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5

Buying gold and silver without paying a premium?

submitted by IwuvU to AskUpgoat 3.3 yearsFeb 12, 2022 08:34:16 ago (+5/-0)     (AskUpgoat)

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.


19 comments block


[ - ] 1Icemonkey 7 points 3.3 yearsFeb 12, 2022 09:15:52 ago (+7/-0)

Buy lead and brass. It’s what will save your life in the coming years.

[ - ] JewNitedStates 0 points 3.3 yearsFeb 12, 2022 09:25:32 ago (+0/-0)

How so?

[ - ] IwuvU [op] 3 points 3.3 yearsFeb 12, 2022 09:35:53 ago (+3/-0)

Lead has good antimicrobial properties so it's good at stopping covid-19.

[ - ] JewNitedStates 1 point 3.3 yearsFeb 12, 2022 09:45:57 ago (+1/-0)

Yeah, that remaining 0.03% chance of dying is definitely concerning enough to stock up on lead.

[ - ] Hobama 3 points 3.3 yearsFeb 12, 2022 13:19:44 ago (+3/-0)

Whoosh

[ - ] JewNitedStates 1 point 3.3 yearsFeb 12, 2022 13:35:18 ago (+1/-0)

Tehe r/whooooosh xD big chungus yikes

[ - ] Yargiyankooli 0 points 3.3 yearsFeb 12, 2022 16:47:45 ago (+0/-0)

You are reddit

[ - ] Qwertytoal 1 point 3.3 yearsFeb 12, 2022 13:51:01 ago (+1/-0)

He's talking about bullets

[ - ] JewNitedStates 1 point 3.3 yearsFeb 12, 2022 14:53:32 ago (+1/-0)

Gotcha.

[ - ] MasterAce 3 points 3.3 yearsFeb 12, 2022 10:28:07 ago (+3/-0)

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.

[ - ] lord_nougat 1 point 3.3 yearsFeb 12, 2022 13:46:37 ago (+1/-0)

Plunder yer treasure!

[ - ] account deleted by user 1 point 3.3 yearsFeb 12, 2022 13:04:29 ago (+1/-0)

account deleted by user

[ - ] Qwertytoal 1 point 3.3 yearsFeb 12, 2022 13:52:02 ago (+1/-0)

You gain eBay bucks by buying certain sponsored items. Kind of like coupons which yiu can then spend on the silver or gold auctions.

[ - ] FluffyBunnySlippers -3 points 3.3 yearsFeb 12, 2022 11:15:36 ago (+0/-3)

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

[ - ] Qwertytoal 1 point 3.3 yearsFeb 12, 2022 13:53:01 ago (+1/-0)

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

[ - ] FluffyBunnySlippers 0 points 3.3 yearsFeb 14, 2022 23:56:25 ago (+0/-0)

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

[ - ] IwuvU [op] 0 points 3.3 yearsFeb 12, 2022 13:02:16 ago (+0/-0)

Where do you put your money into tough guy?

[ - ] FluffyBunnySlippers 0 points 3.3 yearsFeb 14, 2022 23:58:27 ago (+0/-0)

I don’t particularly worry about shtf because I plan to just eat city dwellers when they flee.