Expired Hot Deals

3 Day Sale on 10 oz. A-Mark Silver Bars

  • Last Updated:
  • Sep 13th, 2013 12:09 pm
[OP]
Newbie
Jun 4, 2013
22 posts
4 upvotes

3 Day Sale on 10 oz. A-Mark Silver Bars

Deal Link:
Price:
$1.10
Expiry:
September 16, 2013
Just got an email update from Cache for a 3 day sale on A-Mark 10 oz Bars. Silver is also down today, so its quite the savings for all of us Silver Bugs. $1.1 on silver spot.
https://www.cachemetals.com/store/shop/ ... silver-bar
17 replies
Deal Addict
User avatar
Dec 25, 2010
1319 posts
76 upvotes
Mississauga
A really stupid question, if I may: They offer different suppliers of these bars, does it really matter in quality/purity between them ?
Thanks.
It is better to keep your mouth shut and be thought a fool than to open it and remove all doubt (Mark Twain) Assumption is the mother of all "foul-ups" (Under Siege 2: Dark Territory 1995) None of us knows anything, not even whether we know anything or not (Metrodorus of Chios, 4th century BC)
Deal Addict
Jun 6, 2007
1025 posts
138 upvotes
KINGSTON, Ontario
Shipping is $20 and insurance is 0.5% of value.
Deal Addict
Jun 6, 2007
1025 posts
138 upvotes
KINGSTON, Ontario
An order under $20,000 permits use of credit card.
Deal Addict
User avatar
Dec 7, 2005
3812 posts
4596 upvotes
somewhere in B.C.
a guy named stusilver is talking about silver ... hmmmm
Penalty Box
User avatar
Apr 25, 2013
7398 posts
1325 upvotes
This is confusing, is it $241.82/10oz bar ?
What is it with the $1.10 or $23.09 spot price, is this really $1.10 off the market price for an ounce of silver ?
Jr. Member
Apr 18, 2013
154 posts
18 upvotes
EdT586 wrote: This is confusing, is it $241.82/10oz bar ?
What is it with the $1.10 or $23.09 spot price, is this really $1.10 off the market price for an ounce of silver ?
It's $1.10 over the spot price per ounce of silver (so spot + $1.10). This is pretty low, especially these past few months with most premiums running a minimum of $2 over spot. More for government minted coins. The premiums cover the processing of ore and manufacturing the silver into coins, bars and rounds.
Banned
Oct 19, 2010
7433 posts
1141 upvotes
Mississauga East
I wonder if STUSILVER works for the company.

The processing fee is covered by the fact that ROCK costs $0.
So getting rock processed goes from a value of $0 to $22 covers the processing fee

The fee over the spot price is the money that goes to the middlemen.

Look at the Canadian Mint 100 oz bar

Spot Price (CAD) = $23.01
Buy 1-99 for $2,450.28 ea

So the middleman is making $150 off the deal.

BUT the middleman also probably bought the metal months ago when it was cheaper and so he is earning the appreciation plus the $150
Jr. Member
Apr 18, 2013
154 posts
18 upvotes
zz000ter wrote: BUT the middleman also probably bought the metal months ago when it was cheaper and so he is earning the appreciation plus the $150
That's not normally how it works unless the dealer is stuck with paid stock due to errors or cancellations. Way too much risk involved in trying to hedge the spot price.

What dealers do is place a put option on the silver market the instant you purchase, so they lock in the same number of ounces of replacement silver at the same spot price they're offering you. They send you your coins/bars and then when they need to restock they trade those options back for more physical silver. No matter how spot moves between you buying and them restocking, their loss/gain on spot stays at zero.

They make their money on the premiums over spot at the time of sale, some of which goes to the mint that produced and transported the bullion to the dealer.
Sr. Member
Feb 27, 2003
504 posts
105 upvotes
When I visit https://www.cachemetals.com/store/ on the left sidebar I see spot price for silver listed at $21.84 and in the content area of the page below each silver product it's listed at $22.78, am I missing something?

Perhaps it's a currency discrepancy but when I check other sites such as http://www.24hgold.com/english/gold_sil ... e&p=argent I can see silver listed at $21.83 USD / $22.54 CAD
Jr. Member
Apr 18, 2013
154 posts
18 upvotes
camt wrote: Perhaps it's a currency discrepancy but when I check other sites such as http://www.24hgold.com/english/gold_sil ... e&p=argent I can see silver listed at $21.83 USD / $22.54 CAD
They're probably passing currency conversion fees across in the price. I know Silver Gold Bull does the same thing- the $CAD "spot" price on their site is higher than Kitco's because they include the fees.
Banned
Oct 19, 2010
7433 posts
1141 upvotes
Mississauga East
Ebayonly wrote: What does it matter? It's a legit site selling legit products. At a reasonable price what grounds do you have to raise that suspicion?
Isn't it against the rules to advertise your own store without paying advertising fees to RFD?

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