What the Heck Are We Up Against With PM's?

That would be nice

 

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I think that wouldn't be as strong, only because more people can afford to buy larger quantities of silver.

 

Just checked JM Bullions price on an 1 OZ
ASE, as of this writing $11.02 over spot
there is no way you will be able to recover
that premium as that’s almost 50 percent
of the value ! and all other PM,S are just
as bad if not worse

 

Isn't the answer then just to wait it out? If enough people are unwilling to pay those premiums, then won't the prices have to start coming down? I don't blame the PM sellers for getting what they can out of their products. If there are people willing to hand over their cash at those prices, then so be it. Free market at work.

 

if I new the answer to that question I would
be a wealthy man , it’s anybody’s best
guess where the prices will be next month or
even next year, if your looking at making
money currently in the PM market think
again, right now I put my money in to PMS
strictly as a way to store wealth, that’s it
I am just to lazy to sale it, plus cash is
easier to spend so it keeps me in check
LOL

 

I would love to buy - but 2020/2021 has been mostly inactive for me due to premiums. I will focus on investing some money on home repairs and improvements, and paying down debt. Although home improvement supplies are crazy inflated as well - but that's easy to understand

 

I don’t see them coming down any time soon

 

I have a feeling that when the price of gold went over $1,800.00/oz., and then over $1,900.00, a lot of dealers increased their inventories in the hope of making lots of sales due to a new buying frenzy. When the price went down below $1,800.00, these dealers were left holding losses in their inventory - that created the need to boost premiums.

 

It’s simple, supply and demand I bought
some silver from a local shop and there
was 20 people behind me doing the same
so there’s no problem with demand that’s
for sure.

 

That's excessive.....normally it's a buck or two, right ?

 

That sounds like something out of 1979 or 1980 when silver quadrupled in 4 months !

I haven't seen 20 people in my LCS unless you add up all the people in my last 8-10 visits.

 

Buying firearms and waiting to see what happens on pms and b-coin

 

Over the last couple of years I would say the 1 ounce ASE premium has been mostly in the $2.50 to $4.00/coin range, depending on quantity purchased, whether free shipping is offered, etc.

 

That's reasonable.....it isn't raw silver, it IS a coin, well-struck, etc.

Graded and slabbed really drives up the price.

 

That's what I saw too. And bullion in bar form in 10oz sizes the premiums were $.79 to $1.49 per oz. JMB used to run a special. One time for any customer they offered a roll of ten 1oz bullion rounds at spot. No premium. Zero. Try getting that now.

 

They run those when demand is slack and they just want to try and get new long-term customers.

 

Google something like "JP Morgan pays fine" or "JP Morgan criminal enterprise" to see what has been happening to PM prices.

 

Are you one of these people who believes in PM Conspiracy Theories to explain why silver isn't at $100 an ounce ?

Or you just like reading their internet babble....

JP Morgan is a heavily-regulated financial institution which doesn't really care about precious metals prices, since they don't gamble in those markets.

Read their Annual Report sometime or their 10-K.

 

You took the words/thoughts right out of my head...exactly the same with me.

 

If you keep your eyes open,You can snag graded and Govt. issued proofs and burnished ASE,s for not a whole lot more than what dealers are charging for ultra common uncs.Untill the premiums come down, No rolls for me.