Metals usually get hammered in the beginning of market downturns and that is what we are seeing right now. With rates surely to continue to increase through the summer (next fed meeting is mid June), I'm confident we will see more downward movement on AU and AG or at least upward resistance.
I'm waiting to see how much the fed decides to increase rates from that June 2022 meeting, 50bp vs 75bp before I start buying paper gold and silver. Physical premiums are too high for me and I'd rather be lazy and just click a mouse a few times to buy/sell.
Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.3%, on generic 1 oz. rounds is 24.2% and on ASEs is 69.8%.
Today's data (6/12/22):
Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 36.0%, on generic 1 oz. rounds is 24.7% and on ASEs is 63.1%.
So, the current situation looks to be about the same as in mid-May concerning silver premiums - still at, or near all time highs. No doubt that smart buyers are looking to private sales to clip some of those high premiums off the price, but I'm still noting some transactions are still taking place on BST in spite of the high spot price.
Q: Are You Printing Money? Bernanke: Not Literally
Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.2%, on generic 1 oz. rounds is 25.5% and on ASEs is 69.6%.
Stock market and silver both have a down day - and silver premiums go UP across the board. The sellers don't believe in the Comex spot prices, obviously.
Q: Are You Printing Money? Bernanke: Not Literally
Stock market and silver both have a down day - and silver premiums go UP across the board. The sellers don't believe in the Comex spot prices, obviously.
Time for a divorce lawyer?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .
. . . and ASE's (63% premium) remain hot.
Good to be a contrarian then, eh?
yes, there's only so many worms, even for the early bird.
Lots of worms out there. You want to pay the single item mark-up or get the volume discount?
I'm currently buying quality items much closer to spot than ASEs. One does not have to buy a "brick" to get a bargain.
Indeed not. I got 90% for spot over the weekend. Most folk dont buy brinks because they only have $50. Not a very stable or deep market if its only comprised of pikers.
@derryb said:
When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.
"Ain't it funny how the night moves?" - Bob Seger
Has anyone who has bought an ASE since this thread started made any money?
APMEX
The money being made in the last year on ASEs by myself and other independent sellers is on the ASEs they bought years earlier at much lower prices and premiums. These 70% premium ASEs will pay off when premium hits 100%, much sooner if silver hits $45.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Not knowing when to hold them or when to fold them is a poor excuse at the table and in the markets.
Those profiting now on ASEs bought years back are also the little guys. Little guys buying at today's premiums will, just like us little guys before them, have to wait for the market to turn in their favor. Physical silver profits are not made over night. They are made over time. And yes, I'm currently a little guy buyer at today's prices - just very selective in what I buy.
Those that got fattened up on the misinformation years back of "choosing ASEs" are now fattening their wallets. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
We have never seen you post a link recommending or supporting selling ones silver holdings. What do they call one says one thing yet does the opposite?
I have for years made many forum posts recommending silver over gold. I have specifically recommended ASEs and RCM 10 oz. bars. Both are now selling at higher premiums than most other silver products. I do not recall ever recommending one to sell physical silver.
Concerning links, you will likely never find a recommendation to sell if the link is for an outfit trying to sell metal. They want you to buy, not sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
I do not recall ever recommending one to sell physical silver.
Exactly. Doing one thing while saying the opposite.
I take exception at your accusation of dishonesty. I have been clear in the past that I buy and sell PMs, diverting profits to more raw metal. In the past I have advised that those buying metal should prefer silver and that ASEs should be the silver of choice. I do not advise people WHEN to buy OR when to sell precious metals. I have been clear on what I prefer to buy and when I am buying. The fact that I have not advised anyone to sell has nothing to do with my own buy and sell efforts.
So if you're gonna accuse one of dishonesty, get your ducks in a row. You and Blitzboy should take your personal attack show on the road, this is not the place for it.
Buy silver for insurance but sell if if you have a profit which makes it an investment. Ideology of convenience.
I once cashed in a life insurance policy because I could purchase a better one cheaper. Was that original policy an investment? Taking profits to turn around and buy more dollar insurance at a cheaper price is not cashing in an investment. It is wise allocation of resources.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I buy silver monthly regardless of price. However, if I was to jump into the market of $20 or below spot making a larger purchase (taking little guy here, not dealer level) premiums would need to go down.
Premiums are always set on what consumers are willing to pay for a product.
@derryb said:
So if you're gonna accuse one of dishonesty, get your ducks in a row. You and Blitzboy should take your personal attack show on the road, this is not the place for it.
Never accused you of dishonesty. You do however post a lot of mis/disinformation from which you create an opinion. I dont think that comes from an attempt to be dishonest, i think it comes from ignorance.
Fortunately, many folk have differing opinions based on fact, logic and reason and we express those. You attack those who do not see things your way or are proven incorrect.
I do not "attack" you anymore than you "attack" me. I do however "attack" your links to mis/disinformation, just as everyone should.
We've had this conversation more than once, obviously time to have it again.
The links to info I post are from respected, experienced professionals in the field of precious metals. The fact that their opinion differs from yours or that you do not respect them does not make their professional opinion any less valid. The differing opinions of many folks here are likely based on input from widely varying sources. That you would shut down any of those sources that disagree with what you believe to be true only removes fact, logic and reason from the formula that forms opinion. I don't always agree with the opinions of others that I post. But it is not my place, nor yours, to screen the input that others receive.
My "attacks" are on those who think it is their job to decide what other should be privy to. I imagine most here are mature and experienced enough to form their own opinions. Those opinions should be formed with unbridled access to information.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
Those opinions should be formed with unbridled access to information.
Agreed 100 million billion percent!!! And I should hope you would agree the same that those opinions should not be formed with unbridled access to mis- and disinformation.
LOL you and those APMEX silver eagles, you should be about broke by now. BTW I bought some Au from the big A 5 days ago. Still hasn't shipped. Tulving IIIIXVI?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The two forum IDs are the only two that ever wrote "RGDS!".
And Sparrow99 has all of 5 posts in history.
That is why they seem to be one and the same.
@blitzdude said:
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The two forum IDs are the only two that ever wrote "RGDS!".
And Sparrow99 has all of 5 posts in history.
That is why they seem to be one and the same.
Agree. Allts frequently give themselves away with their unique writing style and choice of words. RGDS!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@blitzdude said:
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The two forum IDs are the only two that ever wrote "RGDS!".
And Sparrow99 has all of 5 posts in history.
That is why they seem to be one and the same.
Don't rush out and quit your day job. Message board detective you are not. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The two forum IDs are the only two that ever wrote "RGDS!".
And Sparrow99 has all of 5 posts in history.
That is why they seem to be one and the same.
There actually are several who have ended their comments with "rgds". Utilization of the search feature will bear this out.
Imagine the discourse when it is discovered that derryb and I are actually one. 🙂
Comments
in today's investment environment (hard commodities) are we going to see a spike in glitter metal (gold)premiums?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Metals usually get hammered in the beginning of market downturns and that is what we are seeing right now. With rates surely to continue to increase through the summer (next fed meeting is mid June), I'm confident we will see more downward movement on AU and AG or at least upward resistance.
I'm waiting to see how much the fed decides to increase rates from that June 2022 meeting, 50bp vs 75bp before I start buying paper gold and silver. Physical premiums are too high for me and I'd rather be lazy and just click a mouse a few times to buy/sell.
Premium dropped. $2.99 over vs $3.49 over a month ago.
>
>
Knowledge is the enemy of fear
demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .
. . . and ASE's (63% premium) remain hot.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Good to be a contrarian then, eh?
Knowledge is the enemy of fear
yes, there's only so many worms, even for the early bird.
If the premiums bother you buy silver forks and spoons.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
From 5/19/22:
Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.3%, on generic 1 oz. rounds is 24.2% and on ASEs is 69.8%.
Today's data (6/12/22):
Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 36.0%, on generic 1 oz. rounds is 24.7% and on ASEs is 63.1%.
So, the current situation looks to be about the same as in mid-May concerning silver premiums - still at, or near all time highs. No doubt that smart buyers are looking to private sales to clip some of those high premiums off the price, but I'm still noting some transactions are still taking place on BST in spite of the high spot price.
I knew it would happen.
Lots of worms out there. You want to pay the single item mark-up or get the volume discount?
Knowledge is the enemy of fear
Today's data (6/13/22):
Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.2%, on generic 1 oz. rounds is 25.5% and on ASEs is 69.6%.
Stock market and silver both have a down day - and silver premiums go UP across the board. The sellers don't believe in the Comex spot prices, obviously.
I knew it would happen.
Time for a divorce lawyer?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I'm currently buying quality items much closer to spot than ASEs. One does not have to buy a "brick" to get a bargain.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Indeed not. I got 90% for spot over the weekend. Most folk dont buy brinks because they only have $50. Not a very stable or deep market if its only comprised of pikers.
Knowledge is the enemy of fear
When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.
Slowly climbing over the past year it is now at 70%.
"Ain't it funny how the night moves?" - Bob Seger
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Has anyone who has bought an ASE since this thread started made any money?
Knowledge is the enemy of fear
APMEX
The money being made in the last year on ASEs by myself and other independent sellers is on the ASEs they bought years earlier at much lower prices and premiums. These 70% premium ASEs will pay off when premium hits 100%, much sooner if silver hits $45.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I'm showing gutter further in the gutter since this thread began. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
that's because I'm making the profits that you are not. LOL.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
No doubt about it Ace. :roll
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
And the little guy is buried again. Fatten them up on mis/disinformation then lead them to slaughter.
Knowledge is the enemy of fear
Not knowing when to hold them or when to fold them is a poor excuse at the table and in the markets.
Those profiting now on ASEs bought years back are also the little guys. Little guys buying at today's premiums will, just like us little guys before them, have to wait for the market to turn in their favor. Physical silver profits are not made over night. They are made over time. And yes, I'm currently a little guy buyer at today's prices - just very selective in what I buy.
Those that got fattened up on the misinformation years back of "choosing ASEs" are now fattening their wallets. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
We have never seen you post a link recommending or supporting selling ones silver holdings. What do they call one says one thing yet does the opposite?
Knowledge is the enemy of fear
I have for years made many forum posts recommending silver over gold. I have specifically recommended ASEs and RCM 10 oz. bars. Both are now selling at higher premiums than most other silver products. I do not recall ever recommending one to sell physical silver.
Concerning links, you will likely never find a recommendation to sell if the link is for an outfit trying to sell metal. They want you to buy, not sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Exactly. Doing one thing while saying the opposite.
Buy silver for insurance but sell if if you have a profit which makes it an investment. Ideology of convenience.
Knowledge is the enemy of fear
I take exception at your accusation of dishonesty. I have been clear in the past that I buy and sell PMs, diverting profits to more raw metal. In the past I have advised that those buying metal should prefer silver and that ASEs should be the silver of choice. I do not advise people WHEN to buy OR when to sell precious metals. I have been clear on what I prefer to buy and when I am buying. The fact that I have not advised anyone to sell has nothing to do with my own buy and sell efforts.
So if you're gonna accuse one of dishonesty, get your ducks in a row. You and Blitzboy should take your personal attack show on the road, this is not the place for it.
I once cashed in a life insurance policy because I could purchase a better one cheaper. Was that original policy an investment? Taking profits to turn around and buy more dollar insurance at a cheaper price is not cashing in an investment. It is wise allocation of resources.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I buy silver monthly regardless of price. However, if I was to jump into the market of $20 or below spot making a larger purchase (taking little guy here, not dealer level) premiums would need to go down.
Premiums are always set on what consumers are willing to pay for a product.
Never accused you of dishonesty. You do however post a lot of mis/disinformation from which you create an opinion. I dont think that comes from an attempt to be dishonest, i think it comes from ignorance.
Fortunately, many folk have differing opinions based on fact, logic and reason and we express those. You attack those who do not see things your way or are proven incorrect.
I do not "attack" you anymore than you "attack" me. I do however "attack" your links to mis/disinformation, just as everyone should.
Knowledge is the enemy of fear
We've had this conversation more than once, obviously time to have it again.
The links to info I post are from respected, experienced professionals in the field of precious metals. The fact that their opinion differs from yours or that you do not respect them does not make their professional opinion any less valid. The differing opinions of many folks here are likely based on input from widely varying sources. That you would shut down any of those sources that disagree with what you believe to be true only removes fact, logic and reason from the formula that forms opinion. I don't always agree with the opinions of others that I post. But it is not my place, nor yours, to screen the input that others receive.
My "attacks" are on those who think it is their job to decide what other should be privy to. I imagine most here are mature and experienced enough to form their own opinions. Those opinions should be formed with unbridled access to information.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Agreed 100 million billion percent!!! And I should hope you would agree the same that those opinions should not be formed with unbridled access to mis- and disinformation.
Knowledge is the enemy of fear
And you are the Queen of Misinformation?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
No...but you are.
It appears to be you are quite comfortable with mis/disinformation.
You ain't prepared.
Knowledge is the enemy of fear
Yep, you the sharpest tool in the shed. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
And it's a big shed. The biggest. No one ever thought a shed could be so big.
You still ain't prepared.
Knowledge is the enemy of fear
Dollar premium is same but percentage premium is up. See, I told you so. I was right!!! Haha
Knowledge is the enemy of fear
74% premium on an APMEX silver eagle before shipping costs? Who woulda thunk? LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
LOL you and those APMEX silver eagles, you should be about broke by now. BTW I bought some Au from the big A 5 days ago. Still hasn't shipped. Tulving IIIIXVI?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
talk to cokhed, he's the one that created this APMEX ASE thread. LOL.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Really dummyb ,or derriere? We could do this forever. Is that what you want?
Knowledge is the enemy of fear
apologies, typo - fat fingers, big hands
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Last gutter I purchased was under spot. RGDS!
Last gutter I purchased was under spot. RGDS!
Nice, CNGRTS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
You have an alternate ID now ?
Gutter fans apparently. Perhaps it was you. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
You are not a person that I would choose to emulate.
Is this a case of "imitation is the sincerest form of flattery" or is it a case of narcissism ?
I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
U.S. Mint Silver Shortages Explained
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The two forum IDs are the only two that ever wrote "RGDS!".
And Sparrow99 has all of 5 posts in history.
That is why they seem to be one and the same.
Agree. Allts frequently give themselves away with their unique writing style and choice of words. RGDS!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Don't rush out and quit your day job. Message board detective you are not. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
There actually are several who have ended their comments with "rgds". Utilization of the search feature will bear this out.
Imagine the discourse when it is discovered that derryb and I are actually one. 🙂
Knowledge is the enemy of fear