Are people crazy so high premium on ASE's?

Discussion in 'Bullion Investing' started by goldrealmoney79, May 9, 2020.

  1. goldrealmoney79

    goldrealmoney79 New Member

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  3. furryfrog02

    furryfrog02 Well-Known Member

    You should see the premiums on sites like apmex and jmbullion...
     
  4. furryfrog02

    furryfrog02 Well-Known Member

    You should see the premiums on sites like apmex and jmbullion...
     
  5. furryfrog02

    furryfrog02 Well-Known Member

    Holy triple post Batman!
     
  6. Santinidollar

    Santinidollar Supporter! Supporter

    Now go look at gold premiums....
     
  7. furryfrog02

    furryfrog02 Well-Known Member

    Glad I bought gold before all these shenanigans. I am upset that I didn't get more.
     
    Santinidollar likes this.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    "Are people crazy..."

    Yep.

    Next thread.
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    I think what's happening is that the folks who want silver in industrial quantities, who would be willing to cart off Good Delivery Bars, aren't that hungry for it at the moment because industrial activity is depressed.

    Folks who want it in small quantities are more excited, and willing to pay more. (For purposes of this argument, a monster box is a small quantity.)
     
    harrync likes this.
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I have got to believe that when things go back to some semblance of normalcy that we will see a huge glut of cheap silver available.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    I'm sure we'll see the premiums relax, but I have no idea about the underlying spot price. I can imagine arguments for an increase, a decrease, both, or neither.

    (As always... :rolleyes:)
     
    Randy Abercrombie likes this.
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Just like certain foods, panic buying so charge whatever and someone will pay it.
     
  13. goldcollector

    goldcollector Member

    That would certainly be normal
     
  14. Pkfire

    Pkfire New Member

    I tried selling 1oz for 25, not too many people interested. lol
     
    Santinidollar likes this.
  15. fretboard

    fretboard Defender of Old Coinage!

    You're definitely not alone!! :D
     
  16. Rono

    Rono Senior Member

    Howdy folks,

    There is a divergence between the official POG and POS - we can call the paper price - and the 'street' prices which refers to physical bullion. This divergence is reflected in the higher premiums. Classic economic example of what happens with artificial price controls. Happened in the 70's with price controls on gasoline. All of a sudden everyone was out of gas. Happening right now with money. Interest rates are around zero but try to find a 30 year fixed around zero. Sorry, no money. Now if you're willing to pay 3-4%? Well, maybe I can find some money.

    This is what is happening in the bullion market. The paper bullion market is sketchy on a good day. I'm not a conspiracy type, but when you see short volume exceeding known quantities of metals you have to wonder is the price is artificially low. Whether it is or not, doesn't really matter, it's what holders of precious metals think. If they feel their bullion is worth more than listed official price and unless the buyer is willing to pay. Sorry, no bullion today.

    Looking around at the macro economy, I'm leading towards the official price is too low.

    and so it goes,

    peace,

    rono
     
  17. fretboard

    fretboard Defender of Old Coinage!

    The prices on gold and silver is ridiculous right now! Problem is the Corona issue, people are out of work and the economy is at a standstill, it's not moving at all! :banghead: Most people, me included believe the POG is gonna go up and normally it would but not with an economy that is stagnant! These are terrible times for PM's but not if you're selling! :D
     
  18. FryDaddyJr

    FryDaddyJr Junior Member

    is it really worth this much more for a ASE over a Maple??

    upload_2020-5-15_20-8-17.png
     
  19. Speedbump

    Speedbump Not a New Member

    This all happened in 2013 when silver fell from $30 to around $20. It took a while for everything to calm down as there was a run on “consumer” physical metal products. I seem to remember it wasn’t until into 2014 when you could find silver eagles for less than a $3 premium.
     
  20. FryDaddyJr

    FryDaddyJr Junior Member

    I'm going to wait until all the usual 1 oz and 10 oz bars are in stock. by then the prices should be more competitive
     
  21. Santinidollar

    Santinidollar Supporter! Supporter

    Precious metals price predictor. Left for silver. Right for gold.

    D6CB8199-CBD7-4CF1-9F19-4F9914DF84F9.jpeg
     
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