Home Precious Metals

Why are there so many discounts recently on gold and silver?

tincuptincup Posts: 5,429 ✭✭✭✭✭

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

Comments

  • tincuptincup Posts: 5,429 ✭✭✭✭✭

    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?

    ----- kj
  • WingsruleWingsrule Posts: 3,060 ✭✭✭✭

    My guess would be cash flow-related.

  • cinque1543cinque1543 Posts: 266 ✭✭✭

    @tincup said:
    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.

    Was it an offer of just one ASE coin (to bring in new customers) or multiple?

  • coastaljerseyguycoastaljerseyguy Posts: 1,613 ✭✭✭✭✭

    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.

  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭

    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????

  • derrybderryb Posts: 37,718 ✭✭✭✭✭

    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

  • RedneckHBRedneckHB Posts: 19,713 ✭✭✭✭✭

    @derryb said:
    The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount...

    Hmmm. No one ever thought that would happen

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tincuptincup Posts: 5,429 ✭✭✭✭✭
    edited August 15, 2025 8:15PM

    Yeah... quite a change from a couple of years back.

    ----- kj
  • tincuptincup Posts: 5,429 ✭✭✭✭✭

    @cinque1543 said:

    @tincup said:
    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.

    Was it an offer of just one ASE coin (to bring in new customers) or multiple?

    It was actually tor two.

    ----- kj
  • derrybderryb Posts: 37,718 ✭✭✭✭✭

    @RedneckHB said:

    @derryb said:
    The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount...

    Hmmm. No one ever thought that would happen

    sometimes a simple question requires a simple answer

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • RedneckHBRedneckHB Posts: 19,713 ✭✭✭✭✭

    @derryb said:

    @RedneckHB said:

    @derryb said:
    The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount...

    Hmmm. No one ever thought that would happen

    sometimes a simple question requires a simple answer

    The correct answer is usually the most simple, not one that is wrapped around some conspiracy, manipulation, or nefarious narrative..

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 37,718 ✭✭✭✭✭

    @RedneckHB said:

    @derryb said:

    @RedneckHB said:

    @derryb said:
    The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount...

    Hmmm. No one ever thought that would happen

    sometimes a simple question requires a simple answer

    The correct answer is usually the most simple, not one that is wrapped around some conspiracy, manipulation, or nefarious narrative..

    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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,636 ✭✭✭✭✭

    @coastaljerseyguy said:
    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.

    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

  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭
    edited August 16, 2025 4:37PM

    @TwoSides2aCoin said:

    @coastaljerseyguy said:
    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.

    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

    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????

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,636 ✭✭✭✭✭
    edited August 16, 2025 6:25PM

    Good for you blitz. Not sure what hurts, but good for you to suffer a bit too.

  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Good for you blitz. Not sure what hurts, but good for you to suffer a bit too.

    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????

  • Coins3675Coins3675 Posts: 529 ✭✭✭

    When the big boys have a lot of inventory they sell stuff cheap to get rid of it and they are still profiting.

  • RedneckHBRedneckHB Posts: 19,713 ✭✭✭✭✭

    .> @derryb said:

    @RedneckHB said:

    @derryb said:

    @RedneckHB said:

    @derryb said:
    The big boys do not have a crystal ball, only constantly revolving inventory. They buy a lot from the public at a huge discount...

    Hmmm. No one ever thought that would happen

    sometimes a simple question requires a simple answer

    The correct answer is usually the most simple, not one that is wrapped around some conspiracy, manipulation, or nefarious narrative..

    Maybe you should answer his question rather than provide your usual critique of someone else's answer.

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • WingsruleWingsrule Posts: 3,060 ✭✭✭✭

    Local show today, one dealer had 1/10 AGEs for $360. Many generic 10 oz silver bars for $390.

  • MsMorrisineMsMorrisine Posts: 36,148 ✭✭✭✭✭

    ohhhhh. wish i could have picked up 1/10, but ... money

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 23,291 ✭✭✭✭✭

    It's just the market doing its thing. If you sell at this time, it will be discounted as well.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 23,291 ✭✭✭✭✭
    edited August 18, 2025 4:02AM

    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.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭

    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????

  • jmski52jmski52 Posts: 23,291 ✭✭✭✭✭

    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.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭

    @jmski52 said:
    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.

    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????

  • derrybderryb Posts: 37,718 ✭✭✭✭✭

    @blitzdude said:

    @jmski52 said:
    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.

    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!

    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

  • coastaljerseyguycoastaljerseyguy Posts: 1,613 ✭✭✭✭✭

    Looks like JM is still trying to push gold with little premiums. His came this morning.

  • tincuptincup Posts: 5,429 ✭✭✭✭✭
    edited August 18, 2025 10:18AM

    Just checked one seller website..... 9 different gold deals (including U.S. coins) at spot; and 3 deals under spot.

    ----- kj
  • tincuptincup Posts: 5,429 ✭✭✭✭✭

    And 7 deals of silver at spot.... and 4 below spot. Including constitutional silver. So it continues...

    ----- kj
  • derrybderryb Posts: 37,718 ✭✭✭✭✭

    @coastaljerseyguy said:
    Looks like JM is still trying to push gold with little premiums. His came this morning.

    Maybe because smart buyers of gold avoid the bars

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,636 ✭✭✭✭✭

    @tincup said:
    And 7 deals of silver at spot.... and 4 below spot. Including constitutional silver. So it continues...

    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.

  • MsMorrisineMsMorrisine Posts: 36,148 ✭✭✭✭✭

    crypto rotation?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • tyler267tyler267 Posts: 1,306 ✭✭✭✭

    Demand for physical is down, lots of sellers, so wholesale premiums are negative right now.

  • AzurescensAzurescens Posts: 2,801 ✭✭✭✭✭

    This sounds stupid when I say it out loud but I never could have expected so much volatility in this sphere. Or I guess I should say, so many different facets of the different types of volatility that make up this sphere.

    I don't remember who gave me this advice but buying the best I could afford at the time has really paid off a lot. The higher end stuff and collector pieces stand strong when things get weird. People always want nice stuff and I appreciate that a lot.

  • pmh1nicpmh1nic Posts: 3,376 ✭✭✭✭✭

    I think these deals are direct at small retail buyers that even with the cuts in premiums find $3,400 gold and $38 silver expensive. If you're older and purchased at $1,800 and $18 the current price don't seem like a bargain and drive up your cost average.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • jdimmickjdimmick Posts: 9,791 ✭✭✭✭✭

    Locally,

    Only thing selling right now is small american 1/4 oz or less bullion gold, not world or commems or oddity stuff.
    silver eagles selling somewhat, no generic .999, no 90%. Junk silver dollars selling decent, but I have them at spot minus 2.00, if I were to raise it even a dollar, they would quit selling.

    taking thousands of dollars weekly to the wholesalers & or refinery

  • pragmaticgoatpragmaticgoat Posts: 878 ✭✭✭

    @pmh1nic said:
    I think these deals are direct at small retail buyers that even with the cuts in premiums find $3,400 gold and $38 silver expensive. If you're older and purchased at $1,800 and $18 the current price don't seem like a bargain and drive up your cost average.

    I can relate, and my dry powder pile is not so big anymore

    BST references:
    jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
    jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
  • blitzdudeblitzdude Posts: 6,629 ✭✭✭✭✭

    @jdimmick said:
    Locally,

    Only thing selling right now is small american 1/4 oz or less bullion gold, not world or commems or oddity stuff.
    silver eagles selling somewhat, no generic .999, no 90%. Junk silver dollars selling decent, but I have them at spot minus 2.00, if I were to raise it even a dollar, they would quit selling.

    taking thousands of dollars weekly to the wholesalers & or refinery

    You are currently selling morgans $2 back of melt? Man, I'd take em all at that price. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • Jinx86Jinx86 Posts: 3,717 ✭✭✭✭✭

    As a scrap guy I have never before melted, or shipped off as scrap so many $5's, 10's, and 20's. These are jewelry grade, vf/xf even AU material, nothing unc or at the moment, but I still get them in scrap from others who need the cash flow.

    No this will not make them rare.
    No one is lining up to buy them at melt.

  • MsMorrisineMsMorrisine Posts: 36,148 ✭✭✭✭✭

    what's the buy rate for scrap?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • RedneckHBRedneckHB Posts: 19,713 ✭✭✭✭✭
    edited August 30, 2025 4:26AM

    Are folk at least getting spot for ASEs?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 23,291 ✭✭✭✭✭

    taking thousands of dollars weekly to the wholesalers & or refinery

    Of which? 90%, or silver rounds, or just jewelry?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • AzurescensAzurescens Posts: 2,801 ✭✭✭✭✭

    @RedneckHB said:
    Are folk at least getting spot for ASEs?

    I bought some convincing artificially toned ASE back when it was 18. Sold at my local B&M. Last time I sold there I unloaded maples for +2 over spot. We have a good working relationship and he told me he just can't take them at any more than a few bucks back of spot.

    I trust him and we've done good business so I believe him. I made money so it wasn't that big of a deal but it was kind of startling to hear. I guess I just didn't expect it.

  • bigjpstbigjpst Posts: 3,191 ✭✭✭✭✭

    Got a $31 offer on a vintage silver round on an online platform Friday. Currently listed for sale at $39.

  • tincuptincup Posts: 5,429 ✭✭✭✭✭

    @bigjpst said:
    Got a $31 offer on a vintage silver round on an online platform Friday. Currently listed for sale at $39.

    That sounds just a little low!

    ----- kj
  • bigjpstbigjpst Posts: 3,191 ✭✭✭✭✭

    @tincup said:

    @bigjpst said:
    Got a $31 offer on a vintage silver round on an online platform Friday. Currently listed for sale at $39.

    That sounds just a little low!

    I agree. There are lots of people I’ve met over the years that have a price that they “believe” something is worth. No matter what the current market price is.
    A price that they used to pay. Coins are no different. I have people make me offers that are way lower than the exact items are currently selling for, and tell me it’s only worth what they offered. Good times.

Sign In or Register to comment.