Looking back at some of my recent purchases, I bought a tube of 20 2020 ASEs from Monument Metals in March when spot was $17.15 - total cost, shipped free, was $400.20 (no sales tax yet at that time) - that's $20.01 per coin, a 16.7% markup. At that premium and today's spot of around $27, I'd be willing to pay around $31.50 per coin, or $630 for a tube of 20, plus $41.74 sales tax (ouch ).
Supply and demand. LCS was charging $10 over spot on Thurs. Did not have any in stock. Taking up to 3 weeks if ordering more.
I notice that Provident Metals now has a $299 MINIMUM order. I probably won't be doing business with them again.
I hear that the US Mint has plans to make a 1oz gold PROOF 2021 Morgan Dollar. OMG can you imagine how beautiful they would look?
Yes, I remember around 3 weeks ago there was a seller on craigslist selling tubes for $600, that was too much for me then, now the price is way up. Some truly believe the POS is going to an unbelievable price point. That's fine, good luck to y'all, I'm gonna sit this one out but just as a side note, all the gold bugs on Youtube are now selling the idea of buying silver!
I guess they only want the big boys buying from them, not us small time collectors on a budget. Plus with their high premiums on top of it, I can't say what I think here.
Probably like $500/oz over spot so like $2400 or so. It shouldn’t cost more than a 1oz Proof AGE. ♂️
Some people don’t have any silver though and I guess they figure it’s better to buy some physical now then try to wait and hope the price goes down instead of up. I paid $655 on APMEX for a tube of ASEs and they have pretty high prices so I imagine people could get them much cheaper somewhere else.
True, for all I know I could be making a big mistake and silver may shoot up to $60 in a couple of months, nobody knows. With the "Green New Deal"coming into play, I totally understand the frenzy but between silver and gold, me sticks to gold!
All I know is that when the government starts printing massive amounts of money there is serious inflation. For example: The Weimar Republic after WW1. Germany tried to pay off WW1 reparations by printing massive amounts of money and eventually the money became worthless and people needed wheelbarrows of money to buy a loaf of bread. It got so bad that the Allies demanded that Germany pay reparations in gold, silver, and other tangible physical assets like machinery & coal. People actually used the money as WALLPAPER! I am afraid our government will start printing trillions of dollars to provide free healthcare, free college, etc., and the US Dollar will be severely devalued. However gold & silver are gold & silver. If the dollar is devalued gold & silver will not be devalued. I try to keep my investments 90% stocks and 10% precious metals. Right now I am about 50% gold 50% silver. Caption: German man uses devalued papiermarks as wallpaper. 1923