Quote:
Originally Posted by arock10
Why are you paying $39 for a half of an oz of silver? An oz of silver is $33 according to the internet
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Sure .... SPOT price is $33.64 ... then add approx 10-15% dealer fee per ounce, shipping, and minimum purchases of $250, or $500, or $1000, or 60 ounces, depending on the mint/dealer you are buying from ...
Bottom line is you are not getting silver for $34 an ounce.
The Royal Canadian Mint (mint.ca) allows single purchases, and their half ounce bullion coins are selling for anywhere from $29.95 to $69.95 (only the Chinese New Year coin is on sale for $29.95, but the rest of their coins start at $34.95 for a half ounce of .999 silver). Add shipping and handling to that, and you easily will pay $39+. Silver purchased today is for April delivery. (I know for fact, because I made a purchase on Friday from Kitco.)
Both Kitco and APMEX have minimum purchases and dealer markups ... so to buy silver from either place is going to cost you at very least $250.00 + insurance + shipping.
When buying silver from
SilverSnowball, you pay $39 for a half ounce, but then you earn a FREE half ounce round as commission for every 2 rounds sold from your personal website (Which they give you for FREE ..), or you can choose a cash payout option, but kinda defeats the purpose of collecting silver IMHO ...
SilverSnowball has minted their own exclusive WALKING LIBERTY 4-bit silver round, and has their own silver stockpile, so
the silver you buy today, is shipped tomorrow. They charge a flat rate $6.00 per order (1-50+ rounds) to more than 30 countries.
Lets take the month of January. I bought 1 round for $39.00, and I earned 15 rounds of bonus silver for selling 30 rounds from my website ... so for $45.00 including shipping, I received 8 troy ounces of .999 pure silver Walking Liberty 4-bit rounds.
I have had extensive phone conversations with the founder of SilverSnowball, and picked his brains and asked all the tough questions too .... I am no spring chicken looking to make a fast buck. If I for one minute thought this program was not above boards, I would not be promoting them, and endorsing them with my company in my signature.
I can talk until I am blue in the face, but if you are at all interested in an alternative way that you can expose yourself to the silver market without having to lay out hundreds of dollars at a time, and have your own silver business -- then you should click the link, read all you can, and even contact SilverSnowball if you have more questions. Ed Freeman posts his personal phone number on the website.