tanzb
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Post by tanzb on Oct 30, 2014 10:25:48 GMT 10
Seeing as though there has been alot of discussion about the purchase of precious metals, mainly silver, i thought i'd post this to try and get it clarified. Sorry for my lack of understanding on this matter but i'm just soooo confused when it comes to buying silver "Minted" as to "Not Minted". Surley if it was for investment (SHTF) purposes a person would buy the unminted as it's far cheaper so there fore should have a better return when sold as it's all .999 pure, so then why pay a premium for the minted? It's sorta like 1kg of feathers weighs the same as 1kg dirt, so is it just for the looks of a nice shiny bar why we pay a premium? Just as a comparison,... I can buy 1 Kilo of silver bullion from for $653 While 1 Kg of Perth Mint is approx $790. .....and 1 Kg of PAMP Suisse is approx $775. So if it's all .999 Pure and it's from a "reputable" source then why should'nt i buy the cheaper 1 Kg for $653 ? Thanks, and sorry again for my lack of understanding.
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Ammo9
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Post by Ammo9 on Oct 30, 2014 12:21:34 GMT 10
Depending on who you end up selling to, they may or may not have the ability to test that it is actually .999 silver. Also if you sell it predisaster then you will be able to recoup that cost if selling to individuals instead of large companies.
If you are buying it to resell after a price jump and while a functioning society is still in place then cast is a better option than minted. However if buying in smaller amounts, with an eye on both predisaster resale and postdisaster trading, I think that the appearance is very important and so the better and more official finish on minted bars is worth the premium paid... I'm my opinion
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Post by thereth on Oct 30, 2014 12:57:56 GMT 10
in saying that aus, i imagine ingot moulds would not be very expensive, and a fire and cast iron pot would get hot enough to melt silver. You could buy it in 'rough' form and melt it down yourself. Not 100% sure of the temps required but just a thought
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Post by Peter on Oct 30, 2014 13:06:35 GMT 10
in saying that aus, i imagine ingot moulds would not be very expensive, and a fire and cast iron pot would get hot enough to melt silver. You could buy it in 'rough' form and melt it down yourself. Not 100% sure of the temps required but just a thought I'd check up on the legality of doing this - to be considered of high quality it would need identifiers (ie, the mark from the mint). To do this yourself would probably be considered forgery, and I can only see this ending in a shytstorm of catastrophic proportions.
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Ammo9
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Post by Ammo9 on Oct 30, 2014 13:16:14 GMT 10
Thereth, that's also cast. Not minted. Below is a usual minting process, hence the added cost.
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Post by thereth on Oct 30, 2014 13:17:08 GMT 10
fair call, I hadnt thought there would be any issues but it wasnt something that had even crossed my mind, probably better to play it safe
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Ammo9
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Post by Ammo9 on Oct 30, 2014 13:18:10 GMT 10
Pete, I'm no expert but it would only be forgery if you were stamping it with company logo, and to get it recognised as .999 to create your own company and cast or mint your own bars under a brand name then you're looking at A LOT of cost and including specifically quality assurance
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Post by thereth on Oct 30, 2014 13:18:22 GMT 10
bloody hell aus, thats a process and a half!!
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Ammo9
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Post by Ammo9 on Oct 30, 2014 13:21:53 GMT 10
Yep... so at a couple dollars over spot, you're looking at a lot of turn over to cover cost.
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Post by Peter on Oct 30, 2014 13:41:03 GMT 10
Pete, I'm no expert but it would only be forgery if you were stamping it with company logo, and to get it recognised as .999 to create your own company and cast or mint your own bars under a brand name then you're looking at A LOT of cost and including specifically quality assurance That's my concern - I wouldn't buy silver unless from a reputable mint, so I would require the mint logo to be on the bullion. That said, I wouldn't normally buy from anyone who isn't a respected dealer.
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Matilda
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Post by Matilda on Oct 30, 2014 17:42:41 GMT 10
Go to Silvervstackers. As at 7:30pm - checkout silver price US and gold.
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Jason
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Post by Jason on Oct 30, 2014 20:10:02 GMT 10
Wow that's dropped a lot since I had a look at some of the shiny stuff mid last year!
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Ammo9
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Post by Ammo9 on Oct 30, 2014 20:13:32 GMT 10
Yep, it's been on the downslide for a while now. Which is why I think it's probably a good time to get into it. Sure it might get worse before it gets better, but eventually it will always increase over time.
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australia
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Post by australia on Sept 18, 2015 21:15:05 GMT 10
Sorry to bump a old thread but what's everyone's thoughts on silver prices in the last year ? Still worth investing ?
Or is gold making the trend these days .
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Ammo9
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Post by Ammo9 on Sept 18, 2015 21:25:29 GMT 10
Exchange rate buggered the low silver price for aussies
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peter1942
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Post by peter1942 on Sept 21, 2015 12:59:53 GMT 10
So in a post SHTF situation I have a family come to me and want to purchase a weeks food, how much by weight of silver do I take from them and once I have that silver what earthly use is it to me?
The one thing that will be in great demand in a post SHTF era will be labour, something we all have, some more than others.
I can think of the proverbial one thousand and other items I would rather have in my swap chest other than we we presently call precious metals.
In post SHTF situations it is my belief that so called precious metals will become virtually worthless until society is able to rebuild into something similar to what we have today where we have people who are prepared to pay cash for a metal that gives nothing other to the possessor than a warm touchy feeling.
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Ammo9
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Post by Ammo9 on Sept 21, 2015 14:15:10 GMT 10
I'm tired of explaining precious metals in a prepper sense to people.
Not everything is bliss or apocalypse. It's not black and white, there are shades of grey...
Precious metals aren't stored goods, they are a form of insurance.
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shinester
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Post by shinester on Sept 21, 2015 18:15:41 GMT 10
I can see the potential for precious metals, history is a good indicator of the future and their worth has continued through much of human civilization. They would eventually have value again, as they have done over and over again, no matter what the situation.
Having said that, I would think a kgs of pool shock might be tradable, considering 1g = 1000L of drinking water and doesn't have the issues that higher value items might present.
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Post by graynomad on Sept 23, 2015 9:23:41 GMT 10
I'm seriously thinking this is a good option. Buy (for example) rice now for about $2 a tonne , trade it for PMs when things are bad and PMs aren't worth anything because let's face it they are intrinsically useless, and emerge at the other side with a stash of PMs that will eventually become valuable because, rightly or wrongly, they always have been deemed valuable. This assumes that you are happy to trade under WROL conditions, I wouldn't in general, but there are bound to be a lot of grey areas.
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Frank
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Post by Frank on Sept 23, 2015 9:54:31 GMT 10
.... Not everything is bliss or apocalypse. It's not black and white, there are shades of grey... Precious metals aren't stored goods, they are a form of insurance. +1 on this
There doesn't have to be a SHTF situation to make use of or make money from PMs, lots of people buy PMs, not just preppers As with anything prep related they are a form of insurance, just like ammo or stored food or whatever. Another tool in the preppers toolbox
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