I received a couple of comments about the silver bar in my Silver Stack as part of the @steemsilvergold stacking contest. I mistakenly reported that I thought it was a kilo. I knew it was heavy...but a Kilo is only about one third the size. I actually had to pull it back out to see, because I honestly forgot the weight. While I had it out, I snapped a photo.
The bar is a 100 ounce bar from elemetal. I purchased it from Provident Metals, which is my favorite source. And they accept bitcoin. I usually pay by check because it is cheaper. This bar was sold for .64 over spot, making it very affordable. It is not longer in stock, so I looked up a good alternative for any of you wanting to add a hunk of silver to the stack. Provident metals currently features an Asahi 100 ounce bar which is even sweeter at .59 over spot. The current cash price is $1788.
The Asahi looks roughly stamped, but is shiny. As you can see, I didn't purchase this bar because it was pretty. It has rough cut marks on the ends as well as a marred surface. The stamp is fairly clean with easy to read lettering and logo. You can see the discoloration from handling...that is the way it arrived. I keep it packaged the way it came and have only taken it out three times (as of today).
I forget what I paid for this bar, but it was probably high 1600s or low 1700s when I purchased it. Other than serving as an investment, I am not sure how practical this would be in a SHTF situation. But you never know. I bought it because I liked it. I wanted something with some weight to it. Worst case scenario, this would make an effective bludgeon tool. :)
That is a beautiful hunk of metal. Congrats!
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100 Troy oz Silver bars are impressive.
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That's an impressive chunk of metal you've got there! @ironshield
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What does .59 over spot mean? Does that mean .59% over the spot price of silver or 59% over the spot price of silver?
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Good question. .59 cents per ounce over spot price.
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So if you bought one ounce and the price was $17 per ounce you'd pay $17.59 correct?
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Exactly. And provident has free shipping for an order that size. To boot.
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When the first large rock of gold was found in North Carolina, the people who found it, not knowing what it was, used it as a door stop.
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Nice. A million dollar doorstop. :)
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