Silver spot vs premium tracking thread

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  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited May 22, 2022 5:01PM
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    in today's investment environment (hard commodities) are we going to see a spike in glitter metal (gold)premiums?

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

  • ShadyDave
    ShadyDave Posts: 2,218 ✭✭✭✭✭
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    Metals usually get hammered in the beginning of market downturns and that is what we are seeing right now. With rates surely to continue to increase through the summer (next fed meeting is mid June), I'm confident we will see more downward movement on AU and AG or at least upward resistance.

    I'm waiting to see how much the fed decides to increase rates from that June 2022 meeting, 50bp vs 75bp before I start buying paper gold and silver. Physical premiums are too high for me and I'd rather be lazy and just click a mouse a few times to buy/sell.

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
    edited June 11, 2022 7:15PM
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    @cohodk said:

    Premium dropped. $2.99 over vs $3.49 over a month ago.

    >
    >

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:
    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

    Good to be a contrarian then, eh?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @cohodk said:

    @derryb said:
    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

    Good to be a contrarian then, eh?

    yes, there's only so many worms, even for the early bird.

    If the premiums bother you buy silver forks and spoons.

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

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    From 5/19/22:

    Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.3%, on generic 1 oz. rounds is 24.2% and on ASEs is 69.8%.

    Today's data (6/12/22):

    Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 36.0%, on generic 1 oz. rounds is 24.7% and on ASEs is 63.1%.

    So, the current situation looks to be about the same as in mid-May concerning silver premiums - still at, or near all time highs. No doubt that smart buyers are looking to private sales to clip some of those high premiums off the price, but I'm still noting some transactions are still taking place on BST in spite of the high spot price.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:

    @cohodk said:

    @derryb said:
    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

    Good to be a contrarian then, eh?

    yes, there's only so many worms, even for the early bird.

    Lots of worms out there. You want to pay the single item mark-up or get the volume discount?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Today's data (6/13/22):

    Current Apmex premiums on a nominal small qty (10 oz or so) of 90% is 37.2%, on generic 1 oz. rounds is 25.5% and on ASEs is 69.6%.

    Stock market and silver both have a down day - and silver premiums go UP across the board. The sellers don't believe in the Comex spot prices, obviously.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @jmski52 said:

    Stock market and silver both have a down day - and silver premiums go UP across the board. The sellers don't believe in the Comex spot prices, obviously.

    Time for a divorce lawyer?

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

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @cohodk said:

    @derryb said:

    @cohodk said:

    @derryb said:
    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

    Good to be a contrarian then, eh?

    yes, there's only so many worms, even for the early bird.

    Lots of worms out there. You want to pay the single item mark-up or get the volume discount?

    I'm currently buying quality items much closer to spot than ASEs. One does not have to buy a "brick" to get a bargain.

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @derryb said:
    demand determines premium. Obviously 100 oz bars are at the bottom of the list. . .

    . . . and ASE's (63% premium) remain hot.

    Good to be a contrarian then, eh?

    yes, there's only so many worms, even for the early bird.

    Lots of worms out there. You want to pay the single item mark-up or get the volume discount?

    I'm currently buying quality items much closer to spot than ASEs. One does not have to buy a "brick" to get a bargain.

    Indeed not. I got 90% for spot over the weekend. Most folk dont buy brinks because they only have $50. Not a very stable or deep market if its only comprised of pikers.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.

    Slowly climbing over the past year it is now at 70%.

    "Ain't it funny how the night moves?" - Bob Seger

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:
    When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.

    "Ain't it funny how the night moves?" - Bob Seger

    Has anyone who has bought an ASE since this thread started made any money?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited June 23, 2022 3:02PM
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    @cohodk said:

    @derryb said:
    When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.

    "Ain't it funny how the night moves?" - Bob Seger

    Has anyone who has bought an ASE since this thread started made any money?

    APMEX

    The money being made in the last year on ASEs by myself and other independent sellers is on the ASEs they bought years earlier at much lower prices and premiums. These 70% premium ASEs will pay off when premium hits 100%, much sooner if silver hits $45.

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

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    I'm showing gutter further in the gutter since this thread began. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @blitzdude said:
    I'm showing gutter further in the gutter since this thread began. RGDS!

    that's because I'm making the profits that you are not. LOL.

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

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @derryb said:

    @blitzdude said:
    I'm showing gutter further in the gutter since this thread began. RGDS!

    that's because I'm making the profits that you are not. LOL.

    No doubt about it Ace. :roll

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:

    @cohodk said:

    @derryb said:
    When this thread began in May 2021 the premium for a single APMEX silver eagle (plus shipping) was 45%.

    "Ain't it funny how the night moves?" - Bob Seger

    Has anyone who has bought an ASE since this thread started made any money?

    APMEX

    The money being made in the last year on ASEs by myself and other independent sellers is on the ASEs they bought years

    And the little guy is buried again. Fatten them up on mis/disinformation then lead them to slaughter.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited June 25, 2022 2:33PM
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    Not knowing when to hold them or when to fold them is a poor excuse at the table and in the markets.

    Those profiting now on ASEs bought years back are also the little guys. Little guys buying at today's premiums will, just like us little guys before them, have to wait for the market to turn in their favor. Physical silver profits are not made over night. They are made over time. And yes, I'm currently a little guy buyer at today's prices - just very selective in what I buy.

    Those that got fattened up on the misinformation years back of "choosing ASEs" are now fattening their wallets. LOL

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    We have never seen you post a link recommending or supporting selling ones silver holdings. What do they call one says one thing yet does the opposite?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    I have for years made many forum posts recommending silver over gold. I have specifically recommended ASEs and RCM 10 oz. bars. Both are now selling at higher premiums than most other silver products. I do not recall ever recommending one to sell physical silver.

    Concerning links, you will likely never find a recommendation to sell if the link is for an outfit trying to sell metal. They want you to buy, not sell.

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
    edited June 27, 2022 4:10AM
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    @derryb said:
    I do not recall ever recommending one to sell physical silver.

    Exactly. Doing one thing while saying the opposite.

    Buy silver for insurance but sell if if you have a profit which makes it an investment. Ideology of convenience.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited June 29, 2022 10:57AM
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    @cohodk said:

    @derryb said:
    I do not recall ever recommending one to sell physical silver.

    Exactly. Doing one thing while saying the opposite.

    I take exception at your accusation of dishonesty. I have been clear in the past that I buy and sell PMs, diverting profits to more raw metal. In the past I have advised that those buying metal should prefer silver and that ASEs should be the silver of choice. I do not advise people WHEN to buy OR when to sell precious metals. I have been clear on what I prefer to buy and when I am buying. The fact that I have not advised anyone to sell has nothing to do with my own buy and sell efforts.

    So if you're gonna accuse one of dishonesty, get your ducks in a row. You and Blitzboy should take your personal attack show on the road, this is not the place for it.

    Buy silver for insurance but sell if if you have a profit which makes it an investment. Ideology of convenience.

    I once cashed in a life insurance policy because I could purchase a better one cheaper. Was that original policy an investment? Taking profits to turn around and buy more dollar insurance at a cheaper price is not cashing in an investment. It is wise allocation of resources.

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

  • NateSr007
    NateSr007 Posts: 12 ✭
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    I buy silver monthly regardless of price. However, if I was to jump into the market of $20 or below spot making a larger purchase (taking little guy here, not dealer level) premiums would need to go down.

    Premiums are always set on what consumers are willing to pay for a product.

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:
    So if you're gonna accuse one of dishonesty, get your ducks in a row. You and Blitzboy should take your personal attack show on the road, this is not the place for it.

    Never accused you of dishonesty. You do however post a lot of mis/disinformation from which you create an opinion. I dont think that comes from an attempt to be dishonest, i think it comes from ignorance.

    Fortunately, many folk have differing opinions based on fact, logic and reason and we express those. You attack those who do not see things your way or are proven incorrect.

    I do not "attack" you anymore than you "attack" me. I do however "attack" your links to mis/disinformation, just as everyone should.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited July 1, 2022 6:02AM
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    We've had this conversation more than once, obviously time to have it again.

    The links to info I post are from respected, experienced professionals in the field of precious metals. The fact that their opinion differs from yours or that you do not respect them does not make their professional opinion any less valid. The differing opinions of many folks here are likely based on input from widely varying sources. That you would shut down any of those sources that disagree with what you believe to be true only removes fact, logic and reason from the formula that forms opinion. I don't always agree with the opinions of others that I post. But it is not my place, nor yours, to screen the input that others receive.

    My "attacks" are on those who think it is their job to decide what other should be privy to. I imagine most here are mature and experienced enough to form their own opinions. Those opinions should be formed with unbridled access to information.

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:
    Those opinions should be formed with unbridled access to information.

    Agreed 100 million billion percent!!! And I should hope you would agree the same that those opinions should not be formed with unbridled access to mis- and disinformation.

    https://youtu.be/NQ7Zgb3YQSU

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited July 6, 2022 6:59AM
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    And you are the Queen of Misinformation?

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
    edited July 6, 2022 10:55AM
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    @derryb said:

    And you are the Queen of Misinformation?

    No...but you are.

    It appears to be you are quite comfortable with mis/disinformation.

    You ain't prepared.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    Yep, you the sharpest tool in the shed. LOL

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @derryb said:
    Yep, you the sharpest tool in the shed. LOL

    And it's a big shed. The biggest. No one ever thought a shed could be so big.

    You still ain't prepared.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Dollar premium is same but percentage premium is up. See, I told you so. I was right!!! Haha

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    74% premium on an APMEX silver eagle before shipping costs? Who woulda thunk? LOL

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

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    LOL you and those APMEX silver eagles, you should be about broke by now. BTW I bought some Au from the big A 5 days ago. Still hasn't shipped. Tulving IIIIXVI?

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    talk to cokhed, he's the one that created this APMEX ASE thread. LOL.

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

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
    edited July 29, 2022 5:23AM
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    @derryb said:
    talk to cokhed

    Really dummyb ,or derriere? We could do this forever. Is that what you want?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    apologies, typo - fat fingers, big hands

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

  • Sparrow99
    Sparrow99 Posts: 5 ✭
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    Last gutter I purchased was under spot. RGDS!

  • Sparrow99
    Sparrow99 Posts: 5 ✭
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    Last gutter I purchased was under spot. RGDS!

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    @Sparrow99 said:
    Last gutter I purchased was under spot. RGDS!

    Nice, CNGRTS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • dcarr
    dcarr Posts: 10,255 ✭✭✭✭✭
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    @blitzdude said:

    @Sparrow99 said:
    Last gutter I purchased was under spot. RGDS!

    Nice, CNGRTS!

    You have an alternate ID now ?

    Moonlight Mint
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
    edited August 6, 2022 12:43PM
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    @dcarr said:

    @blitzdude said:

    @Sparrow99 said:
    Last gutter I purchased was under spot. RGDS!

    Nice, CNGRTS!

    You have an alternate ID now ?

    Gutter fans apparently. Perhaps it was you. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • dcarr
    dcarr Posts: 10,255 ✭✭✭✭✭
    edited August 6, 2022 2:19PM
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    @blitzdude said:

    @dcarr said:

    @blitzdude said:

    @Sparrow99 said:
    Last gutter I purchased was under spot. RGDS!

    Nice, CNGRTS!

    You have an alternate ID now ?

    Gutter fans apparently. Perhaps it was you. RGDS!

    You are not a person that I would choose to emulate.

    Is this a case of "imitation is the sincerest form of flattery" or is it a case of narcissism ?

    Moonlight Mint
  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
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    I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    U.S. Mint Silver Shortages Explained

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

  • dcarr
    dcarr Posts: 10,255 ✭✭✭✭✭
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    @blitzdude said:
    I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!

    The two forum IDs are the only two that ever wrote "RGDS!".
    And Sparrow99 has all of 5 posts in history.
    That is why they seem to be one and the same.

    Moonlight Mint
  • PerryHall
    PerryHall Posts: 47,748 ✭✭✭✭✭
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    @dcarr said:

    @blitzdude said:
    I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!

    The two forum IDs are the only two that ever wrote "RGDS!".
    And Sparrow99 has all of 5 posts in history.
    That is why they seem to be one and the same.

    Agree. Allts frequently give themselves away with their unique writing style and choice of words. RGDS! ;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • blitzdude
    blitzdude Posts: 7,721 ✭✭✭✭✭
    edited August 7, 2022 5:54AM
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    @dcarr said:

    @blitzdude said:
    I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!

    The two forum IDs are the only two that ever wrote "RGDS!".
    And Sparrow99 has all of 5 posts in history.
    That is why they seem to be one and the same.

    Don't rush out and quit your day job. Message board detective you are not. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @dcarr said:

    @blitzdude said:
    I can't control what others choose to do. @Sparrow99 purchased gutter under spot. I congratulated him / her, you seem to be the only one that has a problem with it. RGDS!

    The two forum IDs are the only two that ever wrote "RGDS!".
    And Sparrow99 has all of 5 posts in history.
    That is why they seem to be one and the same.

    There actually are several who have ended their comments with "rgds". Utilization of the search feature will bear this out.

    Imagine the discourse when it is discovered that derryb and I are actually one. 🙂

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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