New am I paying to much

[AKBill]

I've only been into silver for about a month now and I'm paying about $9.00 an oz delivered. Am I screwing myself here or is that fair. I'm not buying it to resell soon, plan on holding it till times get really bad.

[FooBooZibZab]

That seems a bit high. You can buy at or below spot for 90% coins on ebay (including the shipping!), and you can buy rounds or bars from Northwest Territorial Mint for .70 cents over spot per ounce (50 ounces minimum). http://www.nwtmintbullion.com/SilverBullion.htm

Even Silver Eagles in mint tubes are going for less than $180 on ebay (including shipping in some cases!), so you are definitely paying a high price, IMO.

/fooboo

[IrishGold]

I've only been into silver for about a month now and I'm paying about $9.00 an oz delivered. Am I screwing myself here or is that fair. I'm not buying it to resell soon, plan on holding it till times get really bad.What are you buying?
Why are you buying?
Where (generally speaking) are you buying?
How much are you buying?
I am not being nosey here. I assure you that the answer to all of the above questions are necessary to determine the best answer.

[lhslancers]

I've only been into silver for about a month now and I'm paying about $9.00 an oz delivered. Am I screwing myself here or is that fair. I'm not buying it to resell soon, plan on holding it till times get really bad.


I got all you want. I'll load my trunk drive to your house unload it for ya take you and your wife out for a nice steak dinner and the silver will only cost ya 8 bucks. Deal?

[AKBill]

What 1oz bars and silver eagles
Where EBay
Why cause when the lights go out all my paper money is going to be good for is starting fires or cleaning my bumm
How much 1 to 5 oz per tranaction 5 to ten trans actions in a day

also anther question while I've got your atention is it better to buy just bars or these "art bars" and wierd rounds?

[AKBill]

P.S. I live in Alaska so delivery costs are kind of high

[lhslancers]

Did you check out Northwest Mint? They are in WA. I think they might be cheaper than who you are using. Gotta be. 1-800-344-6468.

[IrishGold]

Okay Bill, Here are my answers.
It sounds lke you are buying because you feel we are in for a financial meltdown in the near future. If that is the case, you should be buying "junk silver." By that, I mean 90% and 40% U.S. silver coinage. This is because WTSHTF, as you say, your FRN's will be worthless and something will need to take their place. I believe in the short term, before we can get any "honest money" in circulation, the above will be used, as will "trade goods"
Buy 90% dimes, then 40% halves, then 90% quarters, and last 90% halves. The reason for this is that is order in which their silver content falls, and that is what you are dealing with now, and what you will be dealing with in the future. SILVER CONTENT!
You can buy from:
Southern Coins and Precious Metals: http://www.scpm.com/index_flash.html
Affordable Jewlery and Precious Metals: http://www.ajpm.com/htbin/gold.cgi
Lynn's Coins: http://lynncoins.com/jsilv.htm
Tulving: http://www.tulving.com/goldbull.html
I have bought from all of the above and have been happy with every purchase.
Shop around amongst all of them, and when you have found the best price they are offering on the net for what you want to buy, ask for a few cents less and they will probably give it to you. Or ask for a discount on the shipping. Tulving's prices include shipping and insurance. All you want to do is get the most face value that you can for the $'s you are paying.

[IrishGold]

I got all you want. I'll load my trunk drive to your house unload it for ya take you and your wife out for a nice steak dinner and the silver will only cost ya 8 bucks. Deal?To Alaska?

[AKBill]

I'm really not speculating on when the melt down could happen short or long term I just think it will, and I dont want to get caught with my pants down.

[IrishGold]

I'm really not speculating on when the melt down could happen short or long term I just think it will, and I dont want to get caught with my pants down.My answer stands. Near term or long. Long just give you more time to acquire it.
If you were buying to take advantage of the big increase in the POS we all feel is coming, Then I would have said to buy the most silver you can for the $'s you are spending. However, those silver bars and rounds will not be as acceptable as actual coinage if we have a financial crisis.

[AKBill]

I got all you want. I'll load my trunk drive to your house unload it for ya take you and your wife out for a nice steak dinner and the silver will only cost ya 8 bucks. Deal?

lets do a contract now as soon as it hits ten dollars an oz you can deliver. remember to bring mittens

[lhslancers]

Welcome to the board. AKBill.

[AKBill]

Thanks I think I'm going to stick around here you guys seem to think alot like I do

[lhslancers]

To Alaska?


Nah only kidding.

[FooBooZibZab]

Wow, Alaska! Man, I'd be out panning for gold if I was up there.

[PONCE]

I've only been into silver for about a month now and I'm paying about $9.00 an oz delivered. Am I screwing myself here or is that fair. I'm not buying it to resell soon, plan on holding it till times get really bad.

AkBill? if you really don't need the money just hang on and forget about it, I have been buying and holding silver for the past 20 years and to me they are only paper weight.

As a matter of fact, now it the time to buy more.

[Ander]

I've only been into silver for about a month now and I'm paying about $9.00 an oz delivered. Am I screwing myself here or is that fair. I'm not buying it to resell soon, plan on holding it till times get really bad.

Thats only fair if you bought at the very top in the low to mid $8 range.

Also: are you buying eagles? If so they are a buck more expensive, for collector value. I prefer forms of silver which are closer to spot, such as the 90% coins, or the 1 oz generic round, or bars. I would have at least some in small divisible increments like the 90% coins or 1ozers.

At this point, with 5.85 silver you should be getting stuff in the mid $6 range or lower. I get them at .55 over spot, in person.. Tulving.com is usually about .55 to .60 over spot, delivered. (might be more to alaska).

This pullback has given us a good buying op. Take it if you have some funds available to do so. Especially if your position is only a small part of what you want to have...

[silverhunt]

Thats only fair if you bought at the very top in the low to mid $8 range.

Also: are you buying eagles? If so they are a buck more expensive, for collector value. I prefer forms of silver which are closer to spot, such as the 90% coins, or the 1 oz generic round, or bars. I would have at least some in small divisible increments like the 90% coins or 1ozers.

At this point, with 5.85 silver you should be getting stuff in the mid $6 range or lower. I get them at .55 over spot, in person.. Tulving.com is usually about .55 to .60 over spot, delivered. (might be more to alaska).

This pullback has given us a good buying op. Take it if you have some funds available to do so. Especially if your position is only a small part of what you want to have...

Thought my 6.3 value is a steal. Never expect they to short even gold. China banks fault? Not to allow their people to gold with their new regulations?! It is still to expensive for them?! even POG go less than 25% present prices. Which is rubbish! How can a country who is at war, with few hundreds deaths, can be so strong? Billions going to war at the moment i type!!!

[shades2]

I got all you want. I'll load my trunk drive to your house unload it for ya take you and your wife out for a nice steak dinner and the silver will only cost ya 8 bucks. Deal?

Just remember to bring his wife back home when you're done. :haha:

[AKBill]

Thanks for all the good info guys. I figured out my problem I think I've been buying in to small of lots and its not the prices that were killing me but the shipping I picked up 20 oz tonight off ebay for 6.23 delivered. I still have the nice trade potential of the 1 oz bars I'm just buying them all at once, instead of an oz here and there.

[AKBill]

Wow, Alaska! Man, I'd be out panning for gold if I was up there.
I tried that once, my back gave out after 6 hours of standing in glacier melt I decided then that there was a reason this brite stuff was worth 300 an oz and I would be happy to pay it.