No silver

[Josh_LA]

Well, SLV is an ETF that is backed by physical silver. You can't exchange it directly like you could a futures contract. The thing is that it tracks spot minus fees compared to physical bought at a dealer that tracks spot + variable commission based on demand.

Buy SLV when silver spot is low (this is when demand is highest as are commissions)

When SLV goes up, demand for physical silver falls as do commissions due to lack of demand.

Sell your SLV position and exchange the cash for physical silver.

Viola.

why bother?

why not just trade sell and buy back and forth in SLV?

 

[IChooseLiberty]

why bother?

why not just trade sell and buy back and forth in SLV?

Seriously, that's what I'd do.... but I'm just trying to cater my advice to those that would prefer physical silver as opposed to paper.

 

[LibertyEagle]

that's what I thought, can somebody tell me who beats Scottsdale Silver?

(for under $1000)

Actually, it looks like it's pretty much a wash at these lower amounts.

Scottsdale Silver:
10 Silvertowne 1 Ounce Silver Bullion Bars at $163.99 ($16.40 per bar) free shipping (Note: I didn't see rounds on their site)

APMEX:
Buffalo silver rounds at $15.17 per round + shipping. To compare apples to apples, 10 of these rounds would cost $151.70 + the $9.95 shipping charge. Which works out to $16.17 per round.

Looks to me like APMEX is still cheaper.

 

[IChooseLiberty]

Actually, it looks like it's pretty much a wash at these lower amounts.

Scottsdale Silver:
10 Silvertowne 1 Ounce Silver Bullion Bars at $163.99 ($16.40 per bar) free shipping (Note: I didn't see rounds on their site)

APMEX:
Buffalo silver rounds at $15.17 per round + shipping. To compare apples to apples, 10 of these rounds would cost $151.70 + the $9.95 shipping charge. Which works out to $16.17 per round.

Looks to me like APMEX is still cheaper.

$14.49/ea for Generic Rounds

http://www.bulliondirect.com/catalog/lp/Silver_Bullion_999pure_Bars_Rounds_(1.00_oz).html

I'd recommend Bullion Direct. Shipping/Processing may take a bit longer but it's worth it if you're buying large quantities.

 

[Sandra]

$14.49/ea for Generic Rounds

http://www.bulliondirect.com/catalog/lp/Silver_Bullion_999pure_Bars_Rounds_(1.00_oz).html

I'd recommend Bullion Direct. Shipping/Processing may take a bit longer but it's worth it if you're buying large quantities.

But it's almost 30.00 for shipping and ins.

 

[IChooseLiberty]

$14.49/ea for Generic Rounds

http://www.bulliondirect.com/catalog/lp/Silver_Bullion_999pure_Bars_Rounds_(1.00_oz).html

I'd recommend Bullion Direct. Shipping/Processing may take a bit longer but it's worth it if you're buying large quantities.

But it's almost 30.00 for shipping and ins.

emphasis added

 

[Original_Intent]

Here's about the cheapest silver rounds you'll find.

http://www.apmex.com/Category/156/default.aspx

Created specifically for the GIM web forum so it's not a "known round" but it's still silver at close to spot.

Yeah that's a good deal. 40 rounds with shipping for under $600.

 

[Original_Intent]

Well, SLV is an ETF that is backed by physical silver. You can't exchange it directly like you could a futures contract. The thing is that it tracks spot minus fees compared to physical bought at a dealer that tracks spot + variable commission based on demand.

Buy SLV when silver spot is low (this is when demand is highest as are commissions)

When SLV goes up, demand for physical silver falls as do commissions due to lack of demand.

Sell your SLV position and exchange the cash for physical silver.

Viola.

The only way you get screwed is if price goes up and demand goes crazy.

Unlikely scenario but the way the markets have been I wouldn't rule anything out.

 

[Josh_LA]

$14.49/ea for Generic Rounds

http://www.bulliondirect.com/catalog/lp/Silver_Bullion_999pure_Bars_Rounds_(1.00_oz).html

I'd recommend Bullion Direct. Shipping/Processing may take a bit longer but it's worth it if you're buying large quantities.

waiting time is time you can be selling it off.

 

[Josh_LA]

Actually, it looks like it's pretty much a wash at these lower amounts.

Scottsdale Silver:
10 Silvertowne 1 Ounce Silver Bullion Bars at $163.99 ($16.40 per bar) free shipping (Note: I didn't see rounds on their site)

APMEX:
Buffalo silver rounds at $15.17 per round + shipping. To compare apples to apples, 10 of these rounds would cost $151.70 + the $9.95 shipping charge. Which works out to $16.17 per round.

Looks to me like APMEX is still cheaper.

I believe scottsdale has another 1% at 4 10oz bars
http://www.scottsdalesilver.com/product_p/as-10.htm

To compare apples to apples, maybe we should look at 10 oz bars vs 10 oz bars.