Some of you may have noticed that GainesvilleCoins.com is back on the board, despite me previously disavowing them for being “sketchy.” Well, after much thought and many an email requesting them back from all y’all out there in the internet nether, I went ahead and reprogrammed them into the price feeds.

What may or may not have happened over at Gainesville, and their link to National Gold Exchange and its bankruptcy (and inevitable disappearance of $30,000,000 in bank-owed operating capital) is of no import to you, I, or any other silver stacker in the silversphere. The only thing that is important is price, customer service, shipping costs, and deliverability. I mean, what’s a trillion between friends? Not to mention they have the famed “Gainesville Coin Explorer” program headed up by a man who goes by the name TrogdorLLC. What more could you ask for?

From the few purchases I have made from Gainesville in the past I can say they excel at all facets of the online bullion buying experience. The only downside is of course you can’t get their cash/bankwire price quoted unless you are buying over $2,000. This is key to remember, and something I long thought about because it technically somewhat distorts the pricing comparisons on the low-end. However, I think it’s safe to say at these prices $2,000 is a fair price point for an average purchase, given you can stack a spanking new 100 oz Silver Bar for right around 20 Benjamins these days.

What’s more interesting is that the premiums over spot on 100 oz silver bars have been steadily declining the last few weeks. Interpret this 30 day chart as you will but it seems ProvidentMetals and some other distributors are flush with these silver bricks and looking to get them out the door:

But that is a whole other article. In the meantime, enjoy the Gainesville feed and don’t take life too seriously. In the words of Turd Ferguson, “this too shall pass.”