Buying Silver for a FAIR Price

Posted by The Mad Ape as Experiments, Investing, Precious Metals

So you want to buy silver but don’t know where to buy or where to buy it for a fair price? I have found a company that you can buy silver in small enough quantities at a fair price… the Northwest Territorial Mint. In fact, today I placed my first order with them. I ordered 50 – 1 troy ounce silver bars.

It cost me $817.00 US funds so if you find this to be a lot of money then I suggest beginning buying on Ebay. The price per ounce will be more but you can buy in small quantities.

Free Silver?

If you read through this entire article I will demonstrate how you can get your silver for free. If you are skeptical then follow along with me as I am off on another money-making scheme. I have all but doubled my money through my Penny Stock experiment. Sure I cheated and bought non-penny stocks but when a person sees a way to make a quick buck…they jump at it right?

Anyway I like the Northwest Territorial Mint because they sell an excellent product at an excellent price. They sell silver mined by the Pan American Silver Corporation, a Canadian Company listed on NASDAQ: PAAS and the TSX: PAA. They do not specialize in producing refined rounds and bars, thus recommend buying from the Northwest Territorial Mint.

The minimum buy order from the Northwest Territorial Mint is 50 troy ounces with a current price of $15.94 per ounce. A great deal and entry point for the novice collector. For the 1 oz silver bar there is a maximum order size of 200.

So for $797.00 + $20.00 shipping and handling you can start your silver collection. Unlike most on-line dealers these guys will allow you to make your purchase with a credit card.

These guys are swamped with orders so it will take 30 days for your order to ship. Upon payment, they will send you an order number, with a link to your order so you can monitor it.

So FREE Silver Huh?

Yes free man. FREE FREE FREE. Is it easy? NO…but with a bit of persistence and hard work you can get your silver for free.

“How?”, you say. Ebay says I. People are willing to buy silver bars in 1 ounce quantities and pay a premium price. Not only that, they are willing to pay an inflated shipping charge. I see regular buys on there for 1 oz bars around $4-$5 dollars above what I paid for these bars. Then add on a $5-$6 shipping charge and you can make a couple of bucks there too.

I call these novelty buyers and you can profit from them. Let’s suppose, erroring on the side of caution, you profit $3.00 per bar after all expenses. That is $150.00 per 50-ounce shipment. Now granted you will have to make an initial investment and purchase 50 oz, but over time you could grow this and become a power seller on eBay.

Convinced? If not, watch me. I am going to sell each one of these 50 bars on Ebay and use my proceeds to buy more silver.

Technorati Tags: silver, silver bullion, silver bars, Northwest Territorial Mint, Pan American Silver, buy silver, buy silver on ebay