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ASE spot price.... am I wrong?

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ASE spot price.... am I wrong?

Postby AdamsSamoa » Wed Feb 12, 2014 10:27 pm

I know you can not buy bullion strike ASE from the mint. From what I read, the mint charges $2.00 over spot premium. How can one charge less than Spot plus 2 for a NEW ASE?...

again on my mobil so excuse the grammer.

J
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Re: ASE spot price.... am I wrong?

Postby thedrifter » Thu Feb 13, 2014 10:40 am

Do you have an ad or a web link?
Its probably a loss leader. They try to sell you something for a lose in hopes that you will buy something else for a much higher profit margin. Or they hope to get your information such as your name, phone number email or snail mail addresses etc. and the sell those.
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Re: ASE spot price.... am I wrong?

Postby christostock » Thu Feb 13, 2014 11:22 am

I think that price is what they charge when you buy 5000 ounces at a time.
Remember, 5000 ounces counts as 1 unit when the majors are buying from the mint.
This seems in line with what the several major dealers would be paying to buy from the mint.
Not saying this is fact, but what I have heard in discussions with some of my BIG local guys.
Now accepting direct payments through Wells Fargo bank and TD bank.
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Re: ASE spot price.... am I wrong?

Postby gubni » Sun Feb 16, 2014 2:23 pm

AdamsSamoa wrote:I know you can not buy bullion strike ASE from the mint. From what I read, the mint charges $2.00 over spot premium. How can one charge less than Spot plus 2 for a NEW ASE?...

again on my mobil so excuse the grammer.

J



Simple, buy when spot price is low and sell when spot price is high.
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Re: ASE spot price.... am I wrong?

Postby Gobirds66 » Sun Feb 16, 2014 6:35 pm

gubni wrote:
AdamsSamoa wrote:I know you can not buy bullion strike ASE from the mint. From what I read, the mint charges $2.00 over spot premium. How can one charge less than Spot plus 2 for a NEW ASE?...

again on my mobil so excuse the grammer.

J



Simple, buy when spot price is low and sell when spot price is high.



Exactly!
If they give you lined paper, write the other way....
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Re: ASE spot price.... am I wrong?

Postby christostock » Fri Mar 21, 2014 4:47 pm

I have a correction to the minimum order from the mint on ASE
25000 ounces is the minimum order.
You also must arrange and supply an armored truck pickup and delivery to your place of business.
Now accepting direct payments through Wells Fargo bank and TD bank.
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Re: ASE spot price.... am I wrong?

Postby Diggin4copper » Fri Mar 21, 2014 6:37 pm

christostock wrote:I have a correction to the minimum order from the mint on ASE
25000 ounces is the minimum order.
You also must arrange and supply an armored truck pickup and delivery to your place of business.

someday.....
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Re: ASE spot price.... am I wrong?

Postby johnbrickner » Fri Mar 21, 2014 8:00 pm

THAT would be sooooooo, cool.
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Re: ASE spot price.... am I wrong?

Postby silverstacker » Tue Mar 25, 2014 8:59 pm

I believe this is due to the massive order amounts that one has to order to receieve a break in the price. I'm not sure what that number is but its very large.
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
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Re: ASE spot price.... am I wrong?

Postby silverstacker » Tue Mar 25, 2014 9:00 pm

silverstacker wrote:I believe this is due to the massive order amounts that one has to order to receieve a break in the price. I'm not sure what that number is but its very large.


Spoke too soon as I just read the responses. Once again too late to the party :oops:
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
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Re: ASE spot price.... am I wrong?

Postby Hawkeye » Wed Mar 26, 2014 12:18 pm

christostock wrote:I have a correction to the minimum order from the mint on ASE
25000 ounces is the minimum order.
You also must arrange and supply an armored truck pickup and delivery to your place of business.


This is my new ultimate dream...
Metal > Paper
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Re: ASE spot price.... am I wrong?

Postby Saabman » Wed Mar 26, 2014 12:57 pm

Group buy? :lol:
Cerca Trova!!!

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Re: ASE spot price.... am I wrong?

Postby Cent1225 » Thu Mar 27, 2014 10:38 am

We could not afford the armored truck, let alone the $550,000 + price for the 50 monster boxes !!!
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Re: ASE spot price.... am I wrong?

Postby Double3 » Thu Mar 27, 2014 12:38 pm

Saabman wrote:Group buy? :lol:

I'm in for a tube. :lol:
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