@CoinHoarder said:
From what I can see, the premiums being charged on 90% "junk" silver, have not gone down with the substantial drop in the price of silver.
Why?
The price of silver you refer to is the spot price for futures contracts. Physical silver is a different market and higher priced because there is no paper promise involved. If you want real silver you must pay the real price.
The first thing any buyer of silver needs to understand is the difference between futures (spot) prices and physical prices. Most important is an understanding of why.
"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
Comments
The price of silver you refer to is the spot price for futures contracts. Physical silver is a different market and higher priced because there is no paper promise involved. If you want real silver you must pay the real price.
The first thing any buyer of silver needs to understand is the difference between futures (spot) prices and physical prices. Most important is an understanding of why.
"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