@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. 🙂
You and Derryb no way. Derryb and taxmad quite possibly.
Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 69.1%, on generic 1 oz. rounds is 28.7% and on ASEs is 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
Looks like the market is still at odds with Crimex, uh, Comex.
Q: Are You Printing Money? Bernanke: Not Literally
Assuming that the Apmex price for a small quantity was about $2.00 higher than their best price as it is right now, the premium on ASEs back when the thread started was 52.5%, compared to 72.0% which it was less than 2 hours ago.
The premium has increased substantially during a declining market. This seems pretty normal, as most silver buyers are reluctant to take a loss in the short run.
Q: Are You Printing Money? Bernanke: Not Literally
If it's the premium we are so excited about then how can one just buy premium without being saddled with the metal?
The excitement over higher silver premiums is the fact that it establishes a break of physical metal from being saddled by spot price. Sellers and buyers of ASEs are saying "$crew the paper traders and price fixers." This sentiment has held up for many months. How long before other physical silver products (and gold) see the same disconnect?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 69.1%, on generic 1 oz. rounds is 28.7% and on ASEs is 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
Looks like the market is still at odds with Crimex, uh, Comex.
Keep on buying at OVERPREMIUMmex. LOL they can teach dollas but apparently for a select few they cannot teach sense.
If it's the premium we are so excited about then how can one just buy premium without being saddled with the metal?
The excitement over higher silver premiums is the fact that it establishes a break of physical metal from being saddled by spot price. Sellers and buyers of ASEs are saying "$crew the paper traders and price fixers." This sentiment has held up for many months. How long before other physical silver products (and gold) see the same disconnect?
The buyer of an ASE at beginning of this thread is down almost 15%. And that's at full retail offer price. If he sells at wholesale bid hes down double that.
@jmski52 said:
At this moment, there is $300 face of 90% silver on BST at a premium of 35%, compared to the current Apmex premium of 40.3% for a $500 face bag.
For comparative purposes, this thread is based on Apmex, but the private market is a bit lower premium, which is pretty normal.
The buyer of an ASE at beginning of this thread is down almost 15%. And that's at full retail offer price. If he sells at wholesale bid hes down double that.
Because of declining spot price, not growing premiums.
What was it again that's broken?
Spot price mechanism. When supply is unlimited (paper contracts from thin air) and demand is false (spoofing) there is no legitimate market.
Keep an open mind, or get financially repressed -Zoltan Pozsar
@jmski52 said:
At this moment, there is $300 face of 90% silver on BST at a premium of 35%, compared to the current Apmex premium of 40.3% for a $500 face bag.
For comparative purposes, this thread is based on Apmex, but the private market is a bit lower premium, which is pretty normal.
And it still wont sell.
If not it will be because the seller won't break up the rather large $6K lot without raising the currently very competitive premium.
Keep an open mind, or get financially repressed -Zoltan Pozsar
@jmski52 said:
At this moment, there is $300 face of 90% silver on BST at a premium of 35%, compared to the current Apmex premium of 40.3% for a $500 face bag.
For comparative purposes, this thread is based on Apmex, but the private market is a bit lower premium, which is pretty normal.
And it still wont sell.
If not it will be because the seller won't break up the rather large $6K lot without raising the currently very competitive premium.
@jmski52 said:
At this moment, there is $300 face of 90% silver on BST at a premium of 35%, compared to the current Apmex premium of 40.3% for a $500 face bag.
For comparative purposes, this thread is based on Apmex, but the private market is a bit lower premium, which is pretty normal.
And it still wont sell.
If not it will be because the seller won't break up the rather large $6K lot without raising the currently very competitive premium.
$6000 is a lot? Heck no. If spot was at $27 it would disappear in a heartbeat. Whats a lot is the "goodwill" attached to it. I'm sure taxman could help us a bit with that concept and how it impacts a balance sheet.
This in no way shape or form should be construed as belittling the seller or his wares. We are merely commenting on perceived value and the market in general.
Hello, I am new here, but been stacking for 20 yrs. I am looking for a forum to buy and sell more bullion type of silver. I like to diversify, so sometimes I buy too much of one thing, and ready to move into some other products. Any suggestions? Thank You.
As of today, the Apmex premium on a nominal small qty (10 oz or so) of 90% is 48.2%, on generic 1 oz. rounds it is 32.6% and on ASEs it is 74.4% - based on Apmex's sell price vs. Kitco's bid price.
(The percentages are slightly less using Apmex's spot price as a reference, which I've found to be erroneously high - so I don't use it - I am using Kitco's bid as the denominator instead.)
On August 12th, the Apmex premiums on a nominal small qty (10 oz or so) of 90% the premium was 69.1%, on generic 1 oz. rounds it was 28.7% and on ASEs it was 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
The trend on premiums still appears to be going higher over time.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52: it is interesting to track sell/buy ratios, but it would be more interesting to relate them both to some consistent “spot”.
For small quantity sales, does anyone have access to data on kitco (or other) buy to spot over the past few years. Has it kept up with the sell/spot premium?
A better picture might include both the buy/sell spread and the premium over spot as time goes by, but my objective was mainly to get a handle on what the premiums are doing in the context of this struggling market.
If the supply is limited for whatever reason and sellers are holding fast such that physical metal can't be had at reasonable premiums, it could validate the supposition that Comex just can't obtain sufficient inventory and is dancing around the issue as long as possible.
I guess it would be useful to know how much Comex is actually shipping out, compared to previous periods.
Q: Are You Printing Money? Bernanke: Not Literally
I thought it might be meaningful to document the premiums on a day like today, while silver is up $1.60 (8.4%).
As of today, the Apmex premium on a nominal small qty (10 oz or so) of 90% is 55.1%, on generic 1 oz. rounds it is 32.7% and on ASEs it is 89% - based on Apmex's sell price vs. Kitco's bid price.
On September 23, the Apmex premium on a nominal small qty (10 oz or so) of 90% was 48.2%, on generic 1 oz. rounds it was 32.6% and on ASEs it was 74.4% - based on Apmex's sell price vs. Kitco's bid price.
(The percentages are slightly less using Apmex's spot price as a reference, which I've found to be erroneously high - so I don't use it - I am using Kitco's bid as the denominator instead.)
On August 12th, the Apmex premiums on a nominal small qty (10 oz or so) of 90% the premium was 69.1%, on generic 1 oz. rounds it was 28.7% and on ASEs it was 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
So, it does appear that silver premiums on smaller amounts of silver bullion continue to rise significantly. What does this mean? It means that silver isn't being sold at spot by anyone who has physical - not today anyway.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Either you miss the point of my question entirely, or you are doing your usual besmirching - which is how it appears to me.
The question isn't whether you get a better deal buying in small increments or buying in bulk.
I'm going to leave it for you to ponder what the point of my question might possibly be, as if you cared - which you obviously don't.
Dude. You have your opinion and I have mine. Seems more like you are "besmirching". I do care. I just dont follow your reasoning because it appears to be based more on assumption and supposition.
@jmski52 said:
The funny thing is - it's his own thread that he couldn't resist blowing up.
What's funny is this is derby's thread. I took his ball and he pouted so I gave it back to him.
Since this thread was started folj have been able to buy silver in any form at lower and lower dollar cost. This thread has not proven to show increased demand, nor does it show higher prices being paid. It has not shown any disconnect between spot and physical as both have moved lockstep.
@derryb said:
Creating a new point is one's way of creating distraction from the original point. Those that agree with the new point have been distracted.
Yes...one must always be the first to tell the lie (or supposition). That sets the foundation of belief. We've seen this played out in real life. Now the truth doesnt matter and facts are ignored.
@cohodk said:
This thread has not proven to show increased demand, nor does it show higher prices being paid. It has not shown any disconnect between spot and physical as both have moved lockstep.
Then you are beyond blind.
Keep an open mind, or get financially repressed -Zoltan Pozsar
When this thread started it took $42+ to buy an ASE, last week on this forum they were $30. Spot went down, physical went down--any by nearly the same percentage.
Blind are those who live in caves, bunkers or have head in sand.
Blind are those who live in caves, bunkers or have head in sand.
As the saying goes "It sure is dark down in the gutter". RGDS!
By George, you're right! It does sorta look like a gutter.
Oh snap! Back to where it was 15 years ago. Luvin me SLV (and every other asset on planet earth the last 2 days). LOL
So you hate silver ("gutter"), but you "Luvin" SLV ?
Here is some news that I will actually enjoy bringing to you:
Over its entire life span SLV has ALWAYS performed WORSE than silver. This is because the amount of silver in each "share" of SLV has, and always will, decline over time. And SLV has no premium, unless you consider an increasingly negative premium a "premium".
Blind are those who live in caves, bunkers or have head in sand.
As the saying goes "It sure is dark down in the gutter". RGDS!
By George, you're right! It does sorta look like a gutter.
Oh snap! Back to where it was 15 years ago. Luvin me SLV (and every other asset on planet earth the last 2 days). LOL
So you hate silver (so called "gutter"), but you "Luvin" SLV ?
Here is some news that I will actually enjoy bringing to you:
Over its entire life span SLV has ALWAYS performed WORSE than silver. This is because the amount of silver in each "share" of SLV has, and always will, decline over time.
I click a button to buy and click a button to sell. It takes seconds, no time fumbling around on eBay trying to recoup premiums, no trips to the vultures at the LCS. Time is $$$$. Besides this is the precious metals fourm Au etc. Gutter is not a PM, hell it's a byproduct of copper mining. The got to pump it to dump it. LOL RGDS!
Comments
You and Derryb no way. Derryb and taxmad quite possibly.
The whole worlds off its rocker, buy Gold™.
had to switch accounts. Yep
Keep an open mind, or get financially repressed -Zoltan Pozsar
How many used all capital letters and an exclamation point as in "RGDS!" ?
Only the two.
Detective Carr. lol
The whole worlds off its rocker, buy Gold™.
Today's date: 8/12/22
Putting things into perspective, the Apmex premiums on a nominal small qty (10 oz or so) of 90% is 69.1%, on generic 1 oz. rounds is 28.7% and on ASEs is 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
Looks like the market is still at odds with Crimex, uh, Comex.
I knew it would happen.
ASEs are $4.5 less than when the thread started. Spot is down $6.
Losses abound.
If it's the premium we are so excited about then how can one just buy premium without being saddled with the metal?
Knowledge is the enemy of fear
Assuming that the Apmex price for a small quantity was about $2.00 higher than their best price as it is right now, the premium on ASEs back when the thread started was 52.5%, compared to 72.0% which it was less than 2 hours ago.
The premium has increased substantially during a declining market. This seems pretty normal, as most silver buyers are reluctant to take a loss in the short run.
I knew it would happen.
At this moment, there is $300 face of 90% silver on BST at a premium of 35%, compared to the current Apmex premium of 40.3% for a $500 face bag.
For comparative purposes, this thread is based on Apmex, but the private market is a bit lower premium, which is pretty normal.
I knew it would happen.
sounds like premiums have increased.
Keep an open mind, or get financially repressed -Zoltan Pozsar
The excitement over higher silver premiums is the fact that it establishes a break of physical metal from being saddled by spot price. Sellers and buyers of ASEs are saying "$crew the paper traders and price fixers." This sentiment has held up for many months. How long before other physical silver products (and gold) see the same disconnect?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Keep on buying at OVERPREMIUMmex. LOL they can teach dollas but apparently for a select few they cannot teach sense.
The whole worlds off its rocker, buy Gold™.
The buyer of an ASE at beginning of this thread is down almost 15%. And that's at full retail offer price. If he sells at wholesale bid hes down double that.
What was it again that's broken?
Knowledge is the enemy of fear
And it still wont sell.
Knowledge is the enemy of fear
Because of declining spot price, not growing premiums.
Spot price mechanism. When supply is unlimited (paper contracts from thin air) and demand is false (spoofing) there is no legitimate market.
Keep an open mind, or get financially repressed -Zoltan Pozsar
If not it will be because the seller won't break up the rather large $6K lot without raising the currently very competitive premium.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Stack On! lol
The whole worlds off its rocker, buy Gold™.
Keep on buying at OVERPREMIUMmex. LOL they can teach dollas but apparently for a select few they cannot teach sense.
Pay attention. The basis for this thread in tracking premiums is Apmex pricing.
I knew it would happen.
.> @derryb said:
$6000 is a lot? Heck no. If spot was at $27 it would disappear in a heartbeat. Whats a lot is the "goodwill" attached to it. I'm sure taxman could help us a bit with that concept and how it impacts a balance sheet.
This in no way shape or form should be construed as belittling the seller or his wares. We are merely commenting on perceived value and the market in general.
Knowledge is the enemy of fear
Hello, I am new here, but been stacking for 20 yrs. I am looking for a forum to buy and sell more bullion type of silver. I like to diversify, so sometimes I buy too much of one thing, and ready to move into some other products. Any suggestions? Thank You.
@oldman1950 - Welcome. There is a B-S-T (Buy-Sell-Trade forum) here at PCGS, and there is also a BST thread here in the precious metals forum.
I knew it would happen.
Greg Hunter this weekend's interview with Bill Holter:
Premiums as follows:
100 oz silver bars @ $3 to $4 over spot
Silver Eagles @ $14 to $15 over spot, if you can find them
Gold Eagles @ $9 over spot
pre-1933 gold, common date, certified - barely available at all
I knew it would happen.
Theres a whole box of em available for $5 over.
Knowledge is the enemy of fear
please show me where to get gold eagles for $9 over spot
I plan on buying more tomorrow. Dollar cost averaging.
So, If I were you guys, I'd short the market.
please show me where to get gold eagles for $9 over spot
Try Miles Franklin - Bill Holter is a broker there. How much over spot are you finding?
I knew it would happen.
How much over spot are you finding?
Never mind, I just looked at Apmex. They are only $170 over spot, (if you buy 100 pieces). Try Miles Franklin anyway.
I knew it would happen.
You need to back up your statement with some evidence.
Today's date: 9/23/22
As of today, the Apmex premium on a nominal small qty (10 oz or so) of 90% is 48.2%, on generic 1 oz. rounds it is 32.6% and on ASEs it is 74.4% - based on Apmex's sell price vs. Kitco's bid price.
(The percentages are slightly less using Apmex's spot price as a reference, which I've found to be erroneously high - so I don't use it - I am using Kitco's bid as the denominator instead.)
On August 12th, the Apmex premiums on a nominal small qty (10 oz or so) of 90% the premium was 69.1%, on generic 1 oz. rounds it was 28.7% and on ASEs it was 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
The trend on premiums still appears to be going higher over time.
I knew it would happen.
@jmski52: it is interesting to track sell/buy ratios, but it would be more interesting to relate them both to some consistent “spot”.
For small quantity sales, does anyone have access to data on kitco (or other) buy to spot over the past few years. Has it kept up with the sell/spot premium?
A better picture might include both the buy/sell spread and the premium over spot as time goes by, but my objective was mainly to get a handle on what the premiums are doing in the context of this struggling market.
If the supply is limited for whatever reason and sellers are holding fast such that physical metal can't be had at reasonable premiums, it could validate the supposition that Comex just can't obtain sufficient inventory and is dancing around the issue as long as possible.
I guess it would be useful to know how much Comex is actually shipping out, compared to previous periods.
I knew it would happen.
I'd like to know actual prices paid. Has anyone on the forum bought an ASE in the last 30 days and if so what did you pay?
Knowledge is the enemy of fear
$18 each. They were those stupid painted ones, but a bit of acetone took the paint right off. RGDS!
The whole worlds off its rocker, buy Gold™.
gutter paint
Keep an open mind, or get financially repressed -Zoltan Pozsar
Yup just when you thought there wasn't a way to make gutter metal any less attractive. Add gutter paint or Taco Bell sauce. THKS!
The whole worlds off its rocker, buy Gold™.
I thought it might be meaningful to document the premiums on a day like today, while silver is up $1.60 (8.4%).
As of today, the Apmex premium on a nominal small qty (10 oz or so) of 90% is 55.1%, on generic 1 oz. rounds it is 32.7% and on ASEs it is 89% - based on Apmex's sell price vs. Kitco's bid price.
On September 23, the Apmex premium on a nominal small qty (10 oz or so) of 90% was 48.2%, on generic 1 oz. rounds it was 32.6% and on ASEs it was 74.4% - based on Apmex's sell price vs. Kitco's bid price.
(The percentages are slightly less using Apmex's spot price as a reference, which I've found to be erroneously high - so I don't use it - I am using Kitco's bid as the denominator instead.)
On August 12th, the Apmex premiums on a nominal small qty (10 oz or so) of 90% the premium was 69.1%, on generic 1 oz. rounds it was 28.7% and on ASEs it was 72.0%.
In June, the Apmex premiums on a nominal small qty (10 oz or so) of 90% was 37.3%, on generic 1 oz. rounds it was 24.2% and on ASEs it was 69.8%.
So, it does appear that silver premiums on smaller amounts of silver bullion continue to rise significantly. What does this mean? It means that silver isn't being sold at spot by anyone who has physical - not today anyway.
I knew it would happen.
It means folk who buy jelly beans one at a time pay more per bean than those that buy the whole bag.
And while there are lots of bags available, folk are only comfortable buying one bean at a time.
And some folk think Jelly belly are better than brachs.
Knowledge is the enemy of fear
Either you miss the point of my question entirely, or you are doing your usual besmirching - which is how it appears to me.
The question isn't whether you get a better deal buying in small increments or buying in bulk.
I'm going to leave it for you to ponder what the point of my question might possibly be, as if you cared - which you obviously don't.
I knew it would happen.
Creating a new point is one's way of creating distraction from the original point. Those that agree with the new point have been distracted.
Keep an open mind, or get financially repressed -Zoltan Pozsar
The funny thing is - it's his own thread that he couldn't resist blowing up.
I knew it would happen.
Dude. You have your opinion and I have mine. Seems more like you are "besmirching". I do care. I just dont follow your reasoning because it appears to be based more on assumption and supposition.
Knowledge is the enemy of fear
What's funny is this is derby's thread. I took his ball and he pouted so I gave it back to him.
Since this thread was started folj have been able to buy silver in any form at lower and lower dollar cost. This thread has not proven to show increased demand, nor does it show higher prices being paid. It has not shown any disconnect between spot and physical as both have moved lockstep.
What's funny is that you believe otherwise.
Knowledge is the enemy of fear
Yes...one must always be the first to tell the lie (or supposition). That sets the foundation of belief. We've seen this played out in real life. Now the truth doesnt matter and facts are ignored.
Bizarro world indeed.
Knowledge is the enemy of fear
Then you are beyond blind.
Keep an open mind, or get financially repressed -Zoltan Pozsar
When this thread started it took $42+ to buy an ASE, last week on this forum they were $30. Spot went down, physical went down--any by nearly the same percentage.
Blind are those who live in caves, bunkers or have head in sand.
https://www.nationalgeographic.com/science/article/the-olm-the-blind-cave-salamander-that-lives-to-100#:~:text=It's the olm, a blind,the ability to sense electricity.
Knowledge is the enemy of fear
As the saying goes "It sure is dark down in the gutter". RGDS!
The whole worlds off its rocker, buy Gold™.
By George, you're right! It does sorta look like a gutter.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Oh snap! Back to where it was 15 years ago. Luvin me SLV (and every other asset on planet earth the last 2 days). LOL
The whole worlds off its rocker, buy Gold™.
@blitzdude said: "Luvin me SLV (and every other asset on planet earth the last 2 days)."
Including Credit Suisse stock!
So you hate silver ("gutter"), but you "Luvin" SLV ?
Here is some news that I will actually enjoy bringing to you:
Over its entire life span SLV has ALWAYS performed WORSE than silver. This is because the amount of silver in each "share" of SLV has, and always will, decline over time. And SLV has no premium, unless you consider an increasingly negative premium a "premium".
I click a button to buy and click a button to sell. It takes seconds, no time fumbling around on eBay trying to recoup premiums, no trips to the vultures at the LCS. Time is $$$$. Besides this is the precious metals fourm Au etc. Gutter is not a PM, hell it's a byproduct of copper mining. The got to pump it to dump it. LOL RGDS!
The whole worlds off its rocker, buy Gold™.