Hello!
I am trying to buy 100 1 ounce 999 pure silver bars. I've looked all over but cant seem to find anythign better than 25% above spot price plus delivery.
There must be some place out there I can buy physical bullion without getting ripped off!
Many thanks!
2006-09-06 01:37:21 · 3 answers · asked by Chris O 3 in Business & Finance ➔ Investing
The best way to buy silver or gold bullion is probably in coinage or small bars, just shop around on the net, here are two companies in the UK.
http://www.investmentmetals.co.uk/default.aspx
http://atsbullion.com/
Smaller size bars and coins always sell at a "premium" to the public, but when you sell them you will normally get only the bullion value. This premium is where the dealer makes his profit and is to be expected, otherwise why would he bother.
But, having said that 25% over spot seems very high, go for a mixture of 1 oz and some larger bars, as the larger bars have a lower premium, and shop around to get the best deal on the Internet. I have bought gold 1oz coins at 4% premium in the past. If you are only interested in the bullion market and have no numastic (coin collecting) interest, stay away from anything with rarity value as then the premium only increases.
2006-09-06 01:52:00 · answer #1 · answered by Nick C 2 · 0⤊ 0⤋
Ebay #1, Kitco, tulving.com.
2006-09-06 11:40:43 · answer #2 · answered by FOZ 4 · 0⤊ 0⤋
Find out where its mined,phone them,they probably wont sell it to you but may tell you who they sell it onto for smelting,who you should be able to strike a deal with,assuming you have abundant cash.
2006-09-06 01:41:49 · answer #3 · answered by Ming R J 3 · 0⤊ 1⤋
owning physical silver or gold is one way of investing, but leverage is gotten more from silver or gold mines IMHO.
2006-09-06 01:39:46 · answer #4 · answered by Anonymous · 0⤊ 1⤋