Which "bullion" gold coins are bring the highest premiums over melt?
291fifth
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Why?
Why?
All glory is fleeting.
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American eagles - silver - $6-$7 over spot
Krugerrands - $60 bucks over
The real premiums are in generic US Gold $5's, $10's, $20's about $150-$200 over spot for junk
The reason - no physical gold in any real quantity available.
The prices quoted are for the paper market.
I also heard some silver buyers buying MINI contracts on the COMEX and wanting to "stand for delivery" at expiration......that will be fun....
<< <i>American eagles - gold - $80 bucks + over spot
American eagles - silver - $6-$7 over spot
Krugerrands - $60 bucks over
The real premiums are in generic US Gold $5's, $10's, $20's about $150-$200 over spot for junk
The reason - no physical gold in any real quantity available.
The prices quoted are for the paper market.
I also heard some silver buyers buying MINI contracts on the COMEX and wanting to "stand for delivery" at expiration......that will be fun.... >>
Yes, it will be interesting if buyers start taking delivery.
I don't dispute the fact that currently there is a large disconnect in prices between the 'paper' and 'physical' prices, I just don't think a shortage of the physical is the main reason for it.
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In another thread I posted the same thing:
If money was not an object, you could come here in my area and load up over 300 Oz of silver in 10 oz size or less with no problems. People have it, its just high as all he11 becuase they are in it too high! Gold the same thing, although not as much quantity due to $ value
jim
<< <i>2006 and 2007 PR70DCAM First Strike Buffalos, $1300-1800 over spot. Some PR70 $100 platinums would beat that though. --Jerry >>
Those are graded coins and the premiums are numismatic ... for people who want PCGS PR70DCAM pieces.
If you are holding and not selling........that means there is a "shortage" in the market.
Did I miss something?
Will the STRONG hands get weak?
<< <i>What matters most - is -
Will the STRONG hands get weak? >>
A very good question. Who knows what new unpleasant surprises are out there?
We all know the paper market is being sold short heavily by the Bullion Banks.....it is quite evident by the charts.....
Why is it so hard to believe when it happens to PM's, but everyone cries bloody murder when it is a financial stock that they own?