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Netnerd
Netnerd's Achievements
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SilverJacks reacted to a post in a topic:
Newbie Question
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Thank you for your advice it is much appreciated.
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Well from what I can see I would be out of pocket immediately if I purchased and it could well take a long time to actually make good on any investment if at all. Some 1kg bars seem to be £1,000 and over but yet with 35oz of silver in them it fails to make logical sense to me as a newbie.
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Question: In the UK it costs around £768 for a 1kg Silver Bullion bar including tax, with the current silver price at £16.90 the total value of the silver in the 1kg bar is £591.50 so that's £176.50 over the actual value of the bar. When selling a bar the dealers would only pay spot price so to get back to the point that you start the price of silver per Oz would have to rise by 50%+, therefore why is silver such a "good" investment?
