silver bars for 42 dollars per ounce, good or bad
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  1. #1
    us
    Apr 2010
    588
    58 times

    silver bars for 42 dollars per ounce, good or bad

    My friend is selling 4 / 10oz bars for 42 per oz. would you buy?

  2. #2
    us
    Jul 2010
    New Hampshire USA
    Fisher F70
    1,127
    73 times
    Metal Detecting

    Re: silver bars for 42 dollars per ounce, good or bad

    I'd buy them all in a second if I could afford them.

    Silver is at $44.03 right now.

  3. #3
    us
    Jul 2010
    Garrett Ace 250, Bounty Hunter Quick Draw
    1,371
    273 times
    Coin roll hunting, British coins, ancient coins, antiquities

    Re: silver bars for 42 dollars per ounce, good or bad

    Anytime you can get silver for substantially less than spot, buy it (assuming of course you think that silver prices are going to go up like they have been and not crash).
    Speeding up Gresham's law one roll at a time

  4. #4
    us
    Mar 2010
    Colorado Springs CO.
    Bounty Hunter QS
    4,386
    18 times

    Re: silver bars for 42 dollars per ounce, good or bad

    buy buy buy! keep it up and hh!
    CHAINCHOMP

  5. #5
    us
    Bullionaire

    Apr 2010
    a piece, fisher f75
    541
    39 times
    All Types Of Treasure Hunting

    Re: silver bars for 42 dollars per ounce, good or bad

    Broseph, $2 something under spot....jump on it. Silver will be $50 within 30 days
    Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.
    -Dietrich Bonhoeffer

  6. #6
    us
    Feb 2010
    Dallas,GA
    Garrett Ace 250
    467
    1 times

    Re: silver bars for 42 dollars per ounce, good or bad

    I would buy it without hesitation. However if this is something you want to get out of in a hurry if you need to 1 oz rounds and bars are better. 10 oz bars take a lot of buyers out of the loop due to needing $400+ for 1 piece.
    2010 Totals
       1964 Ken 185 , 40% Ken 1605, Ben 48, WLH 17, Barber 1
    90% Proof 13, Proof 180, Other/Comm 13 , silver comm 2
         Merc 2, Roos 24, Canadian 1
          War Nickel 6, Silv Wash 7 Grand total 2010 silver keepers= 1911 keepers

  7. #7
    mts
    mts is offline
    us
    May 2009
    Tesoro Vaquero, Tesoro Silver ÁMax, BH Tracker IV, Garrett ProPointer
    1,179
    6 times

    Re: silver bars for 42 dollars per ounce, good or bad

    Keep in mind that 10 ounce bars are easier to tamper with by drilling and filling with something other than silver. It may not be a concern for you due to the fact that you are buying from a friend. But that friend also had to buy them from somewhere so be sure to inquire as to where he got them from. Also, future buyers may be wary of buying such large bars from you for the very same reason.

    For the small number that you are buying you probably don't have much to worry about. But in general, I tend to stay away from 10 ounce and larger bars due to the fact that if it is fake, you can lose a lot more money on the deal. Diversification is the best bet to protect yourself.

  8. #8
    Charter Member
    us
    Oct 2009
    Florida- Somewhere in the middle
    MXT 300/Excal II/Surf Dual Field
    1,212
    2 times
    All Types Of Treasure Hunting
    Banner Finds (1)
    Honorable Mentions (1)

    Re: silver bars for 42 dollars per ounce, good or bad

    I watched an epay seller get $57 for one, yes ONE, Stagecoach divisible bar (same thing as the 175 I bought and my wife bought 300) when spot was at $42... I couldnt believe it... Tempts me to start selling them, but I would be selling something I bought for when the SHTF... I would just spend the money anyway, so I will hold.
    But if it hits $75 or higher, I will probably sell 75 oz, I would still have 100 oz and the profit would about pay for the 100 I would hold...
    I bet that with silver hitting these highs, JP Morgan/Chase is feverishly working on trying to manipulate a price drop to protect their short.. Where is our beloved Senator Weiner now?? Remember a few months back when he started his little investigation to prove that Glenn Beck was a cohort in the exploitation of the gold selling?
    That guy (Mr. Weiner) sure lives up to his name...
    You never think you need an extra machine, until the one you have breaks down...

 

 

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