@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.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
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.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat