Came from Zero Hedge FWIW.... https://www.zerohedge.com/commoditi...llion-dealers-offering-huge-buy-back-premiums
I think the high interest rates have been holding back people from discretionary investing but with Christmas coming I think we’ll see a breakout in sales which should see a further increase in premium. As to whether this translates as an increase in spot we wait to see.
Same in Australia. The Perth Mint has limits on the Lunar coins. "A" dealer had limits of from 1 to 3 coins per account for the 1 oz silver lunar coins. Allocations are tight and there's too many bullion dealers.
I can't understand why BN did that? Many other dealers in oz have no limit on how many you can buy and still can't seem to sell out. Mean while Apmex is selling them for close to $60 AUD.