Bold has ASE monster boxes at 3.95 over spot. Makes sense given current wholesale ask prices. You guys have any thoughts on where premiums will settle?
Premiums seem to be going back to normal levels, at least for now. I just saw silver rounds for $1 over spot on a dealer website. Haven't seen that in a while.
Yes, premiums are pretty much obliterated. You still can't buy from the big guys for under +2.50 on anything, but that was pretty much true before 2020 as well.
Looks like lower premiums are sticking around at least until the next big economic or political disaster.
Do you think the lower premiums are a result of lower demand for physical metals, or an increase in minting(manufacturing) capacity or both?.
I'm assuming that at least some of equipment ordered by the private mints a couple of years ago is being delivered and placed into service, if so it might drive premiums lower as capacity increases.
@tyler267 said:
Looks like lower premiums are sticking around at least until the next big economic or political disaster.
Do you think the lower premiums are a result of lower demand for physical metals, or an increase in minting(manufacturing) capacity or both?.
I'm assuming that at least some of equipment ordered by the private mints a couple of years ago is being delivered and placed into service, if so it might drive premiums lower as capacity increases.
The newz would have you believe we currently are in the middle of both political and economic disasters... Some of the bunker crew would have you believe we have been there for decades, cripes possibly even centuries....? What gives? Stack on and watch your purchasing power decrease? Or maybe you will be the smartest fool on the planet when everyone's trading for butter and beans?? Yinz certainly are an odd bunch. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@tyler267 said:
Looks like lower premiums are sticking around at least until the next big economic or political disaster.
Do you think the lower premiums are a result of lower demand for physical metals, or an increase in minting(manufacturing) capacity or both?.
I'm assuming that at least some of equipment ordered by the private mints a couple of years ago is being delivered and placed into service, if so it might drive premiums lower as capacity increases.
Premiums seemed to spike (up) around the time of those bank failures.
Since then, there have been no new major bank failures (that we know about).
Premiums are back to traditionally normal levels.
So I attribute the premium spike and subsequent decline to have been the result of the amount of physical precious metal bought by the public. I don't think mint fabrication capacity or output has changed much.
@tyler267 said:
Looks like lower premiums are sticking around at least until the next big economic or political disaster.
Do you think the lower premiums are a result of lower demand for physical metals, or an increase in minting(manufacturing) capacity or both?.
I'm assuming that at least some of equipment ordered by the private mints a couple of years ago is being delivered and placed into service, if so it might drive premiums lower as capacity increases.
Premiums seemed to spike (up) around the time of those bank failures.
Since then, there have been no new major bank failures (that we know about).
Premiums are back to traditionally normal levels.
So I attribute the premium spike and subsequent decline to have been the result of the amount of physical precious metal bought by the public. I don't think mint fabrication capacity or output has changed much.
Scottsdale is opening a new facility, Silvertowne and Sunshine have been adding new equipment. I don't know how much impact this will have on capacity. Historically the precious metals fabrication business has been a boom or bust business, with a lot of smaller minters going bankrupt when capacity exceeds demand.
I'm not sure capacity has exceeded demand, but if it has who knows it could be different this time.
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
>
>
>
So......3 years later. What have we discovered? What have we learned?
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
So......3 years later. What have we discovered? What have we learned?
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
So......3 years later. What have we discovered? What have we learned?
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
So......3 years later. What have we discovered? What have we learned?
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
For you it was/is.
For everyone else:
If you bought in 2004 and dumped it all in 2011 you did pretty good. Other than that, you didn't even keep up with the S&P500. Heck, you didn't even keep up with inflation. LOL. Stack on. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
So......3 years later. What have we discovered? What have we learned?
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
For you it was/is.
For everyone else:
If you bought in 2004 and dumped it all in 2011 you did pretty good. Other than that, you didn't even keep up with the S&P500. Heck, you didn't even keep up with inflation. LOL. Stack on. THKS!
.
If you bought a little bit of silver at the average price for the year, every year, over the long term your holdings would have kept up with inflation.
Silver price adjusted for CPI inflation (in 2023 dollars):
@cohodk said:
Screenshot of Apmex website with silver quote (top) and offering prices. Hopefully derryb forgives my questioning of source and timing of data and continues with this thread. It should be fun to monitor. Screenshot taken within 5 min of this posting.
So......3 years later. What have we discovered? What have we learned?
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
For you it was/is.
For everyone else:
If you bought in 2004 and dumped it all in 2011 you did pretty good. Other than that, you didn't even keep up with the S&P500. Heck, you didn't even keep up with inflation. LOL. Stack on. THKS!
.
If you bought a little bit of silver at the average price for the year, every year, over the long term your holdings would have kept up with inflation.
Silver price adjusted for CPI inflation (in 2023 dollars):
How many folk alive today were buying silver in 1925?
A person ago 80 (born 1944) really would not have bought any silver until the age of 20, or in 1964. If they bought every year since 1964, would they have kept pace with inflation?
The physical silver in my portfolio has a very low cost basis, in case you weren't paying attention. Why do you always try to disparage metals in favor of financial services and banking?
Contrary to your evident opinion, any thought of buying silver at the high points is self-limiting because of price. Only blitz buys physical silver at the high.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
The physical silver in my portfolio has a very low cost basis, in case you weren't paying attention. Why do you always try to disparage metals in favor of financial services and banking?
I don't. I just provide balance to your obsession.
I at least own PMs. You don't even own financial assets. I know what I know, while you don't know what you don't know.
This irrelevant statement implies that I've somehow missed the great stock market opportunity:
So you've underperformed almost every asset class over the last 50 years.
And frankly, it's a complete misrepresentation of anything I've done. If you think my silver accumulation has been sub-par, you're pretty far out of it, and wrong.
You don't even own financial assets. I know what I know, while you don't know what you don't know.
I've owned plenty of financial assets in the past. I have a masters degree in Finance and enough experience in investing over the years even before you graduated from high school - so think whatever you want. I stand by my success in silver.
Q: Are You Printing Money? Bernanke: Not Literally
Experience doesn't mean success. Bill Bergen played 10 years in professional baseball, so surely he was experienced, yet his batting average was only 0.170.
Nathan Peterman is a current quarterback in the NFL. In his 6 years experience (twice the average NFL career) he has thrown for 712 yards resulting in 4 touchdowns and 13 interceptions.
Many of your congress folk have been working for you for 40-50 years. Lots of experience, how much success?
@jmski52 said:
The physical silver in my portfolio has a very low cost basis, in case you weren't paying attention. Why do you always try to disparage metals in favor of financial services and banking?
Contrary to your evident opinion, any thought of buying silver at the high points is self-limiting because of price. Only blitz buys physical silver at the high.
LOL I've bought and sold the SLV a hundred times while you did nothing more than accumulate a useless boat anchor. Underperforming dead $$$. ENJY!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
ASE premiums (spread over spot) are definitely on the rise. My go to cheapest dealer (Bullion Exchanges) is selling ASEs @6.20 over spot if you buy at least 20 coins. JM Bullion is asking $8.96 over spot for 20 coins.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Comments
Just this week sold a 2023 Lunar silver coin for $37.85. Paid 27.67 for it June 25. Your house seems to be the only one with gutters.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Good job Ace. I just sold a gallon of dingleberries for $25.50. Paid $0 for it. At this rate we will be rich in no time.
RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
you're the only guy I know that has a gallon of dingleberries. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I think somebody has had a little too much fermented dingleberry juice.
Bold has ASE monster boxes at 3.95 over spot. Makes sense given current wholesale ask prices. You guys have any thoughts on where premiums will settle?
Dropping like a rock. Somewhere in the gutter I suspect. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
oh boy, another buying opportunity before the next selling opportunity
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Quit whining about it and sell every bit of silver and gold you have TODAY.
PS:
I sense a contrarian indicator.
Blitz Cramer?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Nobodys whining about anything.
PS I would never sell my gold. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Premiums seem to be going back to normal levels, at least for now. I just saw silver rounds for $1 over spot on a dealer website. Haven't seen that in a while.
Yes, premiums are pretty much obliterated. You still can't buy from the big guys for under +2.50 on anything, but that was pretty much true before 2020 as well.
I right> @dcarr said:
.
Right on queue - "spot" silver is up 11% in one week since your "dropping like a rock" comment.
PS:
I expect silver will give back some of the recent gains before stabilizing.
Maybe you should short-sell SLV now to take advantage of that
.
Looks like lower premiums are sticking around at least until the next big economic or political disaster.
Do you think the lower premiums are a result of lower demand for physical metals, or an increase in minting(manufacturing) capacity or both?.
I'm assuming that at least some of equipment ordered by the private mints a couple of years ago is being delivered and placed into service, if so it might drive premiums lower as capacity increases.
The newz would have you believe we currently are in the middle of both political and economic disasters...
Some of the bunker crew would have you believe we have been there for decades, cripes possibly even centuries....? 
What gives? Stack on and watch your purchasing power decrease? Or maybe you will be the smartest fool on the planet when everyone's trading for butter and beans?? Yinz certainly are an odd bunch. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Premiums seemed to spike (up) around the time of those bank failures.
Since then, there have been no new major bank failures (that we know about).
Premiums are back to traditionally normal levels.
So I attribute the premium spike and subsequent decline to have been the result of the amount of physical precious metal bought by the public. I don't think mint fabrication capacity or output has changed much.
Scottsdale is opening a new facility, Silvertowne and Sunshine have been adding new equipment. I don't know how much impact this will have on capacity. Historically the precious metals fabrication business has been a boom or bust business, with a lot of smaller minters going bankrupt when capacity exceeds demand.
I'm not sure capacity has exceeded demand, but if it has who knows it could be different this time.
Dive ( current prices)
Dive- in (current opportunities ).
This is a public service announcement !
>
>
>
So......3 years later. What have we discovered? What have we learned?
Knowledge is the enemy of fear
Investing in physical gutter metal was a poor decision? History certainly repeats. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
" So......3 years later. What have we discovered? What have we learned? "
? That you like to dig up old threads??
That we, as always, should buy the dips and sell the highs and sell the highs and buy the dips.
And, that there is no gutter metal, only the occasional gutter price.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Indeed!!! Only the passage of time proves the past. That why we teach and learn history.
I appreciate you making this about me but have we learned anything about the application of premiums in the physical silver market?
Knowledge is the enemy of fear
For you it was/is.
For everyone else:
If you bought in 2004 and dumped it all in 2011 you did pretty good. Other than that, you didn't even keep up with the S&P500. Heck, you didn't even keep up with inflation. LOL. Stack on.
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
If you bought a little bit of silver at the average price for the year, every year, over the long term your holdings would have kept up with inflation.
Silver price adjusted for CPI inflation (in 2023 dollars):
What if you bought in 1998, 1999, 2003, 2008, 2017 and 2021? I can safely say that "averaging in" over time works very well.
Accumulating silver over time is a whole different ballgame than trying to "beat the market" by obsessively buying & selling SLV.
Huge Difference!
I knew it would happen.
How many folk alive today were buying silver in 1925?
A person ago 80 (born 1944) really would not have bought any silver until the age of 20, or in 1964. If they bought every year since 1964, would they have kept pace with inflation?
Knowledge is the enemy of fear
My experience pretty much parallels the trendline in D.Carr's chart.
I knew it would happen.
So you've underperformed almost every asset class over the last 50 years.
Knowledge is the enemy of fear
The physical silver in my portfolio has a very low cost basis, in case you weren't paying attention. Why do you always try to disparage metals in favor of financial services and banking?
Contrary to your evident opinion, any thought of buying silver at the high points is self-limiting because of price. Only blitz buys physical silver at the high.
I knew it would happen.
Only you talk about "beating the market".
Obsessively? Where that come from?
Knowledge is the enemy of fear
I don't. I just provide balance to your obsession.
I at least own PMs. You don't even own financial assets. I know what I know, while you don't know what you don't know.
Knowledge is the enemy of fear
Only you talk about "beating the market".
Obsessively? Where that come from?
This irrelevant statement implies that I've somehow missed the great stock market opportunity:
So you've underperformed almost every asset class over the last 50 years.
And frankly, it's a complete misrepresentation of anything I've done. If you think my silver accumulation has been sub-par, you're pretty far out of it, and wrong.
You don't even own financial assets. I know what I know, while you don't know what you don't know.
I've owned plenty of financial assets in the past. I have a masters degree in Finance and enough experience in investing over the years even before you graduated from high school - so think whatever you want. I stand by my success in silver.
I knew it would happen.
Experience doesn't mean success. Bill Bergen played 10 years in professional baseball, so surely he was experienced, yet his batting average was only 0.170.
Nathan Peterman is a current quarterback in the NFL. In his 6 years experience (twice the average NFL career) he has thrown for 712 yards resulting in 4 touchdowns and 13 interceptions.
Many of your congress folk have been working for you for 40-50 years. Lots of experience, how much success?
Knowledge is the enemy of fear
LOL I've bought and sold the SLV a hundred times while you did nothing more than accumulate a useless boat anchor. Underperforming dead $$$. ENJY!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
Put lipstick on the pigs you want to sell (and earn a commission on them) ?
.
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If all you can see is the left two-thirds of the chart, then you have no business being a "financial advisor".
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2.50 above for single ase is a really good retail premium. it'd be pretty good for a monster box.
perhaps i saw an old post with that premium.
has the premium gone crazy again?
In the end all that matters is what you sell your silver for.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
.
Certainly better than the manufactured $15 premiums some.were.so hyping a year ago.
Funny that there actually seems to be more demand this year than last, yet premiums have collapsed.
Knowledge is the enemy of fear
Who has the best premiums on the buy side? Monster boxes and larger bars? I am not selling just researching.
vert good for the buyer. Authorized purchasers are paying that if not a little more just to buy them in bulk from the mint.
A "normal" retail premium on ase's is 3.50 to 5.00 from the bullion dealers.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
ASE premiums (spread over spot) are definitely on the rise. My go to cheapest dealer (Bullion Exchanges) is selling ASEs @6.20 over spot if you buy at least 20 coins. JM Bullion is asking $8.96 over spot for 20 coins.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Down day for the metals and time to refresh what we know about premiums.............to be continued.
I knew it would happen.
That's why. Lowered premiums and huge corporations like Costco peddling it. When mainstream realizes the truth....
What truth? That gutter metal is not rare? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
Gold is not really "rare" either.
But gold and silver are relatively scarce, and dollars are a lot more common than either.
.
And all are orders of magnitude more common than sense (cents).
Knowledge is the enemy of fear