Godlike Productions - Conspiracy Forum
Users Online Now: 2,136 (Who's On?)Visitors Today: 1,334,621
Pageviews Today: 1,664,265Threads Today: 329Posts Today: 5,221
12:10 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

How to buy silver for less than spot.

 
Anonymous Coward
User ID: 1195413
United States
03/23/2011 12:59 PM
Report Abusive Post
Report Copyright Violation
How to buy silver for less than spot.
Im done accumulating silver for now, so I thought Id let you guys know how I have been buying silver for less than spot.

STERLING SILVER FLATWARE
Sterling silver is 92.5% silver and 7.5% other metals (typically copper).

On eBay, sterling silver flatware auctions are often won at a price less than spot. Bidding activity has increased in the last weak, now that silver has had its itsy-bitsy pullback, so it will sell closer to spot, if not at spot. But when silver takes a dip, the bidding activity decreases and that is when you can pick up silver very easily at less than spot.

To put this in perspective, a Silver Eagle at APMEX is currently selling for $42.65 for quantities less than 20. The spot price is around $37.15. This calculates to 15% over spot and that is not counting the S&H premium APMEX charges.
Punk-A$$ets

User ID: 1107017
United States
03/23/2011 01:06 PM

Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Smart. Some of these nutters here will tell you that no one wants sterling. One of the dumbest things i have ever heard. Your method guarantees you more profit per ounce than any bullion item will ever make.

Generate that wealth!

Good on ya!

rockon
Gold Prices:

12/31/2000 - $273
12/31/2005 $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204
12/31/2014 - $1,184
12/31/2015 - $1,061

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward (OP)
User ID: 1195413
United States
03/23/2011 01:11 PM
Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Coming from you, I take that as an "extreme" compliment.
Anonymous Coward
User ID: 1273727
United States
03/23/2011 01:12 PM
Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Smart. Some of these nutters here will tell you that no one wants sterling. One of the dumbest things i have ever heard. Your method guarantees you more profit per ounce than any bullion item will ever make.

Generate that wealth!

Good on ya!

rockon
 Quoting: Punk-A$$ets


yeah but where do you sell it?

Holding bullion is one thing-

Holding flatware is just wierd lol-

so I'd have to trade it for FRNs and convert those to bullion.

where do you sell stirling?
Punk-A$$ets

User ID: 1107017
United States
03/23/2011 01:15 PM

Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Smart. Some of these nutters here will tell you that no one wants sterling. One of the dumbest things i have ever heard. Your method guarantees you more profit per ounce than any bullion item will ever make.

Generate that wealth!

Good on ya!

rockon
 Quoting: Punk-A$$ets


yeah but where do you sell it?

Holding bullion is one thing-

Holding flatware is just wierd lol-

so I'd have to trade it for FRNs and convert those to bullion.

where do you sell stirling?
 Quoting: Anonymous Coward 1273727


EBAY!

Buy it for well under spot on ebay and put in up for sale again. Its a dealer dream really. I always said i cant believe there arent more dealers out there.

I'm not kidding when I say buyers are starving for material.

The ONLY reason I cant make more money is I cant find enough material.
Gold Prices:

12/31/2000 - $273
12/31/2005 $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204
12/31/2014 - $1,184
12/31/2015 - $1,061

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1094810
Canada
03/23/2011 01:17 PM
Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
yes, I regularly buy all sorts of items that are sterling off of kijiji and Craigslist. People sell off inhereted items like flatwear, tea sets, old jewelery etc. for cheap when you factor in the high price of silver.
Punk-A$$ets

User ID: 1107017
United States
03/23/2011 01:19 PM

Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Coming from you, I take that as an "extreme" compliment.
 Quoting: Anonymous Coward 1195413


Hey, you really have something good here. If a person has 100 oz of sterling they have 92.5 oz of silver every time. Put 100 oz lots up for bid and add "92.5 oz of pure silver" in the title and work that sale!

The larger the lot, the bigger your profit. At 200 oz you are at over $7500 which brings ebay and paypal fees down to 5 or 6% combined.

Last Edited by Punk-A$$ets on 03/23/2011 01:20 PM
Gold Prices:

12/31/2000 - $273
12/31/2005 $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204
12/31/2014 - $1,184
12/31/2015 - $1,061

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Punk-A$$ets

User ID: 1107017
United States
03/23/2011 01:21 PM

Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
yes, I regularly buy all sorts of items that are sterling off of kijiji and Craigslist. People sell off inhereted items like flatwear, tea sets, old jewelery etc. for cheap when you factor in the high price of silver.
 Quoting: Anonymous Coward 1094810


Damn right they do. I went to get my hair cut and the elderly lady was telling me how she goes into thrift shops and picks it up for pennies on the dollar.

Last Edited by Punk-A$$ets on 03/23/2011 01:21 PM
Gold Prices:

12/31/2000 - $273
12/31/2005 $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204
12/31/2014 - $1,184
12/31/2015 - $1,061

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1309758
United States
03/23/2011 01:22 PM
Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Coming from you, I take that as an "extreme" compliment.
 Quoting: Anonymous Coward 1195413


Hey, you really have something good here. If a person has 100 oz of sterling they have 92.5 oz of silver every time. Put 100 oz lots up for bid and add "92.5 oz of pure silver" in the title and work that sale!

The larger the lot, the bigger your profit. At 200 oz you are at over $7500 which brings ebay and paypal fees down to 5 or 6% combined.
 Quoting: Punk-A$$ets


the knife blades are rarely 92.5 sterling...
Punk-A$$ets

User ID: 1107017
United States
03/23/2011 01:27 PM

Report Abusive Post
Report Copyright Violation
Re: How to buy silver for less than spot.
Coming from you, I take that as an "extreme" compliment.
 Quoting: Anonymous Coward 1195413


Hey, you really have something good here. If a person has 100 oz of sterling they have 92.5 oz of silver every time. Put 100 oz lots up for bid and add "92.5 oz of pure silver" in the title and work that sale!

The larger the lot, the bigger your profit. At 200 oz you are at over $7500 which brings ebay and paypal fees down to 5 or 6% combined.
 Quoting: Punk-A$$ets


the knife blades are rarely 92.5 sterling...
 Quoting: Anonymous Coward 1309758


Yes, I realize there is variation. Old world coins vary greatly too, one just needs to divy it up and label it correctly.
Gold Prices:

12/31/2000 - $273
12/31/2005 $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204
12/31/2014 - $1,184
12/31/2015 - $1,061

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.


News