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Thread: Premiums

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  1. #1
    Join Date
    Sep 2022
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    8

    Default Premiums

    JM is now marketing silver at spot for new purchasers, I have not seen this in a very long time, the market price still too high for me right now, it would have to get to high teens for me, this maybe a sign that premiums may start to come down. Watching the price of silver over time looks like my pulse rate. My fear is still silver prices and the stock market both have a large correction in the future. The economy as a whole is making a correction now, the Gov. Can only pump so much money into the system to prop up the stock market, to be able to state look how great things are as the rest of us are eating sandwiches. The faith in the dollar is already weakening, you loose that you are screwed, for that is the only thing backing the dollar. One dollar equaling the Peso.

  2. #2

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    I periodically track Gold to Silver Ratio in both spot & retail here - https://gold-forum.kitco.com/showthr...90#post2797390

    Silver Eagle premiums are still high, but some other silver premiums are starting to soften a bit.
    Gold Eagle premiums are not that bad these days.

    I also watch the charts -
    https://www.kitco.com/charts/popup/au0060lnb.html
    https://www.kitco.com/charts/popup/ag0060lnb.html

    Quite frankly, if I had to choose between buying & selling today, I'd buy. ...but that's just silly old me. DYODD
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  3. #3

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    Premiums are ridiculous right now. I was at a coin show yesterday and choice piece dollars ranged from $23-$40. One guy was selling BU Morgan’s for 25 and another guy was selling an identical coin for $50. 10 ounce bars of the same brand or 255 and a few tables over 300/2 ounce rounds from mpm ranged from 15 to 20. Half ounce gold eagles of recent years were selling as high as 1500 and some for 1200. One dealer told me that the regular crew of dealers tried to tell him to up his premiums or he would not be invited back to the next show. Nice way to do business. I was talking to a dealer about 90% silver at my LCS selling for $20 per dollar, while he was asking 28, he basically called me a liar. I think the old guys are so convinced that Silver will skyrocket that they are out of tune with reality. I only buy at spot and watching they people trying to wheel and deal premiums was ridiculous.

  4. #4

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    Quote Originally Posted by SilverPalm View Post
    I periodically track Gold to Silver Ratio in both spot & retail here - https://gold-forum.kitco.com/showthr...90#post2797390

    Silver Eagle premiums are still high, but some other silver premiums are starting to soften a bit.
    Gold Eagle premiums are not that bad these days.

    I also watch the charts -
    https://www.kitco.com/charts/popup/au0060lnb.html
    https://www.kitco.com/charts/popup/ag0060lnb.html

    Quite frankly, if I had to choose between buying & selling today, I'd buy. ...but that's just silly old me. DYODD
    So, what are you buying? Au pr Ag?
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  5. #5

    Default

    Nobody was holding a gun to your head, so vote with your feet and leave. If the dealers go home with what they brought, they'll figure it out at some point. If not, then purchase elsewhere.
    American Legion Preamble: https://www.legion.org/preamble

  6. #6

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    I have found silver under melt at every single coin show I have been to so far.

    I am a pretty good talker, it turns out. I also have a decent amount of knowledge about what is and isn't silver, and what things tend to go for.
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  7. #7

    Default

    I have found silver under melt at every single coin show I have been to so far.

    I am a pretty good talker, it turns out. I also have a decent amount of knowledge about what is and isn't silver, and what things tend to go for.

    What kind of silver is this? With most silver bullion, you can find dealers who will buy for over melt, so really do want to know what this is.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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