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sammysilver said:
I can’t help feeling that we’re living the dip today. It doesn’t have to go down to be a dip, just a steady rise over the next few months will show that today is the buying opportunity.
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Hate to quote myself but the time is nigh!

I’ve been harping since the new year, DCA and buy the dip. Any dip now will be higher than $38!

That addresses spot, but what about premiums? Will they be going up at a greater rate than spot?

What is cheap silver now???
 
sammysilver said:
That addresses spot, but what about premiums? Will they be going up at a greater rate than spot?
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I've yet to see any premium increase in 1kg or larger bars. I recently saw a dealer sell a large silver bar at almost spot.

I don't understand why people are paying massive premiums just to have coins? Maybe the crypto crowd have redirected their cash to silver coins as it's more fun?
 
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mmm....shiney! said:
CB purchases began increasing from about 2011, during the first 7/8 years the POG fell, it's only been rising since about 2020 so the correlation is not consistent across the decade. There's probably a higher correlation with the strengthening USD and increasing debt.

Most of the CBs purchasing gold have been from emerging markets/countries with high levels of debt denominated in foreign currencies etc, Take Turkey or China for instance. There's another post floating around looking at the reasons why CBs are buying gold, hedging their currencies and debt exposure were a couple of the reasons. They're not buying it because they like shiny yellow metal or because they view it as an alternative currency.
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Yeah we were just talking about the cb hedging with gold as the economy declines, not the price dips over the years.

I dont see any correlation between cb buying gold and spot price.
 
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