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Silver trade

Discussion in 'Financial Cents' started by Nomad 2nd, Nov 4, 2008.


  1. Nomad 2nd

    Nomad 2nd Monkey+++

    Anyone know where/how/who with I could trade a 1,000 oz bar of silver for smaller denominations?
     
  2. E.L.

    E.L. Moderator of Lead Moderator Emeritus Founding Member

    I doubt it, not without taking a hit. That must be one hell of a bar. I have a 10 ounce, but a 1000. Impressive looking it must be.
     
  3. enough

    enough Monkey++

    while I have not used the nucleo exchange on Bulliondirect.com, you might want to check that out. It appears to be easy to use, and secure.

    also, I doubt that you'll take much of a hit, as street/retail prices are WAY above spot. Maybe you could sell a couple rounds or bars first, to make sure you like how the system works.

    Good Luck. I wish I was holding a 1000 oz. bar. [beer]
     
  4. Nomad 2nd

    Nomad 2nd Monkey+++

    ...I'm not holding... but I can get it cheap...

    I'm checking to make sure I can move it.
     
  5. enough

    enough Monkey++

    I see four 1000oz bars on ebay right now. Ranging in price from $11,595 to $15,750, or something like that.

    I've dealt with some pretty large $$$ transactions on ebay and I'm okay with it. Over the years, I have done around 1000 transactions and I have only had to pursue one bad seller/bidder, and it was taken care of by paypal. I bought an $800 bike and they seller never shipped it.

    The key to successful transactions on ebay are incredibly detailed postings, and EXTREMELY detailed seller's rules. I never sell outside of the CONUS, and I only take paypal now. When a large $$ sale is paid, I pull the money out of the account. I leave no way for a chargeback.

    Just out of curiosity, how good of a deal are you getting? ;)
     
  6. enough

    enough Monkey++

    <table class="tableRightSideFieldConainer" width="100%" border="0" cellpadding="5" cellspacing="1"><tbody><tr><td width="50%" align="center" nowrap="nowrap">[SIZE=-1] Bid [/SIZE]
    [SIZE=-2]
    Quantity @ Price each [/SIZE] </td> <td width="50%" align="center" nowrap="nowrap"> [SIZE=-1] Ask [/SIZE]
    [SIZE=-2]
    Quantity @ Price each [/SIZE] </td> </tr> <tr> <td valign="top"> <table class="standardText" width="90%" border="0" cellpadding="0"> <tbody><tr> <td align="right"> 50</td> <td align="right"> $11200.00</td> </tr> <tr> <td align="right"> 10</td> <td align="right"> $6300.00</td> </tr> </tbody></table> </td> <td valign="top"> <table class="standardText" width="90%" border="0" cellpadding="0"> <tbody><tr> <td align="right"> 1</td> <td align="right"> $14145.00</td> </tr> <tr> <td align="right"> 1</td> <td align="right"> $14800.00</td> </tr> <tr> <td align="right"> 1</td> <td align="right"> $14900.00</td> </tr> <tr> <td align="right"> 1</td> <td align="right"> $15100.00</td></tr></tbody></table></td></tr></tbody></table>
    Here is what they are bidding on the small exchange board that I noted earlier.
     
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