Jim Wilhelmsen 11-21-13 His Book, Testimony, What He sees going on in America .Jim Author of the book Echoes Of Enoch - Former
Showing posts with label 1 kilogram bar of silver bullion. Show all posts
Showing posts with label 1 kilogram bar of silver bullion. Show all posts
Saturday, November 23, 2013
Thursday, May 19, 2011
1 kg Silver Bullion Bar
This is a 1 kilogram bar of silver bullion purchased at Ishifuku Kinzoku (Ishifuku Metals) in Japan. 1 kilogram equals 32.150747 troy ounces. I think I said something different in the video, I don't know where I got that from.
At the time of this post a silver 1 kilo bar would be worth $25.48 per Troy Ounce. So the bar's scrap value is 25.48 x 32.151 ounces = $819.20. Here in the UK, the bars are subject to Value Added Tax at 17.5% (this will be increased to 20% from January 4th, 2011). Current selling prices on eBay for the bars are circa 660 - 700 GBP.
Silver is extremely undervalued right now. Silver stocks are almost completely gone and silver is mined only as a by-product of other metals like copper, so supply will not be able to meet demand in the future. Some believe the price of silver will even match or surpass that of gold.
You can always go with allocated storage, but if you have a significant amount have your allocated gold stored outside of your home country. That's no guarantee that those other countries won't confiscate, but if you store it some place with a very liberal free-market economy I don't think there'll be a problem.
I keep all mine at home, boxed up and hidden in the storage space. In Japan there's little theft or robbery so I'm not worried.
At the time of this post a silver 1 kilo bar would be worth $25.48 per Troy Ounce. So the bar's scrap value is 25.48 x 32.151 ounces = $819.20. Here in the UK, the bars are subject to Value Added Tax at 17.5% (this will be increased to 20% from January 4th, 2011). Current selling prices on eBay for the bars are circa 660 - 700 GBP.
Silver is extremely undervalued right now. Silver stocks are almost completely gone and silver is mined only as a by-product of other metals like copper, so supply will not be able to meet demand in the future. Some believe the price of silver will even match or surpass that of gold.
You can always go with allocated storage, but if you have a significant amount have your allocated gold stored outside of your home country. That's no guarantee that those other countries won't confiscate, but if you store it some place with a very liberal free-market economy I don't think there'll be a problem.
I keep all mine at home, boxed up and hidden in the storage space. In Japan there's little theft or robbery so I'm not worried.
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