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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (10129)	3/15/2004 9:07:58 AM
From: Louis V. Lambrecht	Respond to of 110194

No ideas really. Not for the short term or trading that is. For the longer term (silver price recognition) IMO, it would be better to make contacts with the smelters. Had good contact with the local Johnson Matthey agency some years ago. You can buy half products (or even bars, mostly cheaper than at dealers: jump over the middleman). Spread will be wider when you'll want your money back. Unless you'd find a dealer to trade with. But I am describing a business as any other here. Scrap is another way to go: I guess scrap will be bid up faster than "paper" LBMA or COMEX bullions. In all cases, I would go for "industrial" forms of silver and for the long term. For the shorter term, I risk the equities (SSRI, PAAS): there always are new bidders when the prices are high <ng>.

To: russwinter who wrote (10129)	3/15/2004 10:16:50 AM
From: jackjc	Respond to of 110194

Russ; Perth Mint in Australia, allocated storage, cost used to be 2.5%/yr storage. Gov guarantee. Spot prices.

To: russwinter who wrote (10129)	3/15/2004 11:22:37 AM
From: Umunhum	Respond to of 110194

<the Comex was a farce (just a paper market) as far as having and delivering actual product. So this might suggest that finding real bullion somewhere, that could be stored and traded with small spreads is the way to go. Ideas? > Monex trades the physical metal. They sell 1000 ounce bars at 10 cents over spot plus 1.5% commission. They charge about $4 per bar per month storage fee. They will also finance up to 80% of your purchase at 7% interest. I purchased 1000 ounce bars and then converted them over to 100 ounce engelhard bars and then took physical possession. The guy I dealt with was a little less than honest about the conversion fee so in the future I am going to get everything in writing before I purchase anything from them. They don’t want you to take the metal away from them. (I believe they want to collect a commission on both sides of the transaction)After everything was said and done I paid 35 cents over spot for 100 ounce bars. I had to complain to the manager to get that price. Monex is a reputable company. I think I just got a bad representative. I don’t think that I would have had problems if I didn’t want to take delivery. If you just want to trade, then the comex is the way to go because there is no spread. For 100 ounce bars you will pay 35-45 cents spread over spot. I’ve been told that you can get sunshine bars for 25 cents over spot but then when you turn around to sell them they go for less than spot - so Engelhard or Johnson Matthey is the way to go.