Does australia pay higher premiums than america?

Discussion in 'Silver' started by weiwhey, May 6, 2011.

  1. weiwhey

    weiwhey New Member

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    http://store.scottsdalesilver.com/p...z-Bars{47}Ten-Pack---3-Week-Shipping-Estimate

    http://www.bullionbourse.com/#ecwid:category=584922&mode=category&offset=0&sort=priceAsc

    im new to this whole silver thing so sorry if this is obvious but how come in america they are paying 394.99 USD for "THE ONE" BY SCOTTSDALE - 1 OZ BARS/TEN PACK - 3 WEEK SHIPPING ESTIMATE
    and in australia we are paying 411.04 AUD 10 x 1oz Morgan 99.9% Silver bullion bar? not only for these bars but for other things aswell like coins?
    they are paying only 5 USD over spot, but we are paying 9AUD+?
     
    weiwhey, May 6, 2011
    #1
  2. fishball

    fishball New Member Silver Stacker

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    We pay higher premium for Overseas stuff and they pay higher premium for Perth Mint stuff, it kind of makes sense considering they have to ship that stuff..
     
    fishball, May 6, 2011
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  3. Silverthorn

    Silverthorn Well-Known Member

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    For sure. Bigger market in the US with quite a few mints putting out generic rounds to create plenty of competition.
     
    Silverthorn, May 6, 2011
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  4. Ernster

    Ernster New Member

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    Yes we Aussies get screwed in a lot of areas in life.

    Thats why I buy 10oz and KG bars it lessens the pain a little.
     
    Ernster, May 6, 2011
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  5. silverzine

    silverzine New Member

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    Wait until after Midday today. Bullion Bourse usually adjust their prices to reflect overnight drops then.
     
    silverzine, May 6, 2011
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  6. fishball

    fishball New Member Silver Stacker

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    Haha electronics premium, book premium, booze premium etc

    Sad stuff isn't it Ernster
     
    fishball, May 6, 2011
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  7. Ernster

    Ernster New Member

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    LOL you said it.

    Like all victims we get use to it and then blame ourselves :D
     
    Ernster, May 6, 2011
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  8. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    YES!
     
    Yippe-Ki-Ya, May 6, 2011
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  9. renovator

    renovator Well-Known Member

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    Shit i actually agree with yippee someone should get a camera & take a picture of this rare moment.
     
    renovator, May 6, 2011
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  10. grinners

    grinners Active Member Silver Stacker

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    Lol... check out kookaburras on gainsevillecoins.com... I assure you we pay a higher premium!
     
    grinners, May 6, 2011
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  11. pmfiend

    pmfiend New Member

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    We especially pay higher premiums on 1/10 gold
     
    pmfiend, May 6, 2011
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