This is my theory, maybe wishful thinking. In gold, fractional coins demand nice premiums. As a single ounce of silver goes up it’s pricing the people who liked to add an ounce every paycheck out….or even people like me who can afford it but just want to spend $50 every now and then. I believe 90% silver is going to appeal to a much wider range of people now and therefore dealers are going to add a premium.
I get it. The more expensive it gets, small fry buyers get priced out, so they'll buy halves, quarters, and dimes. Thats not going to happen any time soon, silver will have to reach several hundred dollars an ounce first.
He got auto-corrected... "offered" should be "afford". It really depends on who we're talking about. Someone who can afford $50 every couple of weeks used to be able to buy an ounce or two at $25 an ounce, nice rounds. Now, that same person needs to save for a month to be able to be able to buy a single ounce round. It becomes a lot more attractive then to still be able to buy a few dimes instead. With silver at $95 an ounce, this has absolutely already happened to many people.
I have money that I can easily buy 100 ounce bars but I already own a bunch of silver and am not too big on buying at this price, but if I drive buy the coin shop I’ll stop in and drop $20–$30 on junk and not think twice about it….I know in the end it’s all the same but there’s psychology in the way people spend their money. I’ve been big on silver for a long time and now want to make any bigger purchases gold, I’m trying be 40:1 silver/gold.
“He got auto-corrected... "offered" should be "afford". Or I just suck at spelling, but I like your story more.
