the idiots on ebay are paying that and more. Simple to verify.
Asking and getting are not the same thing on ebay. However, big box retailers are in business to sell not to offer. If they offer at $40 you can bet they are closing the deal at $40. If they weren't their offer price would be lower.
People paying big premiums these days are likely some combination of
new stackers buying their first dozen or two ounces,
Intermediate Collectors buying singles through 10oz peices for their growing diverse collections
Dealers who will buy in bulk at the Lower wholesale premium and part them out to the above in quantity as a business involving Work.
Those advanced, experienced stackers who have already done all of the above at times, sitting on a nice diverse, and Quality stock of silver, and have other thing3to do with their new investment money and precious time and life energy are likely checking in every once in a while to enjoy the long term ride, occasionally picking up and selling an item here and there
It's fun to watch the excitement in metals that occurs about once a 30 year generation. This one is a little early due to circumstances, the other big ones in 2010-2012, 1978-81 were awesome, was hoping to see $50 silver again, if it happens soon I'll probably return to vest pocket dealing this stuff again
@Baley said:
People paying big premiums these days are likely some combination of
new stackers buying their first dozen or two ounces,
It's fun to watch the excitement in metals that occurs about once a 30 year generation. This one is a little early due to circumstances, the other big ones in 2010-2012, 1978-81 were awesome, was hoping to see $50 silver again, if it happens soon I'll probably return to vest pocket dealing this stuff again
Yes, from what I can tell a lot of the people buying physical with high premiums are the users here:
They seem to be riding the AMC/GME wallstreet bets wave and think they can cause a squeeze of some sort. There are definitely a few users here who are familiar with that group.
@coinkat said:
I was in a brick & morter the other day... and they were selling silver eagles at an 11.00 premium
and they were likely getting it.
They won't be getting it much longer. Type-2 will flood the market very soon. #shortage2021#over
I doubt this...
The mint themselves just released numbers that they've sold 0 ASE last month and are now struggling very badly due to "a worldwide silver shortage". They've shut down three times in the last year.
The mint themselves just released numbers that they've sold 0 ASE last month and are now struggling very badly due to "a worldwide silver shortage". They've shut down three times in the last year.
How many of those time were due to a silver shortage and how many of those time were due to the pandemic (worker shortage)?
There is no silver shortage. There is a shortage in cheap, available physical silver because of a rise in physical demand.
There is actually no less silver in existence this year than last year, the change is not in supply, it is in demand.
@cohodk said:
No reason to update if there are no changes. But alas, we finally have some changes.
Only change in silver prices at APMEX is a reduction on premiums for the Type 1 ASEs. Likely an effort to clear them out before the Type 2 arrives. Price of type 2 will indicate if premiums have actually dropped.
The COMEX "shorts" are trying hard to keep silver below $28 and gold below $1900. The more shorts they buy to accomplish this the more losses they will suffer. Premiums are telling us they will fail.
so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.
so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.
Of course, the reverse is true. It's called gambling
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.
Of course, the reverse is true. It's called gambling
Apparently MsM did not understand this. But thanks for helping him to understand.
options and futures do not involve borrowing. you enter the other side of a contract. the term is called "writing" a contract. this involves selling, not buying.
@MsMorrisine said:
borrowing isn't buying a short position.
also, that is for stocks.
options and futures do not involve borrowing. you enter the other side of a contract. the term is called "writing" a contract. this involves selling, not buying.
It certainly can be an exercise in futility when trying to explain the futures market. Better to just exploit their ignorance and entertain their various narratives.
@derryb said:
interesting, I would have guessed lower premiums on the big bars.
Premiums should be lower due to lower processing cost. I would think making 100 coins would be a lot more expensive than making one 100 oz bar.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
Premiums have dropped on 2021 Eagles. There are enough type 1s. The wait times are down to a couple weeks. The type 2 SAE are the same old story. Demand exceeds supply so the premiums are a couple bucks higher. ($10-$$11 over spot) , whereas the type 1 is only $9-$10 over from my sources. And was told I'm looking at August 10 for delivery ( thereabouts). Others may have better and more accurate info.
Mine is from A-Mark and Dorado Trading desks.
Still about $4 over on other bullion products, which is double what I charged pre-pandemic in the retail store.
Yeah, in the old days I could buy Buffalo rounds by the thousands for $.65 over.
Comments
The roll of milky maples I got a hot minute ago looks like a good sell at +1.75.
Looks like I can still get my 1000 ounce bar for near spot!
Are the math formulas getting harder or just more creative?
Experience the World through Numismatics...it's more than you can imagine.
Looks like those who recommended ASEs over other bullion choices in the past when premiums were close were correct in their call.
Give Me Liberty or Give Me Debt
hang on , we still don't know who or what idiots are actually paying those premiums. Asking and getting are not the same thing
the idiots on ebay are paying that and more. Simple to verify.
Asking and getting are not the same thing on ebay. However, big box retailers are in business to sell not to offer. If they offer at $40 you can bet they are closing the deal at $40. If they weren't their offer price would be lower.
Give Me Liberty or Give Me Debt
People paying big premiums these days are likely some combination of
new stackers buying their first dozen or two ounces,
Intermediate Collectors buying singles through 10oz peices for their growing diverse collections
Dealers who will buy in bulk at the Lower wholesale premium and part them out to the above in quantity as a business involving Work.
Those advanced, experienced stackers who have already done all of the above at times, sitting on a nice diverse, and Quality stock of silver, and have other thing3to do with their new investment money and precious time and life energy are likely checking in every once in a while to enjoy the long term ride, occasionally picking up and selling an item here and there
It's fun to watch the excitement in metals that occurs about once a 30 year generation. This one is a little early due to circumstances, the other big ones in 2010-2012, 1978-81 were awesome, was hoping to see $50 silver again, if it happens soon I'll probably return to vest pocket dealing this stuff again
Liberty: Parent of Science & Industry
Yes, from what I can tell a lot of the people buying physical with high premiums are the users here:
https://www.reddit.com/r/Wallstreetsilver/
They seem to be riding the AMC/GME wallstreet bets wave and think they can cause a squeeze of some sort. There are definitely a few users here who are familiar with that group.
I was in a brick & morter the other day... and they were selling silver eagles at an 11.00 premium
Experience the World through Numismatics...it's more than you can imagine.
and they were likely getting it.
Give Me Liberty or Give Me Debt
'red screen of death' coming soon to a thread near you?
Give Me Liberty or Give Me Debt
They won't be getting it much longer. Type-2 will flood the market very soon. #shortage2021#over
The whole worlds off its rocker, buy Gold™.
I doubt this...
I doubt it, too
demand is pulling what silver is out there up nd holding it up. there are no major dealers online that are OOS waiting for t2.
what could be wondered about is two things:
1. will the t1 be discounted after t2 is released
2. why haven't we got an official premium update lately
So much for tracking silver premiums over time. lol
Give Me Liberty or Give Me Debt
The point of his post was to look like "one of us" who acknowledges the reality before them.
The mint themselves just released numbers that they've sold 0 ASE last month and are now struggling very badly due to "a worldwide silver shortage". They've shut down three times in the last year.
How many of those time were due to a silver shortage and how many of those time were due to the pandemic (worker shortage)?
There is no silver shortage. There is a shortage in cheap, available physical silver because of a rise in physical demand.
There is actually no less silver in existence this year than last year, the change is not in supply, it is in demand.
Give Me Liberty or Give Me Debt
No reason to update if there are no changes. But alas, we finally have some changes.
And no, Mr. Mushroom, i dont want to be like you. Lol
Knowledge is the enemy of fear
Only change in silver prices at APMEX is a reduction on premiums for the Type 1 ASEs. Likely an effort to clear them out before the Type 2 arrives. Price of type 2 will indicate if premiums have actually dropped.
Give Me Liberty or Give Me Debt
10 pz bars are much more representative of physical silver price anyway. Any changes?
Knowledge is the enemy of fear
You tell us. You're the one who started a tracking thread and failed to keep it updated.
Give Me Liberty or Give Me Debt
No changes. No reason to update no changes.
Only an idiot would update no changes everyday.
Knowledge is the enemy of fear
yet you asked if there were any changes to data your are supposedly tracking. LOL.
Give Me Liberty or Give Me Debt
posting a day's premium image is not a comparison really.
this would be good for a s[spreadsheet and a graph
or at least posting pictures from the previous week to the current.
You wanted the update. So i appease. And you complain.
❄❄❄
Knowledge is the enemy of fear
Next time, don't ask. Lol
Been getting more flatware in sterling , lately. The premiums are lower . Because , well.... spooning leads to forking.
How long before there is a knifing ?
As soon as they start forking somewhere else.
Here's a warning parable for coin collectors...
Idiot alert. No changes. LOL
Knowledge is the enemy of fear
big idiot alert. Spot increased by $1. Guess that means there is after all a change in premiums.
Give Me Liberty or Give Me Debt
Hmmm....the last update on 6/3 show spot at 27.84, 27.82 and 27.47.
The update on 6/8 shows spot at 27.74.
So yeah, i suppose thats a $1 increase in spot....if one is smoking crack.
Knowledge is the enemy of fear
The COMEX "shorts" are trying hard to keep silver below $28 and gold below $1900. The more shorts they buy to accomplish this the more losses they will suffer. Premiums are telling us they will fail.
Give Me Liberty or Give Me Debt
shorts involve selling
so do longs. they both involve buying and selling. Point is if the shorts are not successful in keeping price down with the short positions they purchase, they will loose when they sell their shorts at a higher price.
Give Me Liberty or Give Me Debt
Of course, the reverse is true. It's called gambling
Apparently MsM did not understand this. But thanks for helping him to understand.
Give Me Liberty or Give Me Debt
Shorting involves selling high first and hopefully buying low second
shorting involves borrowing the asset at a fixed price (a debit) first.
Give Me Liberty or Give Me Debt
Premiums are decreasing. The great 2021 "squeeze" seems to be fading.
The whole worlds off its rocker, buy Gold™.
borrowing isn't buying a short position.
also, that is for stocks.
options and futures do not involve borrowing. you enter the other side of a contract. the term is called "writing" a contract. this involves selling, not buying.
$3.99/oz. over spot at SD Bullion for generic SDB rounds. That's 14.5%. It could be worse, I suppose.
I knew it would happen.
It certainly can be an exercise in futility when trying to explain the futures market. Better to just exploit their ignorance and entertain their various narratives.
Knowledge is the enemy of fear
The whole worlds off its rocker, buy Gold™.
do they offer free shipping on 1,000 oz bars?
The bid tells the whole story, just like clockwork, dropping back to the gutter. Wait for your 1000oz. About to be significantly cheaper.
The whole worlds off its rocker, buy Gold™.
Premiums should be lower due to lower processing cost. I would think making 100 coins would be a lot more expensive than making one 100 oz bar.
Premium silver
Liberty: Parent of Science & Industry
Premiums have dropped on 2021 Eagles. There are enough type 1s. The wait times are down to a couple weeks. The type 2 SAE are the same old story. Demand exceeds supply so the premiums are a couple bucks higher. ($10-$$11 over spot) , whereas the type 1 is only $9-$10 over from my sources. And was told I'm looking at August 10 for delivery ( thereabouts). Others may have better and more accurate info.
Mine is from A-Mark and Dorado Trading desks.
Still about $4 over on other bullion products, which is double what I charged pre-pandemic in the retail store.
Yeah, in the old days I could buy Buffalo rounds by the thousands for $.65 over.
the pre-sales pages show mid july ship dates