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July 13, 2011, 07:50:07 AM Last edit: August 04, 2011, 08:43:51 PM by Mjbmonetarymetals |
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Hi there .... Good points , yes the pics here do no more really than drum up a little interest. There is a Market for the 1 gram silver rounds here in the uk.
1 gram .999 silver round size = 15mm by 0.75
Keeping in mind silver bullion in the uk is taxed 20% , the premium on a 1oz .999 silver round here is around 40% over spot. The premium on a 1 gram round is roughly 105%. this premium you pay when you buy and get back when you sell.
Is it a silly idea to buy 1 gram of silver? The buyer decides. Similar to buying 100 1oz rounds rather than a 100oz bar . Paying the premium And having 31 1 gram rounds rather than a 1oz round allows a person to sell a small portion off at a time. Which may be of use if the price reaches the heady hights investors expect/hope.
Why 1 gram? , simply comes down to cost , I can have 1000 of these produced for a relatively small amount of money , in comparison to a minimum order of say 500 1oz rounds which would cost in the region of £15.000 .
I heard about bitcoin via the silver u-tube community, where it caused quite a stir with both positive and negative reactions . I myself quite like bitcoin , I'm still looking at ways to implement a bitcoin cart into my site. (struggling with that at the moment-zero programming knowledge:-)
1 gram silver bitcoin? It's a take it or leave it art round , simply a vehicle to carry the value of the silver , a bit of fun , talking point , it may help promote bitcoin within the silver bullion community , it will not change the world I'm afraid. you could by one and drill a tiny hole in it and hang it on a chain . You could buy 500 of them with your bitcoins and save them for a rainy day.
If it's not for you I quite understand , I have broad shoulders and won't be offended , the price when I offer them will be the price ,the premium the premium ,it will include the silver , the die fees , the transportation costs the labour costs to produce them , my profit (I need to make a small one) .
Mick
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