Why are there so many discounts recently on gold and silver?
tincup
Posts: 5,416 ✭✭✭✭✭
Just curious. I have been seeing multiple offers of some of the big boys..... offering silver... and gold.... at melt. Even some 90% at below melt. Earlier this week, one was offering ASE for melt. Are they just trying to stay liquid in a market that has been rather stagnant over the summer? Or... do they know something... such as a further decline coming up? Just does not seem to make sense to me.
----- kj
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And... seems strange that there is so much interest in US Mint products and hefty premiums.... but different story on the other silver and gold?
My guess would be cash flow-related.
Was it an offer of just one ASE coin (to bring in new customers) or multiple?
Yesterday received an email from J.M. Bullion to buy up to 3 gold Eagles at spot price with free shipping. Maybe they are also predicting a slight downturn and decide to get out now and free p cash flow.
Supply and demand. Retail is and has been weak since the big run up in metal prices. For demand to pick up again either prices need to drop, or people need to get used to the current levels being the new "normal". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount, when their inventory is up they sell at lower prices still making a profit.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Hmmm. No one ever thought that would happen
Knowledge is the enemy of fear
Yeah... quite a change from a couple of years back.
It was actually tor two.
sometimes a simple question requires a simple answer
No Way Out: Stimulus and Money Printing Are the Only Path Left
The correct answer is usually the most simple, not one that is wrapped around some conspiracy, manipulation, or nefarious narrative..
Knowledge is the enemy of fear
Maybe you should answer his question rather than provide your usual critique of someone else's answer.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I think I would have taken that deal. I just went to JM Bullion today and the lowest priced tenth oz gold eagle was $419. And that is if you buy 500. For one it is $427. I used their site to sell a customer a tenth oz gold for $380 out of the shop. I don’t see a low premium there. Maybe silver. I don’t know
``https://ebay.us/m/KxolR5
I just paid full CC price for a 1/10 AGE at Provident $369/delivered via CC (Yikes!!!). The $67 in CC rewards I was able to redeem this month made it a bit more bearable but still it hurts.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Good for you blitz. Not sure what hurts, but good for you to suffer a bit too.
``https://ebay.us/m/KxolR5
What hurts? Paying $302 net for a 1/10 of the physical AU when my overall DCA is less than half that. This inflation affects us all. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
When the big boys have a lot of inventory they sell stuff cheap to get rid of it and they are still profiting.
.> @derryb said:
If that answer is incorrect or insufficient then it should be critiqued. Don't you agree?
But yeah, to the OP, the higher prices go, the more volatile they become, which increases risk, and therefore demands greater hedging from buyers. Thus premiums disappear and discounts become more prevalent. Many have previously argued this premise as incorrect but are now realizing it to be true and factual.
Knowledge is the enemy of fear
Local show today, one dealer had 1/10 AGEs for $360. Many generic 10 oz silver bars for $390.
ohhhhh. wish i could have picked up 1/10, but ... money
It's just the market doing its thing. If you sell at this time, it will be discounted as well.
I knew it would happen.
Rickards is saying that there's no liquidity in the stock market. If true for the stock market, it is most likely true for precious metals as well at least in the short term (my opinion). China is selling bonds for more than one reason but mainly because they need cash in an illiquid market.
He also expects the yields on 10-year Treasuries to drop "a lot", which translates to a large price move upwards. (Now is when we should be hearing from coho to be buying bonds.)
Rickards also expects gold to make a strong move to the upside, so the question becomes gold vs. bonds - if he's right. He also talks about the tariffs, manufacturing jobs in the US and China's problems with youth unemployment. Interesting discussion.
I knew it would happen.
Has this rickards ever been right about anything? I wouldn't put much faith into his doomsday newsletters. Just saying. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
No need for a snarky comment. If you don't know anything about Jim Rickards, I'm going to let you do your own research. Good Luck.
I knew it would happen.
You and your newsletter salesmen keep preaching all this doom and gloom that never comes to fruition. At some point you you have to come to the realization that it's just a bunch of made-up malarkey. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Professional analysis based on experience and knowlege is far from preaching gloom and doom. These professionals publish at a cost to their readers, it is how they support their research. Keep reading the "free stuff" and see where it leads you. LOL
No Way Out: Stimulus and Money Printing Are the Only Path Left
Looks like JM is still trying to push gold with little premiums. His came this morning.
Just checked one seller website..... 9 different gold deals (including U.S. coins) at spot; and 3 deals under spot.
And 7 deals of silver at spot.... and 4 below spot. Including constitutional silver. So it continues...
Maybe because smart buyers of gold avoid the bars
No Way Out: Stimulus and Money Printing Are the Only Path Left
It seems to be either an opportunity or a snare. I’ve been doing this for so long that my motto is “it is worth how much it costs”. And it not worth selling unless there is a need or opportunity.
``https://ebay.us/m/KxolR5
crypto rotation?