its a situation where you will need to buy at market, or else they sold out on the items you wanted if you wait further, it wold be sold out the price refused to drop you do what can be done, BIN under $20 spot, but premium never drop anyway wait till next time for bullion others can wait continue with the plan 10 ozs a month, 100 oz each year etc
What makes you think that? As The USA goes into fall and winter, COVID will bring more disruption. Perth have increased premiums on their coins; that's when and if customers can get it. 1oz Kangaroos, remain on allocation, once a customers allocation is reached that's it. 1oz Emu's had an allocation of only 20. 1oz Pixiu is / was 20 last week. There was 328 1oz Koala's last week, that were listed in the afternoon, not long after opening the next business day they were gone. Gold products are no existent at Perth, as are, at the moment the following silver coins: Kooks, Koala's, Pixiu, Mouse, Mouse privy, Emu, Brumby. All 2oz are not available, there's no Welcome stranger, Kook Mother and Baby or Mouse. The 5oz Mouse won't be seen again. The 10oz Kook has taken flight. All the kilo coins are out of stock. No 10oz Bars No 100oz Bars Kilo bars are available but shipping is $35 plus + Optional insurance of ten bucks. Demand is huge and Perth knows it, they know folk are sitting on the web site all day waiting for coins to be dribbled in and it's even worse here on SS, have you seen the volume of hits on some of the listings? Demand is up, about 70% are buying, 30% are selling but many of the sales are from folk who purchased at the highs of 2012 who are trying to recoupe losses. Any silver that is reasonably priced is getting snapped up quickly. Edit Perth have had to buy back coins from LPM. Blanks are being made hand over fist for the overseas markets.
Silver supply here in the states is low too. Not much to choose from with high premium or not. My lcs sells to me for spot, of course he didnt have much either. He said he cant keep much in stock
Any chance we end up in a internet of things world where silver and gold is worthless? Thanks to your old mate Bezos.
I was at the mint yesterday to collect an order and noticed how scant the display cabinets were, although they did have a few fractional gold mice, roos, 1oz emu, double dragon and a few random bars. Silver wise there was a 1oz roo, kook and a kilo bar, but absolutely nothing else! I bet the staff there are sick and tired of telling customers what they don’t have!
Don't know about Q4, but I've been observing a gradual reduction in premiums locally and increase in availability of low premium bars and coins over the past 3 months. Strangely, I noticed some platinum stock arriving over the past 2 weeks or so. Platinum was mostly sold out in May and June. And no, I didn't say because of bullionnow.com.au.
No because you need silver and gold to make things including those computer parts the interwebs are hosted on. So will always have value.
Cheers; well, please consider giving the forum a link to these lowered premium dealers, I'd love to buy. Good news on the platinum but I haven't seen any price reductions, the metal seems to be more divorced from the spot price than ever. Regardless, these are very interesting times. Do you think the Aussie dollar will tank?
money supply Keeps expanding , same time silver & gold go to zero!? stop using tinfoil hat My $100 buy lesser goods every year.
A Brumby is a free-roaming feral horse in Australia, they are the descendants of escaped or lost horses, dating back in some cases to those belonging to the early European settlers
Premiums of coins on BS website has reduced. Yesterday, they had a sale of 2020 Maples for around $23 usd per coin, about 20% premium. I didn't buy any as the price is still too high for me (I paid $17.50 for my maples), but premium has definitely reduced from 3 months ago. A quick google shows that LPM and SDbullion, Goldsilverbull are offering similar prices. Platinum premiums has always been high, I'm waiting for a better price. Don't know about AUD, but it appears to track copper.
I just moved part of my SGD to USD. Will the AUD tank? I don't know, but I don't think the stock market can sustain until the end of the year which means a correction by Sept is required before the US elections.
Like I been saying we are going to test this monthly level on silver . If we can trigger expansion.. would be explosive