My friend bought some gold and silver recently. At the time the prices were:
Gold: $1800oz Silver: $22oz
And zim paid:
$1890 for an ounce of gold $155 for 5oz silver (*6 bars)
For a total overhead in taxes/dealer-profit of about $400 for about $2500 in real money.
How my friend get those overheads down? What if one desires to trade $500 afghan gender study bucks for silver? What about $1000? Because I think it costs more when you buy a bunch of small bars as opposed to a larger bar (100oz bar cheaper than 10 10oz bars?)?
I don't wanna get me pants pulled over me head on the price.
Check spot you’ll pay a bit over spot for physical. You’ll save on 100oz bars over 1oz wafers but 100oz bars aren’t easily traded so you’ll have to have big and small.
[ - ] germ22 1 point 3.3 yearsFeb 12, 2022 15:32:08 ago (+1/-0)
Go directly to the mines if you can. I bought from First Majestic before. At the time they sold the once only a little over spot price, still cheaper than most silver dealers online and in real life.
He’ll also get raped when it comes time to sell even if it turns out his gold that he bought isn’t fake. The reason for this is because they are shitty investments
You do realize the majority of people here who wish to buy precious metals are planning to use these metals as currency when either shit hits the fan mad max style or the American dollar finally dies
If shtf, modern societal failures demonstrate that there are many useful products where you wont get raped on the buying and selling of then if s doesn't htf like ammo, lighters, hard alcohol, etc. Hell, a whiskey collection actually appreciates with age beyond inflation. Sell your old stock, buy new and repeat
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You’ll save on 100oz bars over 1oz wafers but 100oz bars aren’t easily traded so you’ll have to have big and small.
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