Year of the snake 10 oz bars up to 0.99 over from 0.89 over NTR 10 oz 0.99 from 0.79 2013 Maples - 3.49 from 2.39 Philharmonics - 3.19 from 2.09 or 2.29 can't remember
Businesses are in business to make money. You can't make money by selling things for less than you paid for them.
Certainly not my loss. I already picked some up when premiums were lower and I wouldn't buy at these premiums. If they continue raising premiums, they'll just be sitting on their inventory. If they don't move stuff, they won't be able to make payroll and they'll go bankrupt. Actually that's a good outcome. Any ****ty unreliable broker should get wiped out. Serves them right for trying to screw over their customers.
Not entirely sure what your point is. It seems reasonable (just like every time someone talks about premiums) that the businesses haven't had time to update their prices. Do you also complain when the premiums shrink as the prices of the underlying commodity go up?
They've actually spent time updating the premiums. That's why the change, don't you think? If you read my first post, you won't see me complaining. That was just an FYI for other members here. Goldmart was a great place to buy earlier today, but with the hike in premiums, it may be better to look elsewhere. That's the point I was trying to make. Sorry if I came off as a whiner.
Mostly, I don't understand what you're saying. They're selling Maples for $24.85, which is apparently $2.09 above spot. I really think most of the "premium" calculations are automated, but the actual prices are manually adjusted. http://www.goldmart.com/1-oz-canadian-silver-maple-leaf.html Edit: BTW, they're out of stock on most silver, so they might just not be updating the prices until they have something to sell.
Those have been sold out since at least Thursday and have not been updated. They've upped the premiums on everything that they still have in stock. For example, http://www.goldmart.com/2013-1-oz-canadian-silver-maple-leafs.html
When I think of undeserved premiums, I think of the hundreds of thousands of people who will be happily handing over $150.00 in about 3 and 1/2 weeks to the U. S. Mint for 2 ounces of silver (oh, and a presentation case, of course.)
Hi folks, There will be some natural premium appreciation in any down market like the one we're in now. However, what we're looking for is an abnormal divergence between the paper price and the physical price. Econ 101 supply/demand curves good people. When you have price controls or artificial pricing, supply will disappear OR you'll get price adjustments in the form of premium, markup, vigorish, blackmarket, etc. that make up the difference in the eyes of the seller. This is what happend with Nixon's gasoline price controls - every service station just ran out. feh, it's the same today with credit. The price of money, or interest rate, is being kept artificially low by the Federal Reserve. It's lower than bankers think it should be and therefore they don't have any money to lend. You want a 30 year fixed at 3.5%. Sorry, I'm out of money. You want to pay 5-6% and maybe I can scrape some together. Er, this is called a Liquidity Trap and is partially to blame for the lack of inflation as it means to that the velocity of money is around . . . ah, zero. if it doesn't move around, inflation can't get passed on. Anywho, with regard to bullion, we'll have to watch premiums to see if they grown to much AND we'll have to watch availability and vendors posting the Out of Stock sign. and I was buying a wee bit of silver today from apmex. peace, rono
Odds are the dealers are making more now than they were at higher silver prices. The big dealers most likely hedge their position just so they could make the spread as profit. They don't want to play the market.
