Friday, May 6, 2011

Best time to buy silver bullion bars?

If you have been following the volatile silver price for the past month, you would have realized how hard it is to find a best time to buy silver bullion bars.

Just when the price dropped 5% in a single day, and you started to have the idea of buying silver bullion bars, the price rebound.

That happened near the end of April.

In the recent major silver crash in May, the price dropped to $34 after a few days of drastic sell off.

Just when you are thinking about the best time to buy, the price rebounds.

The current price is $35.97.

It is extremely hard to catch the best time, almost an impossible task.

I failed to catch the lowest possible price, since many sellers adjust the price continuously.

Most sellers are selling at a fixed rate over spot price.

With the volatility in silver price, the websites keep on refreshing the listed price.

A day hesitation means you will miss out the buying opportunity, or it may mean you save heartache of buying at a higher price.

During the past few days, I have checked the price of silver bullion bars from Kitco, APMEX and Scottsdale Silver.

I will not consider buying from Kitco, since the shipping cost is too high.  The insurance cost is a separate cost.

I want to buy from APMEX, but they do not accept Paypal or credit card for international buyer.

Since I have funds in Paypal from various sources of online activities, I prefer to pay from Paypal.

A few hours of hesitation resulted in price revision from Scottsdale Silver.

Scottsdale Silver has the lowest shipping cost of all.  If you are staying in the United States, you can get free shipping if you buy the silver bullion bars from the free shipping section.

Even for international buyers, the shipping rate is extremely low.

One of the best places for buying silver bullion bars is Tulving.  Too bad the minimum order means a cost of more than $20,000.

I cannot afford this kind of money for buying silver bullion bars.

The problem of buying from Tulving is that they do not ship overseas.  They can ship only to the account at the Depository in United States.

It is not for small investor like me!

What is the best time to buy silver bullion bars?

You can say that no time is the best time or all time is the best time.

Regardless of when you buy, you can never buy at the absolute low price.  You can also never sell at the absolute high price.

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