Topic: [WTS] 1 KG Silver .999 Bullion Bars - 2.2 lbs / 32.15 oz. - $2120 / 285 BTC (Read 4490 times)

Two live auctions selling 1 KG Silver Bullion Bars (.999) @ $2450 p/kg -
+ http://www.ebay.com/itm/Argor-SA-Chiasso-1-Kilo-silver-bar-Swiss-/260768281357
+ http://www.ebay.com/itm/Sweetwater-1-Kilo-Investment-99-9-Silver-Bullion-Bar-/150651033128

So, with my price $300 cheaper, and situated in the middle of the range of physical prices, I don't think it is unreasonable. There seems to be a really wide range between the physical market and the "spot" price quotes which I don't have an explanation for.

"For a security or non-perishable commodity (e.g. silver), the spot price reflects market expectations of future price movements. In theory, the difference in spot and forward prices should be equal to the finance charges, plus any earnings due to the holder of the security, according to the cost of carry model." - http://en.wikipedia.org/wiki/Spot_price

With the current silver market, a $300 per kg change is possible very quickly, similarly in Bitcoin a wide fluctuation in exchange rates over just a few hours or days. Silver is more of a hedge against dollar inflation, but may be also a good hedge against Bitcoin deflation. I would like to establish a market and take the kind of commission that eBay and PayPal generally take on sales by using Bitcoin.

I can offer a $20 discount per KG on 100 gram coins vs. the 1 KG bullion bar. The coins are inscribed with Hindu Deities and have the same MMTC certificate of authenticity. Examples: http://www.indiamart.com/mbjewellers/pure-silver-coins.html#silver-bar-coins-and-bullion

The price is completely in line with the current cash price on eBay for physical 1 kg .999 Silver bullion bars:
+ http://www.ebay.com/sch/i.html?_nkw=1+kilo+silver+bar
+ http://www.ebay.com/sch/i.html?_nkw=1+kilo+silver

The price also includes worldwide FedEx delivery @ 1.5 kg shipping cost (3.3 lbs). Unless the market prices change, I cannot really offer a cheaper price on bullion at this time. The Silver philharmonics you are talking about are being offered by the same source that sells the Metalor 1kg bar I quoted the price on... the quality assessment and certificate of authenticity aren't available with the coins.

http://www.bullionbypost.co.uk/silver-bars/1kg-silver-bar/metalor-1-kg-silver-bar/

1 kg bar .999 Silver bullion: £1136.40 @ $1.64 = $1863.69

http://www.bullionbypost.co.uk/silver-coins/austrian-philharmonic/austrian-philharmonic-1oz-silver-coin/

1oz Silver Austrian Philharmonic - 31.1 grams each x 32 coins = 1000 grams
32 coins x £36.41 = £1165.12 @ $1.64 exchange = $1910 per kg + shipping

By this calculation, the Philharmonics are more expensive per kg and my sale price on the bar is about $89 retail over the coins or $130 over retail for the bullion bar. So, no I do not think people are retarded, but there needs to be some premium or advantage for me to adopt Bitcoin over a cash sale, and in this way, changing a virtual currency into physical silver bullion bars might be considered a good idea for some as a long term investment.

46% premium for bars.

I pay 33% premium for 1oz silver philharmonics at the shop. What do you think people are retarded?

1 Kilogram (1000 gram) Silver Bullion Bars - Investment Grade (.999 Silver) w/ Certification

The spot price for silver is currently $1369 / £848 / 969 Euro per Kilogram:
http://silverprice.org/silver-price-per-kilo.html

An Investment grade Silver Bullion bar (.999 pure) with Certification of Authenticity sells for a significant premium to spot.

The Metalor 1 Kilo Silver Bar sells for £1140.00 currently @ $1.6127 -> £1 = $1838.42 per KG delivered (http://www.bullionbypost.co.uk/silver-bars/1kg-silver-bar/metalor-1-kg-silver-bar/)
The Perth Mint 1 Kilo Bar sells for $1813 + S/H currently on eBay: http://www.ebay.com/itm/1kilo-Perth-Mint-Silver-Bullion-Bar-/230616743997

Selling on eBay, I need to add a commission charge of $102.00 for eBay Fees and a PayPal Fee of $58.27 = $160.27 extra.
See: http://www.rolbe.com/ebay.htm

FedEx shipping is $99 Worldwide and I need a $20 fee minimum for transportation costs.

Sale Price: $1999 per 1 KG .999 Silver Bar + $120 USD S/H = $2120 USD = 285 BTC @ $7.5 USD

The certificate of Authenticity is from MMTC in India - For Reference:
+ http://www.commodityonline.com/news/MMTC-Asias-biggest-gold-and-silver-importer-26215-3-1.html
+ http://www.mmtclimited.com/frame.php?url=newsitejewellery/index.htm

I can do 10 Silver coins (.999) of 100 grams each for a total of 1 KG for $20 cheaper per KG only, and a .995 1 KG bar for $80 cheaper. I have over 1000 positive feedback on eBay from 800+ customers over 10 years, 100% positive feedback overall. I would like to use Bitcoin for precious metals trading because it is safer for me in ecommerce than PayPal.

I will ship the Silver bar worldwide via Fed Ex but the receiver is responsible for any import duties or customs. Any additional insurance would need to be taken at the cost of the buyer. No scams or ripoffs - I am hoping to offer a transparent price and a nice means to convert Bitcoins into precious metals for miners and investors. No escrow services.

Please post any questions to the thread, PM me, or send me an email address and I will contact you directly to work out the deal. I can also offer gold bullion at around 10 BTC per gram (@$7.5-->1 btc) in 10 and 100 grams coins /bars. Delivery is 10 to 14 days worldwide w/ Fed Ex tracking number.