Local shop was flush with eagles today, glad I went shopping this morning instead of this afternoon. Anybody else stacking today?
Ordered from apmex a couple of weeks ago. They had a special on Sunshine rounds at 99 cents over spot. I don't buy until I receive a previous order. Got burned a couple of years ago from NWT. Took them over 6 months to deliver. Once I get my order (personal check takes days to clear), I'm on the hunt for more stacking.
4-5 oz. depending on spot. Local store and paying cash.
I have bought many, many rounds and even a bag of junk silver coins at NWT Mint. It's nice to present them with cash at their sales office in Federal Way, WA. It's satisfying to stagger out of the place with a canvas bag of the good stuff weighing me down like a fine meal.
However, I've heard a few stories about NWT Mint with delays when using the mail for delivery. All I can say is that they're great in person, where fiat is swapped for metal.
Since my postal person once delivered a signature only package to a house a couple of blocks away, I don't trust the USPS to bring my precious. And I don't really want metal with a paper tail. Who knows when the "good guys" might someday consult the integrated data base to get unsafe guns and precious metals away from insane terrorists like myself.
Also, who knows just what the half-life of a postal insurance registration is?!
We can't always get it locally for the cash-no-paper-trail... we do when we can... but we've also used Provident (seems to have better prices than Apmex)... and we've never been disappointed...
stack! stack! stack!
I like the good old cash and carry way, seems the bast way for me.
I do worry about being robbed once in a while but so far so good.
Sadly, I have seasonal expenses in the summer time that prevent me from stacking much silver around now. It'll be August before I make my next major purchase :(
I'll still be making small purchases this month and next. Probably from my local coin shop, or maybe APMEX if they hit me with another good sale. Something tells me those are out the window at the current price levels, though.
Before I left the states a while back, I went in to pick up a few rounds of Gold eagles and couldn't find any at my local store, Silver was totally sold out also- finally had to drive over 80 miles to Tucson Az to pick a few Ozs of both. paid about $60 over spot for gold $3 over spot for Silver. Talking to the locals here in Yokohama, the closest place to really get any deals on PM here in Japan is in Tokyo, but the premiums not so bad over here , & I don't have to worry about big brother looking over my shoulder to see what and how much I am buying.
I'm new to silver investing, so I was wondering...If you had to stop stacking do to limited funds (among other things), what would be a good number to stop at? My thought is around 1000 oz. Any other thoughts? Thanks.
200oz is probably enough to save your ass. 1000oz should be enough to make you quite wealthy. If you get the trades after that right (IMO silver for gold during an industrial panic, and gold for equities and RE after the collapse), that amount will take you right up the ladder to the top social class.
Not too bad...0.99 over spot sale...
Is a round a round? or will Silver Eagles be 'worth more' than Apmex minted rounds always?
Was a bonanza this week at a going out of business sale for a local coin store. Only silver he had left were many 10 Oz JM struck bars at spot, but many AGE at spot+5%. Stack on! But unfortunately, now my dealer is gone.... ~65 miles to the next one... Stacking road trips?! Sounds like a new getaway for a new world to me...
With the silver market seemingly riding the Kiddy Coaster the past few days. It looks as though the correction has been made. Anyone else? At the close of the day, possibly sooner, I am going to lock in for another roll of twenty ASE plus whatever it takes to get past that $1000.00 tax barrier to be picked up tomorrow. This will be my bi-monthly purchase.
I find your reference to tax barrier($1,000) interesting. Others on this and a few other forums have also mentioned tax on the purchases. This is strange to me as I have not experienced that in any of my transactions. Provident, eBay, APMEX, Great Panther, First Magestic and a local dealer. I suggested to my local dealer that we were doing a 'money' exchange and that I was not buying merchandise and he agreed that there was no sales tax involved in a 'money' exchange. We viewed it as cash for cash. No checks and no charge card in my local transactions. Charge cards and debit cards take at least 3% from the merchant, I use cash for the small businessman because I want him to stay in business. As far as mail orders, I have used check, PayPal and a credit card. With out of state vendors dealing in bullion, none that I have dealt with have been collecting sales any tax.
I wonder if the sales tax is a common experience with others. Or have I just been lucky?
Most states have a transaction barrier above which no sales tax is charged on bullion purchases. Here in FL it's 500.00, I think 1500 in California and most other states are somewhere in between, some charge no sales tax. Must check local laws to be safe.
Good morning Poor Boy.
Here in Texas, purchasing PMs is just like any other commodity you might buy, food, hardware ect. Yet the tax law states if you purchase $1000.00 or more PMs, there is no tax. If I were to go right now and buy a roll of twenty at spot, the price would be $713.60 plus $3.00 commission. That would not be enough to make the purchase tax free. Therefore I would have to purchase another 5 or 6 coins to break that barrier. I also pay in cash and there is no record of the transaction. Just the way I like it.
I've been ordering through 'Kitco.' I find the prices are usually cheaper?
How come i don't see more people ordering from them? I am in Canada, maybe that makes a difference as it comes from Montreal office.
I am thinking...errr...am going to buy a roll of Australian Koalas...dont have any of those bad boys...