Home Precious Metals

Silver spot vs premium tracking thread

1151617181921»

Comments

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    Apmex Spot = $29.64

    90% coin : 5.03% Premium
    1 oz Rounds: 11.8% Premium
    ASEs : 23.6% Premium

    (after a couple of "down" days in an "up" market

    Compared to a year ago, two years ago, and three years ago, premiums have absolutely crashed, and they are still historically high.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @jmski52 said:
    Apmex Spot = $29.64
    Compared to a year ago, two years ago, and three years ago, premiums have absolutely crashed, and they are still historically high.

    Only at APMEX. RGDS!

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,285 ✭✭✭✭✭

    @blitzdude said:

    @TwoSides2aCoin said:

    @cohodk said:
    .

    @MsMorrisine said:
    2.50 above for single ase is a really good retail premium. it'd be pretty good for a monster box.

    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.

    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!

    Are you really that dumb that you missed the truth of the post. Mainstream is buying at Costco. You need pictures ?

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    I buy from Costco as well, they are much more competitive than the LCS. It's a no brainer. What's your point? THKS!

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    Only at APMEX. RGDS!

    Apmex prices are the basis for this thread. So, what is your point? It doesn't make sense to change the basis continually.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,285 ✭✭✭✭✭

    My point is that once mainstream sees the value of holding certain commodities , they begin to realize that it is better than stocking up on cheap potato salad in bulk..... or other bulk order products. Let me guess : YOU were one of those who bought thousands of rolls of toilet paper back when....?
    So you admit to buying the stuff which you seem to abhor.
    As to LCS vs. Costco,: it's that type of anti Americanism that you and others prefer. Fewer outlets from which to shop. Walmart Costco and Target. Down with Local coin shops.
    You're hardly worth another word.

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭
    edited June 11, 2024 7:33AM

    @TwoSides2aCoin said:
    My point is that once mainstream sees the value of holding certain commodities , they begin to realize that it is better than stocking up on cheap potato salad in bulk..... or other bulk order products. Let me guess : YOU were one of those who bought thousands of rolls of toilet paper back when....?
    So you admit to buying the stuff which you seem to abhor.
    As to LCS vs. Costco,: it's that type of anti Americanism that you and others prefer. Fewer outlets from which to shop. Walmart Costco and Target. Down with Local coin shops.
    You're hardly worth another word.

    Costco is selling the majority of its metal online to existing stackers who just so happen to have a Costco membership. I've never seen anyone even looking in the Jewlery cases when I physically go to Costco. Shoppers are there buying bulk products. Yes, I buy my TP there, not by the 1000's but by certainly by the 100's. It's very good high-quality stuff. And by the way Costco is as America as it comes. Most LCS's lowball their sellers and severely overcharge their buyers. Who needs em? Certainly not me. Either get with the program or become a dinosaur. RGDS!

  • GoldminersGoldminers Posts: 3,972 ✭✭✭✭✭

    Real stackers, stack more than precious metals.

  • derrybderryb Posts: 36,792 ✭✭✭✭✭

    @blitzdude said:

    @jmski52 said:
    Apmex Spot = $29.64
    Compared to a year ago, two years ago, and three years ago, premiums have absolutely crashed, and they are still historically high.

    Only at APMEX. RGDS!

    premiums are high for getting any truth out of this guy

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    90% is at 5% over spot at Apmex.

    Does anyone know of silver at a lower premium today?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @jmski52 said:
    90% is at 5% over spot at Apmex.

    Does anyone know of silver at a lower premium today?

    Yes. THKS!

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    edited June 17, 2024 7:34AM

    Hey blitz, if you don’t have an answer, don’t bother with the snide posts. It’s less than helpful.

    Does anyone know of 90% being sold a a lower premium than 5% at this time?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tincuptincup Posts: 5,123 ✭✭✭✭✭

    jmski52.... since blitzdude seems to have a secret but does not want to tell, try bullionexchanges.com. I think they are advertising a $100 FV bag of silver for $2163 or so with free shipping: as far as I can tell by some quick math, it seems to be a little under 5% premium (but do your own math to make sure!!!)

    ----- kj
  • tincuptincup Posts: 5,123 ✭✭✭✭✭

    Hmmm... if my calculations are correct.... seems to be between 2 and 3 % premium? If so, better hurry.... I'm sure blitz is buying some up!!

    ----- kj
  • tincuptincup Posts: 5,123 ✭✭✭✭✭

    But does look like just quarters.... but..... sounds pretty decent.

    ----- kj
  • tincuptincup Posts: 5,123 ✭✭✭✭✭

    Or... if you prefer half dollars.... SD bullion has them for around 4.5% above spot. Seems to be quite a few sales going on with both silver and gold... are sellers expecting a continued sell off??

    ----- kj
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @jmski52 said:
    Hey blitz, if you don’t have an answer, don’t bother with the snide posts. It’s less than helpful.

    Does anyone know of 90% being sold a a lower premium than 5% at this time?

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @jmski52 said:
    Hey blitz, if you don’t have an answer, don’t bother with the snide posts. It’s less than helpful.

    Lol. You asked a question and he answered...truthfully.

    Does anyone know of 90% being sold a a lower premium than 5% at this time?

    You didn't like the answer the first time so you asked the same exact question? Lol

    Now maybe you understand why it's important to ask the correct questions.

    Reach out to forum member Michael Dixon. He frequently writes of having to scrap silver at spot or less.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    Thanks tincup, I was able to get a nice mix at around 21.5X.

    Lol. You asked a question and he answered...truthfully.

    ou didn't like the answer the first time so you asked the same exact question? Lol

    Now maybe you understand why it's important to ask the correct questions.

    coho, I don't know why anyone would take you seriously when you respond so derisively to a forum inquiry.

    Reach out to forum member Michael Dixon. He frequently writes of having to scrap silver at spot or less.

    I was inquiring about 90% silver, but if I come across some scrap silver, I might contact Michael Dixon.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    coho, I don't know why anyone would take you seriously when you respond so derisively to a forum inquiry.

    This guy is ridiculous 🙄

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @Soldi said:
    coho, I don't know why anyone would take you seriously when you respond so derisively to a forum inquiry.

    This guy is ridiculous 🙄

    Because soldi, unlike you, I can write a coherent sentence. I can also read jmski's mind and answer the question he meant to ask.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @jmski52 said:

    I was inquiring about 90% silver, but if I come across some scrap silver, I might contact Michael Dixon.

    90% is frequently referred to as junk. Do you want to discuss the difference between junk and scrap? At least scrap is pulled from the landfill.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    edited June 19, 2024 4:00AM


    ASEs are listed at $2 less than in OP even though spot price is $3 higher.

    Silver bars have mostly held the premium.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    Looks like I might have bought some 90% silver at a good time. Thanks again tincup.

    Do you want to discuss the difference between junk and scrap?

    No.

    I can write a coherent sentence.

    Wow.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • This content has been removed.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @jmski52 said:
    Looks like I might have bought some 90% silver at a good time. Thanks again tincup.

    Do you want to discuss the difference between junk and scrap?

    No.

    I can write a coherent sentence.

    Wow.

    Poor soldi.

    And I can read your mind.

    Double wow!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    Soldi got it right.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,285 ✭✭✭✭✭

    100 oz Elemetal bar. Spot plus $.70

    Are you buying,? What price point triggers keyboard ghosts into becoming online buyers ? As low as ..... $3125.

    These threads are an exercise in futility.

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @jmski52 said:
    Looks like I might have bought some 90% silver at a good time. Thanks again tincup.

    Do you want to discuss the difference between junk and scrap?

    No.

    I can write a coherent sentence.

    Wow.

    It was certainly a good time to buy the SLV prior to your junk purchase and the $0 premium was absolutely wonderful as always. Will be dumping again soon while you are looking for a buyer for something virtually nobody wants, especially at the premium you just paid. Thanks again common cents. RGDS!

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    It was certainly a good time to buy the SLV prior to your junk purchase and the $0 premium was absolutely wonderful as always. Will be dumping again soon while you are looking for a buyer for something virtually nobody wants, especially at the premium you just paid. Thanks again common cents. RGDS!

    I won’t need to be looking for a buyer when I decide to divest - there will always be an eager and liquid market for physical silver. You will be one of those scrambling to find a willing seller of the real metal at price levels triple what they are now. Your view is laughably short-term and weak.

    You’ll be trying to figure out how to get your cash out of the system when the bond market locks up and the banks take a “holiday”.

    By the time you realize that you’ve been “bailed in”, your paper will be tied up in a legal mess that will take a few years before you get a fraction of your devalued dollars back, if ever.

    Don’t say that you weren’t warned. Ignorance is no excuse, and in your case I think that you will have a semi-religious experience and it won’t be a good one.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    That's quite the warning.

    Decent sentence structure also. Excellent!!

    However, previous market and economic cycles have proven buyers to be less than eager and markets to be quite illiquid.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @jmski52 said:
    You’ll be trying to figure out how to get your cash out of the system when the bond market locks up and the banks take a “holiday”.

    By the time you realize that you’ve been “bailed in”, your paper will be tied up in a legal mess that will take a few years before you get a fraction of your devalued dollars back, if ever.

    Don’t say that you weren’t warned. Ignorance is no excuse, and in your case I think that you will have a semi-religious experience and it won’t be a good one.

    Thanks, I won't hold my breath fantasizing about the day when I can run around buying loafs of bread, sticks of butter and cans of beans with my silver dimes. There's a whole big, beautiful world outside the bunker. You should explore it sometime. RGDS!

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    edited November 3, 2024 6:42AM

    Bump because premiums have been a topic recently. Many folk who bought the high premiums of a few years ago may still be trying to breakeven, whle those who purchased low or no premium silver are realizing gains.



    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭

    @cohodk said:
    Bump because premiums have been a topic recently. Many folk who bought the high premiums of a few years ago may still be trying to breakeven, whle those who purchased low or no premium silver are realizing gains.

    anyone who bought a few years ago is realizing gains. Any reduction in premium since then has been more than compensated for with increase in spot. Figure your profit/loss on final sale, not final premium.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @derryb said:

    @cohodk said:
    Bump because premiums have been a topic recently. Many folk who bought the high premiums of a few years ago may still be trying to breakeven, whle those who purchased low or no premium silver are realizing gains.

    anyone who bought a few years ago is realizing gains. Any reduction in premium since then has been more than compensated for with increase in spot. Figure your profit/loss on final sale, not final premium.

    So the dude that bought the price shown below is realizing gains? Lol

    ASE are cheaper today than when this post was made yet spot is much higher. They absolutely have NOT been compensated.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    edited November 4, 2024 8:50PM

    @cohodk said:

    @derryb said:

    @cohodk said:
    Bump because premiums have been a topic recently. Many folk who bought the high premiums of a few years ago may still be trying to breakeven, whle those who purchased low or no premium silver are realizing gains.

    anyone who bought a few years ago is realizing gains. Any reduction in premium since then has been more than compensated for with increase in spot. Figure your profit/loss on final sale, not final premium.

    So the dude that bought the price shown below is realizing gains? Lol

    ASE are cheaper today than when this post was made yet spot is much higher. They absolutely have NOT been compensated.

    Not the guy who foolishly bought on your cherrypicked date. LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • dcarrdcarr Posts: 8,443 ✭✭✭✭✭

    The short-term spike in premiums circa 2021 was an artificial anomaly that should be disregarded, just like when the futures price for a crude oil contract went to NEGATIVE -$40 per barrel.

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:
    Bump because premiums have been a topic recently. Many folk who bought the high premiums of a few years ago may still be trying to breakeven, whle those who purchased low or no premium silver are realizing gains.

    anyone who bought a few years ago is realizing gains. Any reduction in premium since then has been more than compensated for with increase in spot. Figure your profit/loss on final sale, not final premium.

    So the dude that bought the price shown below is realizing gains? Lol

    ASE are cheaper today than when this post was made yet spot is much higher. They absolutely have NOT been compensated.

    Not the guy who foolishly bought on your cherrypicked date. LOL

    .

    I have never witnessed, or engaged in, an actual transaction of ordinary Silver Eagles where anyone paid more than $7 over spot.

    If someone did pay $15 over spot in 2021 for a Silver Eagle, it was probably just one or two coins purchased as a graduation gift, birthday present, etc.

    .

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @dcarr said:
    The short-term spike in premiums circa 2021 was an artificial anomaly that should be disregarded

    That was not the opinion or narrative of the silver bugs at the time. I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭

    @cohodk said:

    @dcarr said:
    The short-term spike in premiums circa 2021 was an artificial anomaly that should be disregarded

    That was not the opinion or narrative of the silver bugs at the time. I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    The opinion or narrative at the time was dictated by the premiums at the time. They have returned to normal. Get over it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭

    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    edited November 14, 2024 9:24AM

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    edited November 14, 2024 11:31AM

    @cohodk said:

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1

    So a 21 page thread that you initiated and heavily participated in is your specific proof of "propaganda?" :o

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    edited November 14, 2024 11:33AM

    @derryb said:

    @cohodk said:

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1

    So a 21 page thread that you initiated and heavily participated in is your specific proof of "propaganda?" :o

    Let's hear your propagation on "manipulation." LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1> @derryb said:

    @cohodk said:

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1

    So a 21 page thread that you initiated and heavily participated in is your specific proof of "propaganda?" :o

    Yup. I started the thread after YOU deleted the same exact thread that YOU started . You cried, couldnt handle the pressure and took your ball home. I felt bad for you and restated it..

    Yuo, the thread ypu heavily participate in. I'm sorry your narrative didn't work out for you.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    @derryb said:

    @derryb said:

    @cohodk said:

    @derryb said:

    @jmski52 said:
    I'm glad you have dismissed and rebuked the narrative of those who propagated this particular propaganda.

    What, exactly - was propaganda? Be specific and provide quotes.

    waiting. . .

    https://forums.collectors.com/discussion/1056803/silver-spot-vs-premium-tracking-thread/p1

    So a 21 page thread that you initiated and heavily participated in is your specific proof of "propaganda?" :o

    Let's hear your propagation on "manipulation." LOL

    That's everytime you wrote something.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭

    I'm sure everyone has enjoyed this back and forth. Way to go!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭

    @cohodk said:
    I'm sure everyone has enjoyed this back and forth. Way to go!!

    You're the one who likes to take threads off topic. Just following your lead.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    edited November 15, 2024 1:20AM

    @derryb said:

    @cohodk said:
    I'm sure everyone has enjoyed this back and forth. Way to go!!

    You're the one who likes to take threads off topic. Just following your lead.

    Everyibe on this forum takes threads off topic. That's just how conversations evelve.

    Now, back in line soldier!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

Sign In or Register to comment.