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Silver spot vs premium tracking thread

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  • DrBusterDrBuster Posts: 5,409 ✭✭✭✭✭

    The roll of milky maples I got a hot minute ago looks like a good sell at +1.75.

  • HigashiyamaHigashiyama Posts: 2,192 ✭✭✭✭✭

    Looks like I can still get my 1000 ounce bar for near spot!

    Higashiyama
  • coinkatcoinkat Posts: 23,226 ✭✭✭✭✭

    Are the math formulas getting harder or just more creative?

    Experience the World through Numismatics...it's more than you can imagine.

  • derrybderryb Posts: 36,946 ✭✭✭✭✭
    edited May 28, 2021 1:04PM

    @blitzdude said:

    Looks like those who recommended ASEs over other bullion choices in the past when premiums were close were correct in their call.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • bronco2078bronco2078 Posts: 10,244 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:

    Looks like those who recommended ASEs over other bullion choices in the past when premiums were close were correct in their call.

    hang on , we still don't know who or what idiots are actually paying those premiums. Asking and getting are not the same thing

  • derrybderryb Posts: 36,946 ✭✭✭✭✭
    edited May 29, 2021 5:22AM

    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.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • ShadyDaveShadyDave Posts: 2,201 ✭✭✭✭✭

    @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:

    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.

  • coinkatcoinkat Posts: 23,226 ✭✭✭✭✭

    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.

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @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.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    'red screen of death' coming soon to a thread near you?

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • blitzdudeblitzdude Posts: 5,963 ✭✭✭✭✭
    edited June 1, 2021 3:50PM

    @derryb said:

    @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

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • DrBusterDrBuster Posts: 5,409 ✭✭✭✭✭

    @blitzdude said:

    @derryb said:

    @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...

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭
    edited June 1, 2021 5:00PM

    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

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    So much for tracking silver premiums over time. lol

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • AzurescensAzurescens Posts: 2,762 ✭✭✭✭✭

    The point of his post was to look like "one of us" who acknowledges the reality before them.

    @DrBuster said:

    @derryb said:

    @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.

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @Azurescens said:

    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.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    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


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @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 government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    10 pz bars are much more representative of physical silver price anyway. Any changes?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @cohodk said:
    10 pz bars are much more representative of physical silver price anyway. Any changes?

    You tell us. You're the one who started a tracking thread and failed to keep it updated.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    No changes. No reason to update no changes.
    Only an idiot would update no changes everyday.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    yet you asked if there were any changes to data your are supposedly tracking. LOL.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    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.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    @derryb said:
    yet you asked if there were any changes to data your are supposedly tracking. LOL.

    You wanted the update. So i appease. And you complain.

    ❄❄❄

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    Next time, don't ask. Lol

    Have a nice day
  • dcarrdcarr Posts: 8,525 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Been getting more flatware in sterling , lately. The premiums are lower . Because , well.... spooning leads to forking.

    How long before there is a knifing ?

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    @dcarr said:

    @TwoSides2aCoin said:
    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.

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭
    edited June 8, 2021 4:14PM

    Idiot alert. No changes. LOL


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @cohodk said:
    Idiot alert. No changes. LOL

    big idiot alert. Spot increased by $1. Guess that means there is after all a change in premiums.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    @derryb said:

    @cohodk said:
    Idiot alert. No changes. LOL

    big idiot alert. Spot increased by $1. Guess that means there is after all a change in premiums.

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,946 ✭✭✭✭✭
    edited June 12, 2021 10:51AM

    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.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    shorts involve selling

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @MsMorrisine said:
    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.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    @derryb said:

    @MsMorrisine said:
    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.

    Of course, the reverse is true. It's called gambling ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @OPA said:

    @derryb said:

    @MsMorrisine said:
    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.

    Of course, the reverse is true. It's called gambling ;)

    Apparently MsM did not understand this. But thanks for helping him to understand.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    Shorting involves selling high first and hopefully buying low second

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,946 ✭✭✭✭✭
    edited June 13, 2021 6:36AM

    @MsMorrisine said:
    Shorting involves selling high first and hopefully buying low second

    shorting involves borrowing the asset at a fixed price (a debit) first.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • blitzdudeblitzdude Posts: 5,963 ✭✭✭✭✭

    Premiums are decreasing. The great 2021 "squeeze" seems to be fading.

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    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.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 22,902 ✭✭✭✭✭
    edited June 14, 2021 7:17AM

    $3.99/oz. over spot at SD Bullion for generic SDB rounds. That's 14.5%. It could be worse, I suppose.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,188 ✭✭✭✭✭

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,963 ✭✭✭✭✭



    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    do they offer free shipping on 1,000 oz bars?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 5,963 ✭✭✭✭✭

    @MsMorrisine said:
    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™.
    BOOMIN!™

  • pmh1nicpmh1nic Posts: 3,290 ✭✭✭✭✭

    @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
  • BaleyBaley Posts: 22,661 ✭✭✭✭✭

    Premium silver

    Liberty: Parent of Science & Industry

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    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.

  • MsMorrisineMsMorrisine Posts: 33,242 ✭✭✭✭✭

    the pre-sales pages show mid july ship dates

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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