Bullion Answers
How much is silver per troy ounce, and is it legal to have it in the form of bullion?
Q. I have recently inherited a large sum of silver and find that is not practical to retain for investment purposes. I'm curous to know if it holds more value in the form of bullion, I have no paperwork to coincide with it's original purchaser, date, or value. Each brick is stamped with the name of the company who created them, a serial #, and the words `99.99% pure siver'. Any info. would be greatly appreciated. Thank you.
Asked by Michael R - Sun May 21 09:08:24 2006 - Personal Finance - 1 Answers - Comments
A. Please visit www.kitco.com to find latest price of silver. It was closed at $12.42 per ounce. Its trading range with in last one year is from $6 to $15.00. To know more about commodities trading please visit
Answered by Onceuponatime - Sun May 21 10:53:11 2006
Q. I have recently inherited a large sum of silver and find that is not practical to retain for investment purposes. I'm curous to know if it holds more value in the form of bullion, I have no paperwork to coincide with it's original purchaser, date, or value. Each brick is stamped with the name of the company who created them, a serial #, and the words `99.99% pure siver'. Any info. would be greatly appreciated. Thank you.
Asked by Michael R - Sun May 21 09:08:24 2006 - Personal Finance - 1 Answers - Comments
A. Please visit www.kitco.com to find latest price of silver. It was closed at $12.42 per ounce. Its trading range with in last one year is from $6 to $15.00. To know more about commodities trading please visit
Answered by Onceuponatime - Sun May 21 10:53:11 2006
Where to buy gold and silver bullion for low premiums in the uk?
Q. Some of the premiums I have seen online are 50% - 100% above the spot prices, where would I buy bullion coins and bars for cheaper.
Asked by KB24 - Thu Jun 10 13:07:56 2010 - Investing - 2 Answers - Comments
A.
Answered by Gerry Attrick. - Thu Jun 10 14:58:45 2010
Q. Some of the premiums I have seen online are 50% - 100% above the spot prices, where would I buy bullion coins and bars for cheaper.
Asked by KB24 - Thu Jun 10 13:07:56 2010 - Investing - 2 Answers - Comments
A.
Answered by Gerry Attrick. - Thu Jun 10 14:58:45 2010
Can you recommend a legit, cheaper dealer of bullion coins?
Q. I am thinking of investing in gold coins (bullion, not numismatic). Thanks.
Asked by - Fri Jun 17 14:36:45 2011 - Investing - 1 Answers - Comments
A. I've used this vendor, professional and straightforward.
Answered by - Wed Jun 22 15:28:46 2011
Q. I am thinking of investing in gold coins (bullion, not numismatic). Thanks.
Asked by - Fri Jun 17 14:36:45 2011 - Investing - 1 Answers - Comments
A. I've used this vendor, professional and straightforward.
Answered by - Wed Jun 22 15:28:46 2011
What is chicken base, is it the same as chick stock or bullion?
Q. I have a recipe for a soup that calls for chicken base and I'm not sure what that is and I've looked at my local store. I am wondering if stock or bullion is the same. Thanks
Asked by viv - Fri Jan 2 11:56:49 2009 - Cooking & Recipes - 2 Answers - Comments
A. Chicken base is powered stock. Bullion is in cubes, stock in liquid and base is the powder stock. If your recipe calls for powder then use the powered base.Look for the yellow OXO (with the bull) in powered form. If its a liquid measure then just add water to it or get canned stock.
Answered by sweetn_low - Fri Jan 2 19:41:08 2009
Q. I have a recipe for a soup that calls for chicken base and I'm not sure what that is and I've looked at my local store. I am wondering if stock or bullion is the same. Thanks
Asked by viv - Fri Jan 2 11:56:49 2009 - Cooking & Recipes - 2 Answers - Comments
A. Chicken base is powered stock. Bullion is in cubes, stock in liquid and base is the powder stock. If your recipe calls for powder then use the powered base.Look for the yellow OXO (with the bull) in powered form. If its a liquid measure then just add water to it or get canned stock.
Answered by sweetn_low - Fri Jan 2 19:41:08 2009
Where can i get my silver melted into bullion?
Q. I have old coins i want to melt down into bullion How much will this cost me. For the process.
Asked by - Tue Mar 22 20:14:18 2011 - Investing - 3 Answers - Comments
A. Your first step would be to go to a coin shop. There's a reasonable chance that you've got some coins that are worth more than their "melt" value, and it wouldn't make sense to just throw that money away. Also, most coin dealers will buy the coins off you for close to their "spot" price of silver. If you wanted, you could also buy your bullion from there with the money you make selling the coins. Before you do, find out the difference per ounce between what they pay to buy silver, and what they charge to sell it. That difference is essentially what you're paying for converting your coins into bullion.
Answered by - Wed Mar 23 03:44:15 2011
Q. I have old coins i want to melt down into bullion How much will this cost me. For the process.
Asked by - Tue Mar 22 20:14:18 2011 - Investing - 3 Answers - Comments
A. Your first step would be to go to a coin shop. There's a reasonable chance that you've got some coins that are worth more than their "melt" value, and it wouldn't make sense to just throw that money away. Also, most coin dealers will buy the coins off you for close to their "spot" price of silver. If you wanted, you could also buy your bullion from there with the money you make selling the coins. Before you do, find out the difference per ounce between what they pay to buy silver, and what they charge to sell it. That difference is essentially what you're paying for converting your coins into bullion.
Answered by - Wed Mar 23 03:44:15 2011
I want to know how the Bullion trading process. Like from mines to refinery and then to local jeweller?
Q. Like when we buy from Jewellers the Bullion bars what profit they make?If Gold/Silver have the same international price then how they can make profit on day to day business?
Asked by b_nimodia - Wed Feb 13 03:32:44 2008 - Other - Business & Finance - 1 Answers - Comments
A. I just do electronics trading. for exsample, MP4 player.Car DVD player.DVB-T USB stick and so on. the bullion trading process maybe as same.
Answered by terry_macrofly - Wed Feb 13 21:15:59 2008
Q. Like when we buy from Jewellers the Bullion bars what profit they make?If Gold/Silver have the same international price then how they can make profit on day to day business?
Asked by b_nimodia - Wed Feb 13 03:32:44 2008 - Other - Business & Finance - 1 Answers - Comments
A. I just do electronics trading. for exsample, MP4 player.Car DVD player.DVB-T USB stick and so on. the bullion trading process maybe as same.
Answered by terry_macrofly - Wed Feb 13 21:15:59 2008
Can I write off silver bullion on my taxes?
Q. Is there a legal crafty way to write off 150 oz of silver bullion on my taxes??? I own some real estate and could it be considered like office decor or something? I'm looking for legal loopholes. Let's just say that I use them for paper weights or wall art, wouldn't it then be considered office supplies/ expense?
Asked by - Sun Jan 22 09:29:10 2012 - Other - Taxes - 2 Answers - Comments
A. If you bought the silver for, say, $40 per ounce and sold it, for say, $25 per ounce, then you can show the loss on Schedule D, which will reduce your taxable income.
Answered by - Sun Jan 22 09:34:15 2012
Q. Is there a legal crafty way to write off 150 oz of silver bullion on my taxes??? I own some real estate and could it be considered like office decor or something? I'm looking for legal loopholes. Let's just say that I use them for paper weights or wall art, wouldn't it then be considered office supplies/ expense?
Asked by - Sun Jan 22 09:29:10 2012 - Other - Taxes - 2 Answers - Comments
A. If you bought the silver for, say, $40 per ounce and sold it, for say, $25 per ounce, then you can show the loss on Schedule D, which will reduce your taxable income.
Answered by - Sun Jan 22 09:34:15 2012
what can i use instead of a chicken bullion cube?
Q. i have none in the house and the recipe i want to make is calling for a chicken bullion cube. what can i use instead?
Asked by Eddie - Thu Nov 9 22:14:55 2006 - Cooking & Recipes - 12 Answers - Comments
A. Chicken broth
Answered by It's Me! - Thu Nov 9 22:22:33 2006
Q. i have none in the house and the recipe i want to make is calling for a chicken bullion cube. what can i use instead?
Asked by Eddie - Thu Nov 9 22:14:55 2006 - Cooking & Recipes - 12 Answers - Comments
A. Chicken broth
Answered by It's Me! - Thu Nov 9 22:22:33 2006
Is it still illegal for Americans to own gold bullion?
Q. I read recently that when the government moved off the gold backing of our paper money, they actually made it illegal for Americans to own gold bullion, and the only gold we can own is in the form of jewelry, coins, etc. Does that law still apply today?
Asked by atrus781 - Wed Jul 8 10:36:43 2009 - Law & Ethics - 7 Answers - Comments
A. Owning gold was made illegal in the 1930's so that the government could inflate the currency and stimulate the economy out of the "Great Depression". You can inflate a "Federal Reserve Note". You can't inflate a $20 gold piece. It was made legal, again, to own bullion and coin in the early '70's so that the wealthier among us could invest and protect their money from the runaway inflation that was going on. Once things reach a critical point where too many U.S. citizens are investing in hard assets, such as gold, the Congress may be tempted to collect all the gold again.
Answered by John H - Wed Jul 8 10:49:24 2009
Q. I read recently that when the government moved off the gold backing of our paper money, they actually made it illegal for Americans to own gold bullion, and the only gold we can own is in the form of jewelry, coins, etc. Does that law still apply today?
Asked by atrus781 - Wed Jul 8 10:36:43 2009 - Law & Ethics - 7 Answers - Comments
A. Owning gold was made illegal in the 1930's so that the government could inflate the currency and stimulate the economy out of the "Great Depression". You can inflate a "Federal Reserve Note". You can't inflate a $20 gold piece. It was made legal, again, to own bullion and coin in the early '70's so that the wealthier among us could invest and protect their money from the runaway inflation that was going on. Once things reach a critical point where too many U.S. citizens are investing in hard assets, such as gold, the Congress may be tempted to collect all the gold again.
Answered by John H - Wed Jul 8 10:49:24 2009
Can you travel with gold bullion to different countries freely or there's some kinda custom problems involved?
Q. Did anyone travelled with gold bullion before? How does it work custom vise?
Asked by Jane - Wed Sep 9 23:23:26 2009 - Other - Destinations - 2 Answers - Comments
A. The majority of countries in the world insist you have a bullion dealers licence even to own bullion. My advice would be to ask your local bank's advice. Don't confuse the small "tola " bars with bullion. Bullion comes in 12.5 and 25 kilogram bricks. the small tola bars are not really bullion.
Answered by sami umni - Thu Sep 10 00:36:42 2009
Q. Did anyone travelled with gold bullion before? How does it work custom vise?
Asked by Jane - Wed Sep 9 23:23:26 2009 - Other - Destinations - 2 Answers - Comments
A. The majority of countries in the world insist you have a bullion dealers licence even to own bullion. My advice would be to ask your local bank's advice. Don't confuse the small "tola " bars with bullion. Bullion comes in 12.5 and 25 kilogram bricks. the small tola bars are not really bullion.
Answered by sami umni - Thu Sep 10 00:36:42 2009
Do gold bullion bars have to stay in there package to keep there value?
Q. Now days almost all the 24k gold bullion bars you find for sale come in a package, like a card they are sealed into from the refinery, I am speaking of smaller bars from 1 gram to like 1 ounce bars some others too. I am curious, if I bought 50 gold bullion 1 gram pieces would they lose value if I took them out of there package or be harder to resale in the future or prove there purity?
Asked by - Mon Nov 23 18:07:54 2009 - Investing - 2 Answers - Comments
A. The only value of a gold or silver bar is its meltdown value. It doesn't matter whether it's dirty or dented or scratched, meltdown value is the same. I can manufacture any package you want to "prove" the purity. The dealer doesn't care about the package.
Answered by b2fnow - Mon Nov 23 22:03:28 2009
Q. Now days almost all the 24k gold bullion bars you find for sale come in a package, like a card they are sealed into from the refinery, I am speaking of smaller bars from 1 gram to like 1 ounce bars some others too. I am curious, if I bought 50 gold bullion 1 gram pieces would they lose value if I took them out of there package or be harder to resale in the future or prove there purity?
Asked by - Mon Nov 23 18:07:54 2009 - Investing - 2 Answers - Comments
A. The only value of a gold or silver bar is its meltdown value. It doesn't matter whether it's dirty or dented or scratched, meltdown value is the same. I can manufacture any package you want to "prove" the purity. The dealer doesn't care about the package.
Answered by b2fnow - Mon Nov 23 22:03:28 2009
How would I go about purchasing gold bullion?
Q. I have $10,000 or so to invest and would like to in vest in gold bullion. But am unsure how to. I live in Florida if thats any help. Thank you so much Brandon
Asked by - Sun Feb 27 01:48:35 2011 - Investing - 3 Answers - Comments
A. Brandon, Its actually really easy. Ive been buying precious metals online for the last 15 years. Basically you have to evaluate the reason why your are looking to invest and that will help decide what kind of gold to buy. I like bullion coins and not numismatic coins because their value is based solely on its metal content which is easier for me to understand vs. collectible value. I like American Gold Eagles because everyone wants them and they seem to be the easiest to get rid of when I sell. I would steer away from South African Kruger-Rands because they are a bit hard to get rid of. Ive done business with just about every online bullion dealer out there, but the best one is Provident Metals.com. They have the least expensive coins and… [cont.]
Answered by - Mon Feb 28 10:54:41 2011
Q. I have $10,000 or so to invest and would like to in vest in gold bullion. But am unsure how to. I live in Florida if thats any help. Thank you so much Brandon
Asked by - Sun Feb 27 01:48:35 2011 - Investing - 3 Answers - Comments
A. Brandon, Its actually really easy. Ive been buying precious metals online for the last 15 years. Basically you have to evaluate the reason why your are looking to invest and that will help decide what kind of gold to buy. I like bullion coins and not numismatic coins because their value is based solely on its metal content which is easier for me to understand vs. collectible value. I like American Gold Eagles because everyone wants them and they seem to be the easiest to get rid of when I sell. I would steer away from South African Kruger-Rands because they are a bit hard to get rid of. Ive done business with just about every online bullion dealer out there, but the best one is Provident Metals.com. They have the least expensive coins and… [cont.]
Answered by - Mon Feb 28 10:54:41 2011
How do you go about selling bullion?
Q. I would like to know how/where to sell gold bullion instantly and at it's correct price.
Asked by The Dude - Tue Dec 16 13:25:07 2008 - Investing - 1 Answers - Comments
A. Probably the best way to buy and sell gold quickly is through an ETF (exchange-traded fund) in an online brokerage account. GLD is an exchange-traded fund that tracks (roughly) the price of gold bullion. Each share represents approximately 1/10 an oz of gold.
Answered by Nathan 59 - Tue Dec 16 17:41:37 2008
Q. I would like to know how/where to sell gold bullion instantly and at it's correct price.
Asked by The Dude - Tue Dec 16 13:25:07 2008 - Investing - 1 Answers - Comments
A. Probably the best way to buy and sell gold quickly is through an ETF (exchange-traded fund) in an online brokerage account. GLD is an exchange-traded fund that tracks (roughly) the price of gold bullion. Each share represents approximately 1/10 an oz of gold.
Answered by Nathan 59 - Tue Dec 16 17:41:37 2008
Does an older serial number on a Credit Suisse gold bullion raise its value?
Q. I have a Credit Suisse 5g gold bullion with an old (I think) serial number. The serial number is 177391. How do I figure out how old it is and does its older age effect its value?
Asked by eeinugent - Thu Jan 28 23:05:08 2010 - Investing - 1 Answers - Comments
A. Gold is gold and is valued by the market.
Answered by - Fri Jan 29 03:29:54 2010
Q. I have a Credit Suisse 5g gold bullion with an old (I think) serial number. The serial number is 177391. How do I figure out how old it is and does its older age effect its value?
Asked by eeinugent - Thu Jan 28 23:05:08 2010 - Investing - 1 Answers - Comments
A. Gold is gold and is valued by the market.
Answered by - Fri Jan 29 03:29:54 2010
How to make beef broth from bullion ?
Q. I am making a gravy for swedish meatballs and it calls for 1 1/2 c. canned beef broth... I only have bullion.. how much bullion and water do I boil together to make a broth? i do not want a tomato based sauce for the meatballs...please don't send me links for that. thanks 8 0 )
Asked by Mommy to 3 year old Jacob and baby on the way - Mon Apr 27 14:31:14 2009 - Cooking & Recipes - 2 Answers - Comments
A. beef broth and bullion can be substituted for each other but there will be a lacking earthy flavor (from root vegetables ) in the bullion. Use 2 cubes to 2 cups of water (you will have 1/2 cup extra ) if using granulated beef bullion use 1 1/2 tsp to 1 1/2 cups water. While making the bullion before adding the beef flavoring try boiling a carrot and onion maybe celery too in 2 cups of water to get the root vegetable flavor then measure out the 1 1/2 cup vegetable broth and add bullion to it.
Answered by searching for friends - Mon Apr 27 14:46:15 2009
Q. I am making a gravy for swedish meatballs and it calls for 1 1/2 c. canned beef broth... I only have bullion.. how much bullion and water do I boil together to make a broth? i do not want a tomato based sauce for the meatballs...please don't send me links for that. thanks 8 0 )
Asked by Mommy to 3 year old Jacob and baby on the way - Mon Apr 27 14:31:14 2009 - Cooking & Recipes - 2 Answers - Comments
A. beef broth and bullion can be substituted for each other but there will be a lacking earthy flavor (from root vegetables ) in the bullion. Use 2 cubes to 2 cups of water (you will have 1/2 cup extra ) if using granulated beef bullion use 1 1/2 tsp to 1 1/2 cups water. While making the bullion before adding the beef flavoring try boiling a carrot and onion maybe celery too in 2 cups of water to get the root vegetable flavor then measure out the 1 1/2 cup vegetable broth and add bullion to it.
Answered by searching for friends - Mon Apr 27 14:46:15 2009
Is buying sterling silver jewelry feasible for commodity trade as opposed to pure silver bullion?
Q. Hypothetically speaking, if hyperinflation occurs and the value of the dollar becomes worthless, is it feasible to trade sterling silver jewelry as monetary value, as opposed to pure silver bullion? I ask because it seems you could have smaller increments of "value" with sterling silver. For example, rather than trading an entire pure silver coin for food I could simply break a necklace in half to have more "exact change", without having to worry about getting equal change back so to speak. Would this be acceptable?
Asked by - Mon Nov 15 13:41:36 2010 - Investing - 1 Answers - Comments
A. The vast majority of the cost of silver jewelry is labour: the value of silver in the item is not very much. You get more value for money using ingots.
Answered by scoutma53 - Mon Nov 15 13:48:33 2010
Q. Hypothetically speaking, if hyperinflation occurs and the value of the dollar becomes worthless, is it feasible to trade sterling silver jewelry as monetary value, as opposed to pure silver bullion? I ask because it seems you could have smaller increments of "value" with sterling silver. For example, rather than trading an entire pure silver coin for food I could simply break a necklace in half to have more "exact change", without having to worry about getting equal change back so to speak. Would this be acceptable?
Asked by - Mon Nov 15 13:41:36 2010 - Investing - 1 Answers - Comments
A. The vast majority of the cost of silver jewelry is labour: the value of silver in the item is not very much. You get more value for money using ingots.
Answered by scoutma53 - Mon Nov 15 13:48:33 2010
How much should I expect to pay for silver bullion?
Q. I know the price of silver is about $11 an ounce right now. However, I went to my local coin shop and they are asking between $17 and $20 for nearly all of their one ounce silver bullion coins. Is this overpriced or is this what I should expect to pay anywhere?
Asked by benzene5 - Mon Jan 19 11:24:29 2009 - Investing - 2 Answers - 1 Comments
A. Compare on e Bay, which is higher still, then compare on Apmex.com. Apmex is about as fair as I've seen anywhere. They have Silver American Eagles right now for $3.99 over spot. This is common for such a small quantity for coins. Bulk silver bullion will only be a few pennies above meltdown price (spot).
Answered by b2fnow - Mon Jan 19 20:07:56 2009
Q. I know the price of silver is about $11 an ounce right now. However, I went to my local coin shop and they are asking between $17 and $20 for nearly all of their one ounce silver bullion coins. Is this overpriced or is this what I should expect to pay anywhere?
Asked by benzene5 - Mon Jan 19 11:24:29 2009 - Investing - 2 Answers - 1 Comments
A. Compare on e Bay, which is higher still, then compare on Apmex.com. Apmex is about as fair as I've seen anywhere. They have Silver American Eagles right now for $3.99 over spot. This is common for such a small quantity for coins. Bulk silver bullion will only be a few pennies above meltdown price (spot).
Answered by b2fnow - Mon Jan 19 20:07:56 2009
How to make chicken soup with out broth or bullion cubes?
Q. Hi, I am going to try to make chicken soup by just boiling a chicken in water for a few hours. I know the recipe already, but was wondering if other make chicken soup with out using canned broth or cubed bullion and if they had good results. I do not want my chicken soup to come out too bland. What has been your experience making your own stock.
Asked by - Tue Sep 29 10:03:54 2009 - Cooking & Recipes - 8 Answers - Comments
A. That's how you make chicken bouillon; cans & cubes are short-cuts. I always add onion, celery, & carrots, anyway; sometimes a bay leaf.
Answered by - Thu Oct 1 12:33:46 2009
Q. Hi, I am going to try to make chicken soup by just boiling a chicken in water for a few hours. I know the recipe already, but was wondering if other make chicken soup with out using canned broth or cubed bullion and if they had good results. I do not want my chicken soup to come out too bland. What has been your experience making your own stock.
Asked by - Tue Sep 29 10:03:54 2009 - Cooking & Recipes - 8 Answers - Comments
A. That's how you make chicken bouillon; cans & cubes are short-cuts. I always add onion, celery, & carrots, anyway; sometimes a bay leaf.
Answered by - Thu Oct 1 12:33:46 2009
Is it a good idea to invest on silver coins or bullion?
Q. I bought a canadian silver maple leaf coin at a coin shop. The owner sold it to me for 40$ instead of 45$. Do you think it's a good idea for me to invest on silver coins and bullion even after the price of silver has dropped?
Asked by - Sun Nov 27 15:35:29 2011 - Investing - 4 Answers - Comments
A. sounds like you got taken by the coin shop, silver spot is only at $31 per ounce, at my local coin shop you can buy canadian maple leaf coins for about $2.75 over spot. That means I could by the same coin for 33.75. You can also get them on ebay for like 33.50. I only invest in bullion because I really don't care about the coin just the silver. The answer is yes because everyone needs a diversified portfolio of investments including precious metals.
Answered by - Sun Nov 27 15:47:49 2011
Q. I bought a canadian silver maple leaf coin at a coin shop. The owner sold it to me for 40$ instead of 45$. Do you think it's a good idea for me to invest on silver coins and bullion even after the price of silver has dropped?
Asked by - Sun Nov 27 15:35:29 2011 - Investing - 4 Answers - Comments
A. sounds like you got taken by the coin shop, silver spot is only at $31 per ounce, at my local coin shop you can buy canadian maple leaf coins for about $2.75 over spot. That means I could by the same coin for 33.75. You can also get them on ebay for like 33.50. I only invest in bullion because I really don't care about the coin just the silver. The answer is yes because everyone needs a diversified portfolio of investments including precious metals.
Answered by - Sun Nov 27 15:47:49 2011
Is there a way to invest superannuation funds in gold bullion? What super funds allow that?
Q. Specifics. I am not referring to super funds where they put a percentage of their funds in gold. Rather, I want to choose a fund where I can determine how much of the money is set aside in gold bullion.
Asked by - Sat Apr 17 02:24:53 2010 - Investing - 1 Answers - 1 Comments
A. SBI Gold Deposit Scheme, where you get interest in terms of gold.
Answered by nomoreiaminthisworld - Sat Apr 17 09:00:49 2010
Q. Specifics. I am not referring to super funds where they put a percentage of their funds in gold. Rather, I want to choose a fund where I can determine how much of the money is set aside in gold bullion.
Asked by - Sat Apr 17 02:24:53 2010 - Investing - 1 Answers - 1 Comments
A. SBI Gold Deposit Scheme, where you get interest in terms of gold.
Answered by nomoreiaminthisworld - Sat Apr 17 09:00:49 2010
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