Most coins are still going for $10 over spot. They've been maintaining this premium for over a year now. The lower the spot price goes, the greater the premium percentage. In % terms, the premium has increased from 25%>35% over the past 12 months.
BS has wide customers based, with tax/vat origin etc hence these customers would keep buying up to equilibrium pricing well have to keep the public discouraged from buying Platinum is low for 2021
Nothing big about US dollar strengthening on Zerohedge, perhaps people are getting liquid anticipating an Evergrande Blackswan.
The funny thing is the paper price of silver is being used to help these companies liquidate to cover their asses, yet the physical is becoming harder and harder to source. The mints and refiners must have an anger bar increasing towards the future markets lol. Wouldn't be surprised to see $20-21 tonight if the west is deep in Evergrande.
Kangas only $36.5 which is what , $5 over spot right now? Of course I don't know how many you can actually buy they probably have limits still.
I don't doubt you can get coins or rounds cheaper than $10 over spot, but many dealers are listing them with that premium. ABC have them for $10.50+ over spot (ABCs spot price is slightly higher than the actual spot price).
Strange even a walk in shop I went into the other day had kangas same price as perth mint ($39 at time). ABC Bullion should be offering better than that.
I went to a mid-size coin show here in Europe a week ago... there was a good selection of modern silver bullion available (ASE's, Maples, Phillies, PM coins you name it) but cheapest new bullion I could find was PM kangaroos at EUR27.50/ea (about $44.40). Had to pass on buying, I only got a 1990 ASE as a 'souvenir' (kangas are available in online coin shops here for $37.50- $38 atm).
yeah, that $13 silver that someone pick, it did not allow for accumulation and when it overshoot below near $12... there were no metals to be had. where else people who target near $14 and nibble, managed to accumulate and even buy at $13 just before the pice hit the rock. need a better handle for things, veterans do them best.