Bullionmark just increased the premium

Discussion in 'Silver' started by wiggles, Apr 17, 2013.

  1. wiggles

    wiggles Member

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    Pretty sure the premium on at least the NTR 10oz slabs just went up.

    I always found them to be the cheapest but it looks like they just marked it up.

    Anyone else notice this?
     
    wiggles, Apr 17, 2013
    #1
  2. Dustin

    Dustin New Member

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    Can't speak for down under, but the OPM kilo bars I used to get on provident have gone from 59 cents over spot to 1.49 over spot in the last few days...
     
    Dustin, Apr 17, 2013
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  3. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    You should be happy. Physical price is beginning to de-couple from paper price. Isn't that what we all want?
     
    Shaddam IV, Apr 17, 2013
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  4. Gunna

    Gunna Member Silver Stacker

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    No as the spot price stays the same or drops but premiums are going up instead of the premiums reducing to stay within a % of spot
     
    Gunna, Apr 17, 2013
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  5. Andy28

    Andy28 Well-Known Member

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    Its not great when you want to sell back to the dealer and they offer you spot (or less)
     
    Andy28, Apr 17, 2013
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  6. argentum_tumulus

    argentum_tumulus New Member

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    I noticed one of the dealers had the Aussie dollar at less than parity so the exchange rate used is working against us even though it shouldn't.
     
    argentum_tumulus, Apr 17, 2013
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  7. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I think with dealers that there is a point of diminishing return. Their premium over spot pays rent, wages, profit, etc. Let's say that figure is 5% of $30/oz or $1.50. Once spot falls below $30 they convert from a percentage above spot to a premium over spot. It is their cost of doing business. It is up to the buyer to shop around if he finds it unacceptable.

    Bearing in mind the comment that physical and precious have decoupled, the buyer holding physical has an inbuilt premium.
     
    sammysilver, Apr 17, 2013
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  8. Guest

    Guest Guest

    Your right, however an increasing disconnect must happen before the physical price will be essentially all that matters. Sooner or latter the market speculators in silver who fiddle with the price will have to pay a 100% for their futures contracts I believe. When this happens, the physical market will be the dominating factor for the silver price.

    Bring on the genuine disconnect!
     
    Guest, Apr 18, 2013
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  9. Andy28

    Andy28 Well-Known Member

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    fair enough. For someoneone who claims to be in it for the long haul, i certainly need more patience!
     
    Andy28, Apr 18, 2013
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  10. Ghost Story

    Ghost Story Active Member

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    you can always buy paper , that sells at spot, plus fee's
     
    Ghost Story, Apr 18, 2013
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  11. Andy28

    Andy28 Well-Known Member

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    wow looks like KJC has put their premiums up as well. I bought some bars there a few days ago when spot was very close to what it is now, but the 10 x 10oz rate for the NTR bars has gone up $1 an ounce.
     
    Andy28, Apr 18, 2013
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  12. bloomst

    bloomst Well-Known Member Silver Stacker

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    Oh well...what to do? Either pay extra premium at dealer or not buy at all, since not too many selling in here and ebay prices still the same as per dec last year.
     
    bloomst, Apr 18, 2013
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  13. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    We all want that!

    .....but only if that means the price is cheaper....in fiat....

    :rolleyes:
     
    RetardedMonkey, Apr 18, 2013
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