Long Position on Silver and Gold?

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Originally Posted by Sawin

I just buy bullion rounds or ingots from coin shops in the metro area, the silver guy at the tanner shows, or from www.coin-rare.com.

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i've done that but as mentioned 10-20% above spot doesn't appeal to me then when i sell it's 10% below spot.

Silver lower would be bad ass!!!!!! Best of bolth worlds guns and P-metals.

The cheapist I can find eagles locally is 3$ over. That is what I get 90% of the time.

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Originally Posted by 10mm-man

That is not a bad idea! That would be one pricey lower...... Actually workable? Or in an 80% lower?

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It'd be cheaper to produce a 100% lower, no? 80% lower gotta be at least 10oz heavier.

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Originally Posted by 10mm-man

i've done that but as mentioned 10-20% above spot doesn't appeal to me then when i sell it's 10% below spot.

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Who said anything about selling? http://www.coin-rare.com/silver-bars-1oz.aspx These are $1 over spot for a single ounce ingot....Dependent upon quantity, weight, payment method and shipping, they can be another couple dollars higher per ounce, but I hate to tell you, you won't be finding any from dealers/websites for less than a couple bucks over spot... if you do, please inform me. 2-3 over spot is the norm in my experience.

Weight of a stripped lower is roughly 9oz... $270 in silver, can probably retail for $500 as serialized collectible.

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Originally Posted by ChunkyMonkey

Weight of a stripped lower is roughly 9oz... $270 in silver, can probably retail for $500 as serialized collectible.

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Easily. I bet if you put one unique one out on gunbroker to whet the whistle of the public, it would sell for at least 5x that. Imagine, the very first solid silver stripped lower at auction? Did you see the AR10 that went for over $136,000? http://www.gunbroker.com/Auction/Vie...Item=322196026

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Originally Posted by beast556

Silver lower would be bad ass!!!!!! Best of bolth worlds guns and P-metals.

The cheapist I can find eagles locally is 3$ over. That is what I get 90% of the time.

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That would be ok IMO. mind sharing were i can get them? PM me if you don't want to post. thanks!

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Originally Posted by Sawin

Easily. I bet if you put one unique one out on gunbroker to whet the whistle of the public, it would sell for at least 5x that. Imagine, the very first solid silver stripped lower at auction? Did you see the AR10 that went for over $136,000? http://www.gunbroker.com/Auction/Vie...Item=322196026

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It depends on who produce/certify it. Contact Ted Nugent and call it Nugent's Nugget w/ his signature on the silver lower, now you are talking!

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Originally Posted by ChunkyMonkey

Weight of a stripped lower is roughly 9oz... $270 in silver, can probably retail for $500 as serialized collectible.

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I think regular lowers are going for that now! lol... Keep in mind it would have to be billet, which equals waste. Of course the shavings could be recycled but I am thinking it would cost more than $500 retail.... Could be wrong- I'll pass it along to the machinist when I get some time.

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Originally Posted by ChunkyMonkey

It depends on who produce/certify it. Contact Ted Nugent and call it Nugent's Nugget w/ his signature on the silver lower, now you are talking!

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I wouldn't wipe my A%& with Nugent's signature...........