Premiums.

Azure

Azure

Well-Known Member
Silver Stacker
It's where the snipers hide out waiting on the sales threads to drop, and the lowballers toe the line on direct PMs for a better deal.

Spot prices we quote and reference as well...
are they Comex? Shanghi? European or... Australian?
Is it the ETPMAG or XAGAUD?
Do we know, what we are referencing?

Whats your thoughts on the premiums that disappeared on the climb to 170,
And now with backlogs, dealers buy sell spreads compaired to the bid, and ask... and offerings...

Are you looking to sell above sspot and buy back below?
How wide is your personal trading spread? And wheres it centered these days?

Is their discount on volume? Or does volume, bulk, represent a better point in time decision and opportunity that youd even pay for?
Instead of 30x delivery fees on 3.6oz of scrap at a time...

Is it silly to post WTB at spot -20% anymore?
What do you get from a dealer if you walk in with 100oz mixed bag 1oz collectables these days?

I've seen people post items for spot, and others for spot +40% and wondering...
Whats fair?
 
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The whole demographic has changed. Retail margins are crazy .
That's on the refiners mostly , yes some dealers are taking the piss at the same time .
Want to sell here with crazy premium's :rolleyes:.
Good luck with that , that's never worked here .
The general vibe here ,is you have to beat retail price , otherwise I'm going retail .
 
Interesting topic for sure. The spread on margins is huge, retailers asking for massive premiums for physical silver for example but buy back price is a joke. Example now (2:50pm Feb 20th) the ABC Bullion sell price for their 1kg silver bar is $4,636, their buyback price is $3,234, a 'gap' of $1,402!

So sellers on here look at this and try to slide in as 'reasonable' being not as bad as the big retailers. Usually such items stay without any interest, the items that sell are the more reasonable offers, not a razor thin margins as before but certainly not the crazy prices that are in the retail market.

I have enough stacked from way before to get involved in this market now :) But I have picked up some from Bullion Now recently when they had deals much better than ABC Bullion.......and better than being offered here.
 
Ghost Story said:
Once it goes sideways for a while, things will settle down?
Click to expand...
Yes the premiums ideally should settle down if that happened. Looking at the market today its up $4/troy oz USD...pretty big swings from week to week. I bought in at $75 the other week worried it was going to $65 but it went right back to $80 instead.

Its a double edge sword when the price goes up for stackers and collectors.
 
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