Member
What are they charging for eagles, 65$? But seriously can anyone tell me why there is a premium of 4.50$ on generic. There is no shortage or supply chain issue, seems to me that these prices are not due to demand but from people willing to pay the extra 3$ per oz. Are these new buyers to the silver market and not understanding they are being ripped off$27 seems to be the going price online for a generic 1oz
Member
??? "not due to demand"... your reason is exactly what demand is.Originally Posted by and4rik
Member
Mines not shipping silver due to low price, find silver, buy the raw silver, refine it, ship it to the mint, turn it into planchets, stamp planchets, package in tubes, ship to wholesellers, ship to dealers and all while making a profit with diesel fuel at $8/gal and workers wanting a living wage and LCS rent going through the roof. Plus shortages of plastics to make tubes and truck drivers parked due to low profits. No sweat, but premiums of $0.59 are long gone. Get used to Joe's transformation of making the USA a third world country and economy. Have you priced a pound of bacon recently?
Do your own due diligence
I stand united with my friends & family in Canada who seek freedom.
Member
When you go to a ballgame and they charge 8$ for a cup of beer, do you consider that demand? Or just price gouging. Just because people are willing to pay more than what something is worth does not equate fully to demand. I'm sure there are economic terms explaining the situation, but I don't have a clue.
Member
To continue, online retailers are fully stocked with gold/silver. Period. Not the situation we saw at the beginning of the pandemic. If the big guys can afford to charge inflated prices and the market as a whole (smaller retailers, online auctions, etc.) respond buy charging the same, or maybe slightly less if you look for deals, I would not call that demand but artificial price inflation.
Member
It's called CHARGING WHAT THE TRAFFIC WILL BEAR !
At coin show today I sold generic silver for 25.25 and bought gold for 1950.00
Ag guy
live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
This life is the training of the soul for the life to come. (accept that we live in a fallen world)
Whether you know it or not, you are a spiritual eternal being! Ag guy
Member
Going to coin show this Sunday. starts 11:00 am at the Polish community center, Washington Ave extension, Albany NY.
I'll be looking for gold at reasonable premiums.
Ag guy
live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
This life is the training of the soul for the life to come. (accept that we live in a fallen world)
Whether you know it or not, you are a spiritual eternal being! Ag guy
Member
I'll be there too, my friend... With the same intentions in mind...
Member
Hope to see you two at the show.
Do your own due diligence
I stand united with my friends & family in Canada who seek freedom.
Member
Hope to see both of you guys there also. I'm going to get some shiny and also probably one of those delicious and savory Polish Plates! Yes, I can smell what the Rock's got cookin'...
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