Premiums

[LongDonSilver]

@ MSH:

I think I may have been one of the only ones who didn't take advantage of the Wallyworld/Apmex bullion offering(s). LongDon had informed me about it, and I was kind of surprised that some of the prices were cheaper than what you could find them on their own site for. Will wonders never cease! I still think that there will be some better pricing coming down the pike in the next few months. Kind of waiting to see how the Fed decision in August will affect things.

Bronkster, I think there's a world of pain still to happen in the stock market. As far as PM prices go, I think we're near, if not at, bottom for now. COT number is very low and that's a sign that the PM market is oversold. I won't hold my breath waiting for much lower PM. Perhaps premiums will drop, but that's just a guess on my part.

If Old Joe manages to completely kill the US economy and put us into a depression then GOK's just how bad things can get. PM might snap up if the US dollar takes a hit. So far Joe's government is near perfect for doing the wrong thing. The Fed is fighting inflation by raising interest rates. But they know that we can't pay the interest on existing debt if interest rates continue to increase, so when will they blink? In the long run they must crank up the printing presses to max once again. They are between a rock and a hard place and the world knows it.

Unless Joe stops trying to hug windmills, and push Chinese solar panels, and drill, drill and drill. We will be seeing rolling blackouts in some states. Europe is in even worse condition. Turning off traffic lights to save energy! Good Grief! Plus Joe's thinking that we can buy our way out of recession (spend more!) is all hanging on one or maybe two senators votes. We are in deep doodoo. Like a hyper child making noise, and ignoring his mom's attempts to control him, he's just going to continue making noise. Spend, spend and spend. Debt is his solution to all things. Plus kill oil and gas as fast as he can.

So I think that all we can pray for is that some adults take over congress in the next mid-term election. But then again were are we to find that many adults running for congress? I'm with Maxwellsilverhammer in thinking it's time to grab more. Not sell any at all. No trading either. I put 70 ounces of well worn junk silver back into the swamp that I was thinking of trading at the next coin show. PM has been beat to near death by the big banks, but the banks are reporting lower earnings. Perhaps they will start to go long? Or a few will go bust? We'll see who's right by the end of the year.

[golditiki2]

governments or better said politicians must " bribe " the voter. itmeans they must promise always " more" = throw more money out of the window, to be in charge. ( be it right or left ). The talk about saving the planet is top hypocritical because more money sloshing means need of more taxes and more taxes only can be creamed from increased value taxes + normal taxes, = profits. It means that on the one hand they have to see to it we can spend always more irrespective of the utility of the utility of what is bought,

How can they fulfill the ir credo for a better environment when they force everybody to spend even more?

The problem is that the economy taxproduction cannot cover anymore the expenses of the nations, so they hMUST continue to inject money in the system = more debt or just if the debtsystem ( = pauing for borrowed money ) grows to cumbersome to swith to another system to create additional currency.

That system is in the make, It is nationalization of the moneyproduction = possibility to create numbers of money without the need to sell that extramoney without being forced wrap the moneychunk increases into bonds. That would be the end of the FED and probably also of the Bank of England which are in reality private enterpises making money on the issuing rights they hold.

Of course these powers will fight the nationalizations but NECESSITY creates new solutions and need to implement them. The point is thus how to reward these private institutions for the "services" now considered obsolete.

Golditiki2+++

[everything1]

My disappointment with premiums and moderns. I gave up collecting silver pandas, even the newest ones. I like to look & shop but for another 20-30 dollars dollars you can get a gram of gold. Although mostly I have the collection of them that I want, it's just kind of a bummer because over all these years I just don't see the value. Just my groan for the day is all. It seems for the cost of two ASE you can get a gram of gold too.

[LongDonSilver]

Interesting Youtube video on who benefits from the sky high ASE premiums.

https://www.youtube.com/watch?v=n4xdMFYAouk

[digbird]

Interesting Youtube video on who benefits from the sky high ASE premiums.

https://www.youtube.com/watch?v=n4xdMFYAouk

Thanks for the link LongDon. Very interesting is right. The black rock spider is pulling the strings. Lots of new info that I hadn't heard about before now.

[and4rik]

Seeing 100 oz bars at $1.49 over, still sky high.

[windweaver77]

$.99 over spot deals yesterday on 1ozt random generic and 10 ozt random.


"Flash" sales.

[jiggysmb]

I have seen quite a few dealers offering silver at spot, Monument Metals was the most recent. 90% is under $20 per $1. Meanwhile coin shows still have a $4-5 premium per ounce, 90% at $23-24 per $1, and the dealers wonder why no one is buying from them. I don't understand why they are trying to get ebay prices when a buyer can go to any site and pay less with free shipping.

[motocat]

Premiums on most silver bullion seem back to normal, now easy to find bars and round for under +$2.00/oz. Eagles are still overpriced, no matter, I feel no loyalty to U.S. bullion anymore, not with their honoring of unrepentant criminals on their official circulated coinage these days.