Shanghai physical or comex paper price?

[1for1]

Hi Stackers, seems like people are still transacting using the comex paper price in Australia when buying and selling physical.

My thoughts are seeing India is now moving away from this and that the Shanghai physical premium is about $12 over comex Paper price. How long before Aussies follow suit and move to the physical bullion pricing? Seems like a natural eventuation given price discovery mechanisms are leading to this higher premium. what are your thoughts?

 

[Azure]

If anyone buys and get comex silver delivered let me know.

The current 1oz coin price im seeing is about 140-200/oz.

So Comex 5000oz contracts are trading at a pretty big discount to spot at the moment...

*wink*

 

[leo25]

Dealers in Australia are finding people have almost stopped buying silver at current prices and you think increasing the cost another $12 will suddenly make people want to buy?

The lowest price i've seens 1oz kangaroos go for atm is $129 AUD (with spot at $115) and i think this premium will continue to fall over time.
Historical norm for kangaroos is about $5 above spot, but i don't think it will get this low again as kangaroos have become more popular.

 

[1for1]

Dealers in Australia are finding people have almost stopped buying silver at current prices and you think increasing the cost another $12 will suddenly make people want to buy?

The lowest price i've seens 1oz kangaroos go for atm is $129 AUD (with spot at $115) and i think this premium will continue to fall over time.
Historical norm for kangaroos is about $5 above spot, but i don't think it will get this low again as kangaroos have become more popular.

Buyers are one thing but who is going to sell at the comex price? I think we know the west are sellers an the east are buyers.

Physical tightness in the west usually happens when prices go up we see bullion stores start to impose wait times.

Physical arbitrage will become more common if the disparity between easy and West prices continues.

Geographic dissonance price differentials are generally only short term so if this continues I am sure physical prices will be adjusted up.

 

[Azure]

PM kangaroos at 129 with spot at 115? And they have stock?

Across yhe board of bullion deals of late all im seeing is like...

OR.. basicly empty stocks.

TBH, tho. I think your right on sales volumes lately...
But id put it to lack of diversity, stock on hand, and no real interested in buying back at anything close to reasonable prices to stock the shelves.

At the abover prices.. gee.. i wonder why they would have stopped...

Where are you seeing that 129?
Lucky if you can get per oz for KG bars as far as I can see.

Im sure when i updated my excel spreadsheet of perhaps 10 online prices like: friday ... average was about 160 with a deviation of about $5.

 

[trew]

You must be only looking at the most expensive sites - try Bullion Now and Liberty Bullion