How often do you take Tolerance Break. Is it even worth it Lol.

[Repton1]

Does anyone know a shop which will purchase a silver bar? Struggling to find one, only gold. Much obliged. 

[Yellowtail]

How much do you have, and where are you? 

 

You might try Precision in Precious Metals Since 1928 | Morris & Watson (morrisandwatson.com) in Bangkok

 

 

[NativeBob]

Oh please! 
Bangkok Essay, they will buy at current value after testing. No brainer 

[connda]

4 minutes ago, NativeBob said:

Oh please! 
Bangkok Essay, they will buy at current value after testing. No brainer 

Not being the spelling police. In this case, spelling matter.
Bangkok Assay. 

[Repton1]

Brilliant thanks guys will give those a go 👍

[StandardIssue]

Just curious, but what are doing holding onto a bar of silver? for it to be worth anything I would think you'd need like 100 pounds of the stuff. I think a pound is worth around $500 USD right now. None of my business but if I was going to buy precious metal it would be gold and probably buy it as an ETF rather than hold physical metal. To each his own.

Edited September 15 by StandardIssue

[Dazinoz]

When I came to Thailand one of my investments was 4 x 100 ounce silver bars bought from a Singapore company.

 

Later on I tried to sell one bar in Chiang Mai. Took a Thai friend and visited many silver shops, no luck.

 

Contacted company I purchased from and they would buy back. Then came the problem of shipping it back, no one wanted to do it. The only company I found wanted an enormous insurance premium. In the end I booked a flight to Singapore, sold them back and flew back.

[Yellowtail]

10 hours ago, connda said:

Not being the spelling police. In this case, spelling matter.
Bangkok Assay. 

maybe Mexicans bought it...

[Yellowtail]

9 hours ago, StandardIssue said:

Just curious, but what are doing holding onto a bar of silver? for it to be worth anything I would think you'd need like 100 pounds of the stuff. I think a pound is worth around $500 USD right now. None of my business but if I was going to buy precious metal it would be gold and probably buy it as an ETF rather than hold physical metal. To each his own.

I have about nine kg, and yeah, the size/weight to value makes it something of a PITA. 

[StandardIssue]

40 minutes ago, Yellowtail said:

I have about nine kg, and yeah, the size/weight to value makes it something of a PITA. 

Did you buy it to keep as investment? Or some other reason? I just can't quite figure out the use of silver bars for keeping value unless at some point there was an expectation that there would be a huge demand for this metal .. for use in industry or something else. I seem to remember it being integral in producing conventional photography film but that boat sailed years ago with the advent of high quality high pixel density cameras.

[Dazinoz]

10 hours ago, StandardIssue said:

Just curious, but what are doing holding onto a bar of silver? for it to be worth anything I would think you'd need like 100 pounds of the stuff. I think a pound is worth around $500 USD right now. None of my business but if I was going to buy precious metal it would be gold and probably buy it as an ETF rather than hold physical metal. To each his own.

Never heard the saying that silver is the poor mans gold? Silver is used in industry far more than gold.

 

I had 100kg pool allocated in Oz. most of purchases doubled in price. I am happy with 100% ROI.

 

Some people just not happy.

[Yellowtail]

3 minutes ago, StandardIssue said:

Did you buy it to keep as investment? Or some other reason? I just can't quite figure out the use of silver bars for keeping value unless at some point there was an expectation that there would be a huge demand for this metal .. for use in industry or something else. I seem to remember it being integral in producing conventional photography film but that boat sailed years ago with the advent of high quality high pixel density cameras.

I bought it largely for investment in January of '16 after it crashed, and it's up about 77% while gold is up about 100% since then, so neither are that great. I have two 100 oz bars and 11 ten oz bars. 

 

I had twenty of the 10oz bars but had some framed and gave them out as gifts. They look pretty cool. 

 

But yeah, not enough value to get too worked up about. 

 

 

[Yellowtail]

5 minutes ago, Dazinoz said:

Never heard the saying that silver is the poor mans gold? Silver is used in industry far more than gold.

 

I had 100kg pool allocated in Oz. most of purchases doubled in price. I am happy with 100% ROI.

 

Some people just not happy.

As an investment, the pool makes a lot more sense with silver than actually holding it. 

 

US$100K of gold stores in a small safe deposit box. 

[StandardIssue]

12 minutes ago, Yellowtail said:

I bought it largely for investment in January of '16 after it crashed, and it's up about 77% while gold is up about 100% since then, so neither are that great. I have two 100 oz bars and 11 ten oz bars. 

 

I had twenty of the 10oz bars but had some framed and gave them out as gifts. They look pretty cool. 

 

But yeah, not enough value to get too worked up about. 

 

 

 

Ah, Ok I don't keep track of precious metal prices but that makes sense. 77% ROI is pretty good .. better than inflation so makes sense. I've only been aware of golds' appreciation as it's been in the news a lot. My investments are in a self managed portfolio in my home country.

Edited September 16 by StandardIssue

[Yellowtail]

16 minutes ago, StandardIssue said:

 

Ah, Ok I don't keep track of precious metal prices but that makes sense. 77% ROI is pretty good .. better than inflation so makes sense. I've only been aware of golds' appreciation as it's been in the news a lot. My investments are in a self managed portfolio in my home country.

I do the same, and my equities are up almost 300% over the same period gold is up only 100%. 

 

The thinking with holding metals and gems and whatnot, is that they have intrinsic value, so if the bottom falls out of the market, and your broker goes tits-up, you still have some savings you can use anywhere in the world. Something like portable real estate.

 

More of a hedge than anything else. My wife loves gold, so I can buy her something nice, and she wears it for a few days and them puts it in the safety box and I add it to the list.  

 

 

 

 

[Yellowtail]

Silver does make nice, affordable, investment grade gifts. I would rather send my nieces and nephew a bar or coin than a gift card. They have too much cr*p already and they can cash it and spend it any time they want. And I can order it online and have it delivered right to them. 

[swissie]

On 9/15/2024 at 3:48 PM, Repton1 said:

Does anyone know a shop which will purchase a silver bar? Struggling to find one, only gold. Much obliged. 

Maybe you want to reconsider. My Indian Guru tells me that this is not the time to sell Silver, it's the time to buy Silver.

[swissie]

On 9/16/2024 at 4:53 AM, StandardIssue said:

Did you buy it to keep as investment? Or some other reason? I just can't quite figure out the use of silver bars for keeping value unless at some point there was an expectation that there would be a huge demand for this metal .. for use in industry or something else. I seem to remember it being integral in producing conventional photography film but that boat sailed years ago with the advent of high quality high pixel density cameras.

Yeah, photography is out. These days, there is hardly any electronic device that doesn't contain Silver. No solar panel without Silver.

Nice to know that Silver is supported by increasing industrial demand and supported as a "store of value" as well. Love it.

 

[swissie]

On 9/18/2024 at 3:23 PM, swissie said:

Maybe you want to reconsider. My Indian Guru tells me that this is not the time to sell Silver, it's the time to buy Silver.

Since I wrote this, the price of Silver has increased by about 8% in US$.

[Yellowtail]

23 hours ago, swissie said:

Since I wrote this, the price of Silver has increased by about 8% in US$.

Coincidentally, it's gone up 8% in Thai Baht as well...

[swissie]

On 9/26/2024 at 3:43 PM, Yellowtail said:

Coincidentally, it's gone up 8% in Thai Baht as well...

Overdue "technical correction" taking place currently. Fine with me.

[Old Curmudgeon]

Silver 5 year chart (USD)

 

Edited September 27 by Old Curmudgeon

[Yellowtail]

7 hours ago, swissie said:

Overdue "technical correction" taking place currently. Fine with me.

0.999 Fine? 

[mdr224]

On 9/18/2024 at 6:23 AM, swissie said:

Maybe you want to reconsider. My Indian Guru tells me that this is not the time to sell Silver, it's the time to buy Silver.

With threads being made about how hard it is to find a seller, i would strongly recommend bitcoin instead. Way more liquid

[harryviking]

If I was kin Thailand now, I would buy it right away for market price! Wont be back before November, I found a place in BKK on internet that both sold and bought silver, Try search for it. I have forgotten the name.

[SOTIRIOS]

Hola

What About One Of Us(?)

Weight(?)

Certificate(?)

Asking Price (?)

[outsidetrader]

If you boughtl it in Thailand and it has the 999 stamped on it should also have the suppliers logo ,then you can sell it there at market price .

There are at least 2 ( i think more ) in Bkk and 1 in CM .

Failing that,how much do you want for it ?

On 9/15/2024 at 11:23 PM, StandardIssue said:

Just curious, but what are doing holding onto a bar of silver? for it to be worth anything I would think you'd need like 100 pounds of the stuff. I think a pound is worth around $500 USD right now. None of my business but if I was going to buy precious metal it would be gold and probably buy it as an ETF rather than hold physical metal. To each his own.

Bht34xxx a kilo bar at close of this week

[outsidetrader]

On 9/16/2024 at 9:53 AM, StandardIssue said:

Did you buy it to keep as investment? Or some other reason? I just can't quite figure out the use of silver bars for keeping value unless at some point there was an expectation that there would be a huge demand for this metal .. for use in industry or something else. I seem to remember it being integral in producing conventional photography film but that boat sailed years ago with the advent of high quality high pixel density cameras.

Larger demand than gold especially with the EV batterries needing Silver .i rate it as a very strong buy right now .Theres only 1 way up for sure 

[ericbj]

On 9/15/2024 at 11:23 PM, StandardIssue said:

Just curious, but what are doing holding onto a bar of silver? for it to be worth anything I would think you'd need like 100 pounds of the stuff. I think a pound is worth around $500 USD right now. None of my business but if I was going to buy precious metal it would be gold and probably buy it as an ETF rather than hold physical metal. To each his own.

 

Weight of the bar was unspecified.  For a medium-sized bar, of 1 kg, buying prices are listed here:
https://www.moneymetals.com/buy/silver/bars/kilo-silver-bars

 

You are correct that holding physical bullion does not offer liquidity, because the buyer must first assure himself that the item is genuine.  I.e. not only the specified weight but also solid silver of at least 99.9% purity.

 

For ease and rapidity of both purchase and sale, it is best to use a well-established on-line bullion dealer and have them store and insure it for you IN YOUR OWN NAME with a registered bullion storage company where regular independent audits are carried out.

 

Buy and sell from anywhere you have an Internet connection.  Proceeds of a sale can only be credited to the bank account you have linked to your bullion-dealer account.  [An obvious security precaution]

 

May be worth looking here:
https://www.bullionvault.com/
https://swpcayman.com/
https://www.goldcore.com/

 

Never accept to have your bullion stored by the dealer.  This latter point was discovered too late by some Thais who lost their gold at the time of the Asian Economic Crisis.

 

It is recommended not to have bullion stored in your country of fiscal residence, but rather one that is readily accessible.  Singapore is an obvious choice for Thailand.

 

Governments are especially rapacious in difficult times.  The U.S. government forcibly confiscated private holdings of gold in 1933.

 

Gold is a store of value, which is not the case for fiat currency.  E.g. the dollar today is said to have the purchasing power of 3 cents of its 1913 value.

 

Silver is a speculative value.  A highly volatile one.  But thought by many to be a particularly promising buy at present.

 

Regarding gold ETFs, this may be of interest:

https://www.bullionvault.com/gold-guide/gold-etf

 

 

[Kinok Farang]

On 9/15/2024 at 10:02 PM, connda said:

Not being the spelling police. In this case, spelling matter.
Bangkok Assay. 

But maybe he was writing about Bangkok.