Premiums on silvercoins
- Thread starter ninteno
- Start date
I am not bothered by premium raise /drop or spot price up and down?
Silver cost me what it costs me at point of purchase plus shipping costs.
Small time stackers have an average cost/price inc shipping and couldnt care less about dealer /spot watchers because we are in it for wealth preservation not profit accumulation.
Silver cost me what it costs me at point of purchase plus shipping costs.
Small time stackers have an average cost/price inc shipping and couldnt care less about dealer /spot watchers because we are in it for wealth preservation not profit accumulation.
ninteno said:
Apmex premium on 2015 ASE fixed to 5.49 us$ (500 pcs)
Buying only a tube premium is 6.49
Unindependent from pos
another 10% premium increase within a few days
within 1 month premiums are from 4.29$ -> 5.49$ which is increase of about 28%
We should see soon a decline in premiums as there is so much silver around and buyers are no longer interested in.
US mint sales
July 5,529,000
August 4,935,000
September 2,804,500
Short before the end of september we can see falling demand by 60% to august and even more compared to July
The mint is a US gov driven bussiness, so no need to be good or not, or better to say nobody cares if they earn money or not.
If they cant sell more because they do not have blanks to mint are the blanks suppliers are also driven buy gov and do also not care to deliver and get hugh profits ?
I dont think gov will go deeper into this bussiness and take care about blanks.
If there are enough blanks and sales are down why we have a hugh premium ?
Is it a retailer scam ?
Who to belive ? MSM or alternative Media / Pumpers ?
Trustlevel is down to zero as interest trates are also for 7 years now.
As paper money and all derivates are based on trust to a third party we have to wonder how this financal system is still working.
Premiums as a % aren't the best way to think about it.
Sure spot goes down so % of premium rises relative, makes sense for the most part because fabrication cost and expenses are the premium itself. The premium does not reflect the metal at all, so judging it against the price of the underlying metal is largely misplaced. Sure there may be a slight carry cost of hedging for some may work out as a tiny % but it's a small component of the premium.
What's important as has been touched on is the actual $ cost of the premium. For example if 1.99 goes to 2.99 per oz, this rise is regardless of the underlying metal value and far more important to note.
Different point:
Another bad reason to stack unallocated is it's unlikely backed by actual "physical metal". This is something everyone can agree on. So if you want the metal itself and are not looking for immediate dollar value then hold physical or be at risk with the examples of Morgan Stanley or Bullion Direct.
Sure spot goes down so % of premium rises relative, makes sense for the most part because fabrication cost and expenses are the premium itself. The premium does not reflect the metal at all, so judging it against the price of the underlying metal is largely misplaced. Sure there may be a slight carry cost of hedging for some may work out as a tiny % but it's a small component of the premium.
What's important as has been touched on is the actual $ cost of the premium. For example if 1.99 goes to 2.99 per oz, this rise is regardless of the underlying metal value and far more important to note.
Different point:
Another bad reason to stack unallocated is it's unlikely backed by actual "physical metal". This is something everyone can agree on. So if you want the metal itself and are not looking for immediate dollar value then hold physical or be at risk with the examples of Morgan Stanley or Bullion Direct.
Monsta
Member
Miloman said:
Unallocated is there to add up smaller purchases and cash out into one bigger purchase with less premium. It's perfect for the guys that buy a couple of Maples each pay to stack away, but instead want to get bigger pieces.
If you are buying anything less than 10oz units in silver right now then you are being robbed blind on the premiums. Examples from a prominent Sydney retailer:
RCM:
10x 1oz Maples: $26.56ea, so $265.50.
1x 10oz Minted Bar: $237.00
Difference: $28.50, or 1.07 Maples. So you actually get 11+ ounces for the same money.
Perth:
10x 1oz 2016 Kookas: $25.61ea discounted at 10+, for $256.10.
1x 10oz cast bar: $239.30
Difference: $16.8, or 0.65 of a Kooka.
Be careful what you buy. Current market dictates that you should be buying fewer units of larger weights.
cant disagree but you can covert your unallocated to the real thing anytime also, win/win/winninteno said:
I'm not advocating having everything in unallocated, you can still maintain a nice stack for pleasure, but having all your eggs in one basket could be problematic
Monsta
Member
Miloman said:
Of course, but I am not saying to keep huge amounts in unallocated. Use it as a silver (or gold) savings account, and cash out when you have enough in there to warrant it - and for me that's 10oz RCM minted bars, or other 10oz low premium equivalent.
For me, it serves only two purposes.
1) Accumulate ounces, minimising premium.
2) Ability to strike at market at any time, maximising the benefits of the dips in spot that we are seeing right now. I guarantee that the price won't be this low tomorrow morning when I can get to an outlet to buy.
