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I was watching JM prices as silver was dropping today.

relicsncoinsrelicsncoins Posts: 8,231 ✭✭✭✭✭
edited February 5, 2026 8:23PM in Precious Metals

In real time they were increasing their premiums as silver dropped. In other words, they are trying to recoup losses using premium fees. Kind of shady if you ask me.

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Comments

  • MsMorrisineMsMorrisine Posts: 38,655 ✭✭✭✭✭

    do they hedge?

  • jmlanzafjmlanzaf Posts: 40,317 ✭✭✭✭✭
    edited February 6, 2026 4:21AM

    @relicsncoins said:
    In real time they were increasing their premiums as silver dropped. In other words, they are trying to recoup losses using premium fees. Kind of shady if you ask me.

    Why is it "shady" to try and recoup the money you spent for a commodity? There's no law or even JM promise to sell at a certain premium.

    True story. Buddy with a shop bought around 100 ounces on Wednesday afternoon at $75. Yesterday, he was selling at $80. The "premium" increased all day as silver dropped, but his profit wasn't. Woman came in yesterday afternoon and wanted to buy at spot ($70ish). My friend said he was at $80. She told him he HAD to sell at spot and started yelling at him. Lol.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • jmlanzafjmlanzaf Posts: 40,317 ✭✭✭✭✭

    @MsMorrisine said:
    do they hedge?

    They may. But hedging isn't a perfect vehicle when the price is moving rapidly.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,957 ✭✭✭✭✭

    That’d be like watching paint dry as it runs down the wall.

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  • fcfc Posts: 12,804 ✭✭✭

    What were all the other big online dealers doing at that time? I know they change premiums as well. Maybe not as quickly but they do. One moment 2 over spot. Refresh and it is 3. Who knows what algorithms come into play for their website and inventory.

    I have bought from several major online dealers and every once in a while I found JM to be the cheapest for what I was looking for. So I ordered.

  • 1630Boston1630Boston Posts: 14,155 ✭✭✭✭✭

    @fc said:

    I have bought from several major online dealers and every once in a while I found JM to be the cheapest for what I was looking for. So I ordered.

    I agree

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  • blitzdudeblitzdude Posts: 7,561 ✭✭✭✭✭

    @TwoSides2aCoin said:
    That’d be like watching paint dry as it runs down the wall.

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