds or bars sell for $18-22 shipped, 100oz bars go for $16-17 per oz, and 1000oz bars go for around $15/oz (near melt value). Typically more convenience and portability = higher premium.

That's why this APMEX deal is so hot in my opinion. You can get large quantities of 1 and 10oz bars for a very LOW premium.

 

[McRhea]

So what are people buying?

I'm thinking I want some coins for convenience and portability if/when inflation takes off in 1 to 2 years... so coins? Maybe mix it up with half coins half bars? And is now a decent time to buy silver?

 

[Goldbug]

Just get a few rolls and a small stack of 10oz bars to start McRhea. They will help you sleep tight.

 

[Parkre]

Where would sell these in ten years? Or if already had some, where would you sell it now?