silver premiums are quickly dropping. example in the post.
fc
Posts: 12,793 ✭✭✭
http://www.apmex.com/Product/43306/10_oz_999_Fine_Silver_Bars___Silvertowne_LIVE.aspx
buy 20 - 10 oz silvertowne bars.. and you pay 130.20 each when i
posted this. 13.20 an ounce without adding in s/h.
spot is 10.72. 2.48 premium per ounce. The more you buy the more
you can save obviously.
not as stupid high as it was 3-4 months ago eh? When 4-5 bucks
was the norm to buy for mere mortals.
falling now days at regular intervals it seems. i imagine by summer it
will be a 1.00-1.50 or so. With silver at 9-10 bucks an ounce.
buy 20 - 10 oz silvertowne bars.. and you pay 130.20 each when i
posted this. 13.20 an ounce without adding in s/h.
spot is 10.72. 2.48 premium per ounce. The more you buy the more
you can save obviously.
not as stupid high as it was 3-4 months ago eh? When 4-5 bucks
was the norm to buy for mere mortals.
falling now days at regular intervals it seems. i imagine by summer it
will be a 1.00-1.50 or so. With silver at 9-10 bucks an ounce.
0
Comments
<< <i>falling now days at regular intervals it seems. i imagine by summer it
will be a 1.00-1.50 or so. With silver at 9-10 bucks an ounce. >>
Dream on.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>I think the lowest I've seen it on Apmex lately was silver for $1.99 an ounce over spot, not bad at all. >>
even lower actually for 100 oz JM bars. 1212.00 for 100 ounces.
with ask now at 10.83 that is 1.29 premium per ounce.
the smaller bars will continue to fall with the larger.. albiet slower
due to demand from the mere mortals wanting to get on the band
wagon.
<< <i>
<< <i>falling now days at regular intervals it seems. i imagine by summer it
will be a 1.00-1.50 or so. With silver at 9-10 bucks an ounce. >>
Dream on. >>
see post above. it aint dreaming.
and thanks for your input.
<< <i>I think the lowest I've seen it on Apmex lately was silver for $1.99 an ounce over spot, not bad at all. >>
I bought 200 1 oz. Buffalo's for $1.49 over spot and a 100 oz. JM bar for $1.29 over spot at APMEX.
clad just posted this in another thread...
as i was saying. premiums are dropping. 49 cents difference then
what i just mentioned in my first post. 1.99 premium.
<< <i>
<< <i>
<< <i>falling now days at regular intervals it seems. i imagine by summer it
will be a 1.00-1.50 or so. With silver at 9-10 bucks an ounce. >>
Dream on. >>
see post above. it aint dreaming.
and thanks for your input. >>
There is a pattern to your posts. It is a constant and consistent disparaging of the metals market.
It's clear to most that it is nothing more than your own personal desires and couching them in some sort of analysis doesn't do anything to make it seem more clinical.
You're never there when prices are moving up, only when they are turning down, however brief it may be. Yet there you are with the consistency of a tick in summer. It does get old and I know I'm not the only one who is weary of it.
You have the mindset of a flipper and would probably be better served on an eBay forum. I think those are people with whom you share far more "values" than those of us around here. People should simply be aware of where you are coming from. It's not critcal thinking, it's wishful thinking.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
since this is a forum i also throw in my opinions.
please just ignore me. you get offended too easily and it is boring.
everyone here knows you dislike others who have different opinions
then you about PMs, especially me and a few others.
i really have no clue why you bother post in my threads.
edited for spelling and to add a few sentences.
Quite the opposite, actually.
While there is more silver coming into the investment market, smaller generic units are being produced, there is no shortage of investors to buy them up.
In fact, it would appear there are more people paying ever more dollars to aquire that which has become available.
Some of this stuff is so generic that just 18 months ago, it wouldn't have brought even the spot price.
It remains a seller's market and with that, the premiums will continue to the degree the market allows.
The spot price still remains disconnected to perceived value, and that's all that really matters when you get down to it.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>dead i am just stating the facts. premiums are dropping.
since this is a forum i also throw in my opinions.
please just ignore me. you get offended too easily and it is boring.
everyone here knows you dislike others who have different opinions
then you about PMs, especially me and a few others.
i really have no clue why you bother post in my threads.
edited for spelling and to add a few sentences. >>
Your edited post is crap, based on nothing but hurt feelings.
Your theads? Whew.....
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
If this is a market where true junk can maintain a premium (and it is), then it's a very much stronger market than it has been for the past 28 years. Premiums for a green monster box of Silver Eagles have backed off from $4.99/oz. to $3.99/oz. That's not weakness in quantities of 500 oz.
I knew it would happen.
I would imagine the premuims will continue, but to not such extreme and will probably not widen should PMs fall. IE, if the premium is $2 or 20% with spot at $10, then I think it will still be 20% or, $1.60 with $8 silver. In either case, holders of silver will still see their relative value drop from 12 to 9.60.
Also, the longer spot remains in a tight range, the smaller the premiums will be. This is due to lack of "urgency" and "apathy" on behalf of buyers. Much like option premiums increase in the stock market with greater volatily. If 6 months from now silver is still in the 9-10 range, then I would not be suprised at all to see bullion trade with $1-$1.50 premium.
If silver goes up, then I would expect the premiums to shrink substantially. And if spot silver were to really explode higher, I would expect the premium to actually be a discount.
FWIW---I have noticed much more silver for sale on the BST than in recent months. In full disclosure, I have been a buyer, but not because I expect an upturn in silver prices, but rather for numismatic purposes.
Knowledge is the enemy of fear
The premiums jumped due to a supply shortage of physical silver, mainly in the smaller-sized units. That situation has been working itself off gradually as private mints have been active in producing new 1 oz. rounds and bars, but could recur practically at any time if another supply shortage rears up.
Who's been blindly saying that the premiums are going to increase?
A spike in silver premiums really depends on the market conditions, doesn't it?
I knew it would happen.
Yes!
<< <i>Yes!
Surprised it took you this long.
Birds of a feather......
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I will be happy to be buying silver at $10 an ounce. The entire world economy sucks right now, there isnt much industrial demand and few people have any money. But now Obama says he is looking at $1,000,000,000 + deficits per year for the next several years. Several states economies are in the toilet. How long can they keep spending absurd amounts of money and it not lead to major inflation.
What are you guys invested in ? You got your money in a saving account earning 2% ? Is your money in the stock market ? Nothing is an absolute guarantee but I would be willing to bet anything that silver will outperform gold, stocks, platinum, 2% savings acct's, etc over the next 5 years.
None of us expect silver to be $50 an ounce tommorow. Let it fall to $9 an ounce, we will just keep buying. But the world economies WILL come back, and we WILL have to deal with this massive spending and when that happens silver will be no where near $9 an ounce. Silver is a great investment, its just not an overnight thing.
<< <i>What are you guys invested in ? >>
Precious metals and real estate here.
I believe that in time I will be just fine. I like my chances better here than anything else I'm aware of.
Silver has been very good to me over the years.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
This might increase demand a little and with almost all siver being a byproduct of other mining, which is falling dramatically, it might just have a good run soon.
<< <i>
I will be happy to be buying silver at $10 an ounce. The entire world economy sucks right now, there isnt much industrial demand and few people have any money. But now Obama says he is looking at $1,000,000,000 + deficits per year for the next several years. Several states economies are in the toilet. How long can they keep spending absurd amounts of money and it not lead to major inflation.
<< <i>
Here is good article. link
What if the people revolt and force the govt's to stop spending absurd amounts of money? The cure for this is to reach a sustainable economic level. We were too high and trying to maintain that high is not the answer.
Knowledge is the enemy of fear
<< <i>How long can they keep spending absurd amounts of money and it not lead to major inflation
What if the people revolt and force the govt's to stop spending absurd amounts of money? The cure for this is to reach a sustainable economic level. We were too high and trying to maintain that high is not the answer. >>
I doubt that will ever happen. People want the government to spend huge amounts of money, because they benefit from it. They may say they want smaller deficits but will scream bloody murder if any programs get cut. OH NO!!! You are cutting funding to schools! Think of the children!!!! Or "You can't cut my ridiculously overgenerous pension benefits, or social security benefits, or medicaid benefits!!!! I won't survive!!!"
The only way to pay for this all is heavy(not hyper) inflation. The people will never stand for less government spending. Most of the country would look like the L.A. riots if you cut these sacred, multi trillion government "entitlement" programs.
Only answer is reduced services combined with higher taxes.
Knowledge is the enemy of fear
I agree with you that the responsible solution is more taxation and less spending. I just don't think the citizens are going to go for it. They have been spoiled for too long.
<< <i>Good luck with that. Increasing taxes on already overtaxed citizens who are seeing their asset values and salaries plummet will be a disaster. You will create a disincentive to work and tax revenues will stay the same or actually drop. Cutting services and expenses is next to impossible too. Once people get used to a service it is exceptionally difficult to get them to give it up. Good luck getting public employees to accept lower wages or fewer pension benefits. Their unions are strong and well organized.
I agree with you that the responsible solution is more taxation and less spending. I just don't think the citizens are going to go for it. They have been spoiled for too long. >>
Agreed. However Europeans pay about twice what we do in taxes, so there is much more blood to squeeze. The unions are beginning to suffer greatly. A local union by me lost $150 million--their entire retirement fund-- with Madoff. Do you think their members are going to be supportive of the union bosses? As the economy worsens and unions continue to play hardball, they will not get whatever work there is. Individuals will break from the unions and work wherever possible as they have families to feed.
This thread has gotten off topic though, sorry FC.
Knowledge is the enemy of fear
<< <i>
This thread has gotten off topic though, sorry FC.
no problem. i enjoy reading this stuff.
and someone in another post mentioned NWT mint as an even
cheaper source of 10 oz silver bars. But most everyone knew about
that here and since the delivery time has been 2-3 months... no one
takes it very seriously.
premiums are dropping!
<< <i>I dont see how inflation will solve the problem. All that would do is increase the costs of the very programs you are trying to support.
Only answer is reduced services combined with higher taxes. >>
You can't possibly believe that politicians are gonna cut social spending and raise taxes, they value getting re-elected to much to do that.
This would also surely push the country and the rest of the world into a depression. I'm sure you know that the FED and the government want inflation not deflation, inflation gives people the false sense of security that their assets are going up in value while deflation destroys the value of everything in it's path.
<< <i>
<< <i>I dont see how inflation will solve the problem. All that would do is increase the costs of the very programs you are trying to support.
Only answer is reduced services combined with higher taxes. >>
You can't possibly believe that politicians are gonna cut social spending and raise taxes, they value getting re-elected to much to do that.
This would also surely push the country and the rest of the world into a depression. I'm sure you know that the FED and the government want inflation not deflation, inflation gives people the false sense of security that their assets are going up in value while deflation destroys the value of everything in it's path. >>
Exactly. And that is precisely why we have had 80 years worth of inflation. Can we make it 100 years?
Politicians will NEVER cut programs, but they will freely raise your taxes.
Knowledge is the enemy of fear