Been away for a while: is $30 the new 1oz coin price?

[bungo]

I kinda lost the silver and gold bug back in 2012. Made quite a few purchases in 2009-2012, but I've not really played here since then.

Just recently I've been thinking of getting back into PMs, and this week's stockmarket volatility has only confirmed that more for me.

So when I lost interest, the spot price of silver was around $30-33 AUD per ounce. To buy a Perth Mint 1oz Kook or Kangaroo was around AUD$35-40 retail.

Now as of this afternoon the silver spot price is AUD $21.54 per ounce. I've been looking around, and it seems that around 30-33 bucks is the going price for a 1oz silver coin.

Is this just the new normal? (Yes, yes, I know about minting costs, profits etc meaning it's impossible to buy 1oz coins at spot price, but this seems a lot considering how much lower the spot is now than it was back in 2012)

Thanks all,

Bungo

 

[SilverDJ]

Nope, not even close to AU$30, the cheapest 1oz coin is under AU$24 for a tube.
http://www.perthbullion.com/shop/listings/1oz-silver/
Roos are under $26
Kooks are under $27

 

[halfpennyhousejm]

Ordered 20 of 2018 Kook direct from Perth mint landed cost in Victoria $556.44 = $27.80 2 days ago

 

[Silverling]

Deleted, wrong thread.

 

[silver kooka]

You can buy on this forum much cheaper. Saw ASE on here for $23 each recently.

 

[halfpennyhousejm]

Holding for my old age!

 

[bungo]

Thanks people. Good to know, and good to be back.

Bungo