First of all, I am all for legacy but what's the point of hoarding wealth if you never enjoy it? No shame in selling some to enjoy the fruit of your foresight once the true price is discovered
Second, when you're a multi millionaire, it's no problem to find buyers for investment grade silver, which you will be if you have 1000 oz bars in the future :) resale will not be a problem, trust me.
I am a multi-millionaire.
And, do not agree with "resale will not be a problem" More effort is required to sell such a large bar, sure it's possible and maybe "easy" but not easier than selling a bar 1/10th it's size.
Let's say you pay 25.50 at 24 spot for 10000 oz in 1000 bars = 25,500. The spot price 100x to 2400, reflecting a true price of physical silver - therefore premium does not increase. Now you are worth ~2,400,000.
You assume buying a bar or 10 in your example is easy, it's not. The Comex makes it very difficult for small fries like us (yes me included) from attaining a bar. And even if we could (we can't) we'd have to pay fees and hire an armored truck to haul it out, it's not like they're going to let you throw it in the back of your Prius. There are many hurdles, these are just 2. So unless you're buying a pallet, it's not worth the time-aggravation-the fuckery-paperwork-contracts-warrants-deposit-security costs-and delivery. I think you need to look into this, just to make sure that I'm NOT TALKIN OUT OF MY ASS.
Its easier to pay MM to buy it and pay their 1500 (1.50oz) premium for the bar.
Or 27 at 24 spot, and 25,500 only buys 945 oz. Same scenario, let's say premium doubled because 100oz is more purchasable. Now you are worth 2406/oz x 945 = 2.273m
Thanks for the math, but you're missing a bunch of costs.
I would say lowest premium possible is very valuable at this scale
However it is possible to find $3 premiums for single oz coins on sale, for which the premium will skyrocket after the true price is discovered, and therefore I think both 1oz and 1000oz are better investments than 100oz.
On November 5th Bullion Exchange was selling Perth Kilo bars @ 1.50 over spot. This was for a limited time and I do not know condition of bars or their inventory at the time.
100oz will be out of range of retail purchasers after the true price is discovered
I hope you're right.