Metals being attacked just now

Discussion in 'Silver' started by banks kept their metals, Jul 20, 2015.

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  1. Jim4silver

    Jim4silver Well-Known Member

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    Actually, that might not be the case if silver keeps dropping like it has and doesn't level off for several months. Today silver is more expensive (here at least) than it was when silver was $1 higher. So if you bought when spot was $1 higher you paid LESS than you would pay today (if they even have the metals in the store). I know this sounds illogical, but so is that fact that paper silver keeps dropping yet people are buying physical silver so much it is causing wholesale delays.

    If silver drops even to $13 I imagine more wait and see buyers are going to come out of the woodwork and will help keep premiums high.

    Jim
     
    Jim4silver, Jul 22, 2015
    #41
  2. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Since I can buy it currently at $0.79 - $0.89 over spot, I guess I'm not too worried in skyrocketing premiums with lower prices.
    I shop around for deals everywhere and anywhere before any buying.

    ...but I do see your point. I have noticed premiums are "generally" highest when spot is the lowest.
    Since I'm so frugal, I'm able to find good deals eventually. lol
     
    -j-p-shmorgan, Jul 22, 2015
    #42
  3. TODDY TATTS

    TODDY TATTS Member

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    At those over spot prices do you have to add freight?
     
    TODDY TATTS, Jul 22, 2015
    #43
  4. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Yeah, freight is around $5....which is pretty negligible on decent purchases. :)
     
    -j-p-shmorgan, Jul 22, 2015
    #44
  5. hamannmj

    hamannmj New Member

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    agreed. A GSR of 74 is ridiculous. $3 premium is nothing, if silver is at $12. That makes the same buy as silver at $13.50 with a $1.50 premium...
     
    hamannmj, Jul 22, 2015
    #45
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