Blehhhh talks about bullion dealer's prices

[Blehhhh]

Decided not to get these bars.

The part in description were chards say they cant even figure out were they came from worries me.

Sounds like they are just pulling out old silver from somewhere and trying to flog.

[Kman]

 

6 minutes ago, Blehhhh said:

Sounds like they are just pulling out old silver from somewhere and trying to flog.

 

I can't work out what issue you're trying to raise with this?

[Blehhhh]

2 minutes ago, Kman said:

 

 

I can't work out what issue you're trying to raise with this?

No issue, to each their own. I just decided its priced a bit too high considering new bars can be got for similar when source is known.

[Kman]

1 minute ago, Blehhhh said:

No issue, to each their own. I just decided its priced a bit too high considering new bars can be got for similar when source is known.

Like at bairds? 😛 

[Blehhhh]

5 minutes ago, Kman said:

Like at bairds? 😛 

Well just for comparison. New kg bars are available at Chards for 20.47 Euro per oz.

New kg bars at Bairds are 18.3 per oz.

 

[LawrenceChard]

4 hours ago, Blehhhh said:

@LawrenceChard, your new second hand bars seem to be incredibly good value and tax free!, worked out at about 16 euro an oz. 
Blowing Bairds away. What am I missing here?

I'm trying to get my head around your paradoxical "new second hand"

If you post the link, I will have a look.

[Blehhhh]

1 hour ago, LawrenceChard said:

I'm trying to get my head around your paradoxical "new second hand"

If you post the link, I will have a look.

Problems of multitasking. What I meant is your "newly listed second hand bars". Use your noggin, its not that hard to get head around what I meant.

Anyway, where did ye pull these latest bars out of?

 

[Blehhhh]

4 hours ago, Danny-boy said:

I find this pretty unbelievable to be honest.

Bairds price for a 500g poured bar is £273.35 including VAT and delivery.

Atkinsons price for a 500g poured bar is £312.86 including VAT and delivery.

 

How are Bairds so cheap in comparison to everybody else?

 

Because other dealers are taking advantage of situation to rip people off. I've highlighted in other thread, doesnt go down well.

[LawrenceChard]

1 hour ago, Blehhhh said:

Problems of multitasking. What I meant is your "newly listed second hand bars". Use your noggin, its not that hard to get head around what I meant.

Anyway, where did ye pull these latest bars out of?

 

Yes, I did work out what you meant, but like a little fun.

Do me a favour though, and specify the URL (page) they were on, instead on making me search for it.

[Blehhhh]

Just now, LawrenceChard said:

Yes, I did work out what you meant, but like a little fun.

Do me a favour though, and specify the URL (page) they were on, instead on making me search for it.

Here you are, was nearly going to take a couple but was thrown off when origins of bars is unclear.

https://www.chards.co.uk/990g-silver-bar-pre-owned/10587

[Darr3nG]

Payday, next week - I have my eye on them. For once I'd like Silver spot to drop a few points  

[ChrisSilver]

2 hours ago, Blehhhh said:

Because other dealers are taking advantage of situation to rip people off. I've highlighted in other thread, doesnt go down well.

Or just because Baird's have control of their whole supply chain. They buy silver scrap, they then refine it themselves, produce bars in house and then sell it themselves direct to the end consumer.

Other bars that UK dealers sell that are imported from outside the UK have transportation costs built into the price as well as other factors. For a fairer comparison the exact same item needs to be compared. I do not think dealers are trying to rip people off. As previously stated dealers generally operate on very small margins. Demand is currently extremely high due to the current market conditions, these are unprecedented times and supply is almost non existent. If demand outstrips supply prices will inevitably rise, this is how markets work and how the current situation is working, as supply has dropped off as the production of bars and coins has been greatly limited / completely halted around the world.

I do not see any advantage of complaining about prices or what it adds to the topic, and now trying to make the topic here go off rail again. You should be happy that you can find silver at a lower price, rather than constantly complaining. 

I already started a topic just for you so that it didn't make another topic go off rail. If you wish to keep going on about prices please continue in the topic that was created for you: https://www.thesilverforum.com/topic/31548-blehhhh-talks-about-bullion-dealers-prices/

 

[Melon]

8 hours ago, Blehhhh said:

Of course they are ugly as ****, but does that matter.

I think it does matter. But not as much as the drop in premium 😄

8 hours ago, silverdocket said:

If it was gold it would... 990 just doesn't sound right... It's like looking at a cracker on tinder and some ugly bird turning up. 

The OCD in me I'd have to melt a few drops onto it to make it a kilo bar. Lol 😂

I decided to take those ugly birds home with me. Giggidy 🧐 

 

[silverdocket]

3 minutes ago, Melon said:

I think it does matter. But not as much as the drop in premium 😄

I decided to take those ugly birds home with me. Giggidy 🧐 

 

Didn't we all.... I remember one bird had more hair on her legs than me... Lol 😂

[Melon]

2 minutes ago, silverdocket said:

Didn't we all.... I remember one bird had more hair on her legs than me... Lol 😂

Haha 😄 I promise if either of the bars come with hair on them they'll be going straight back in the post. 

[Blehhhh]

37 minutes ago, ChrisSilver said:

Or it just because Baird's have control of their whole supply chain. They buy silver scrap, they then refine it themselves, produce bars in house and then sell it themselves direct to the end consumer.

Other bars that UK dealers sell that are imported from outside the UK have transportation costs built into the price as well as other factors. For a fairer comparison the exact same item needs to be compared. I do not think dealers are trying to rip people off. As previously stated dealers generally operate on very small margins. Demand is currently extremely high due to the current market conditions, these are unprecedented times and supply is almost non existent. If demand outstrips supply prices will inevitably rise, this is how markets work and how the current situation is working, as supply has dropped off as the production of bars and coins has been greatly limited / completely halted around the world.

I do not see any advantage of complaining about prices or what it adds to the topic, and now trying to make the topic here go off rail again. You should be happy that you can find silver at a lower price, rather than constantly complaining. 

I already started a topic just for you so that it didn't make another topic go off rail. If you wish to keep going on about prices please continue in the topic that was created for you: https://www.thesilverforum.com/topic/31548-blehhhh-talks-about-bullion-dealers-prices/

 

Sorry, didn't mean to derail. Was just responding, it's difficult not to bring up when they have best deals.

While I do agree with you to an extent on Baird's refining their own silver, I don't think it's that simple. They are consistently lower on other products that they don't mint themselves, e.g gold kuggerlands, pesos.

I believe some companies are pushing to get max profits. It's fair enough, they are a business but shows bad morals in such a time when so many are struggling.

[ChrisSilver]

17 minutes ago, Blehhhh said:

I don't think it's that simple

Precisely, and without a full understanding of the inner workings of a business it is impossible to make statements such as "dealers are taking advantage of situation to rip people off" based purely on the resale price. Even if the same item is being compared, a higher price from one dealer doesn't mean they have a higher margin, as their buying price could be different, and they could have different fixed and variable costs associated with selling those products. There are many different variables at play.

I've added recent posts into the other topic to tidy up the forum.

[Melon]

24 minutes ago, cinereus said:

Is that not worst than the 1kg?

I think he may have been quoting Euro. It was approx 15 GBP per oz. 

[Melon]

35 minutes ago, cinereus said:

@LawrenceChard you asked for more info. Here's another example. 

1000.00 grams exactly on that one! They must have got better at measuring over time 😄

[LawrenceChard]

16 hours ago, Blehhhh said:

Here you are, was nearly going to take a couple but was thrown off when origins of bars is unclear.

https://www.chards.co.uk/990g-silver-bar-pre-owned/10587

It does state on the page:

SCHEIDEANSTALT DR. BAUER WIEN

With a bit more research, we found the following address:

Dr. Erich Bauer Gesellschaft m.b.H. & Co. KG. Adresse. Pelzgasse 18. A - 1150 Wien

Metaltechnology Austria

None of us had the spare time to read more on the SCHEIDEANSTALT page.

Who knows, they may be very rare and desirable collectors bars, or they may be junk.

We only bought two.

[LawrenceChard]

2 hours ago, cinereus said:

@LawrenceChard you asked for more info. Here's another example. 

They also have other stamps:

Of course the famous Heimerle + Meule GmbH are German precious metal refiners and also have a presence in Wien and a relationship with Erich Bauer.

Someone mentioned H&M to me in the past few days, and it did not ring a bell with me, thanks, you have just done so.

...and I thought it was a fashion store!

[LawrenceChard]

14 hours ago, Blehhhh said:

e.g gold kuggerlands

 

Congratulations, you have managed to invent yet another alternative spelling of Krugerrand.

I think we have 46 listed on this page:

https://www.chards.co.uk/blog/krugerrand-spelling-and-misspelling/296

but I am sure we missed some out.

Many of them, we collected from e-mails, websites, and forums, but the SEO industry pays people to think up mis-spellings, although they possibly use A.I. to do so more efficiently.

Others possibly employ and infinite number of...

[LawrenceChard]

23 hours ago, Blehhhh said:

Explain yourself.

That's what I intend to ask God if I ever get to meet him.

If he, or she, is as smart as the stories say, he / she will already know that I know he / she does not exist.

Does that mean I will be talking to / starting an argument with myself?

[Roy]

28 minutes ago, LawrenceChard said:

Congratulations, you have managed to invent yet another alternative spelling of Krugerrand.

Ha ha! I used to collect diarrhoea, well misspellings of 😉

My favourite was dire rear

[Melon]

43 minutes ago, LawrenceChard said:

It does state on the page:

SCHEIDEANSTALT DR. BAUER WIEN

With a bit more research, we found the following address:

Dr. Erich Bauer Gesellschaft m.b.H. & Co. KG. Adresse. Pelzgasse 18. A - 1150 Wien

Metaltechnology Austria

None of us had the spare time to read more on the SCHEIDEANSTALT page.

Who knows, they may be very rare and desirable collectors bars, or they may be junk.

We only bought two.

If they do turn out to be rare and desirable let me know 😂😂

Incidentally it worked out cheaper to buy them separately as two orders than together due to postage. Not sure if that's some quirk of the post system like maybe going over a certain value threshold, but thought I'd flag in case it was a web glitch. Can't imagine your team enjoys packaging things twice! 👍