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At what price will you start buying gold again?
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<p>[QUOTE="GoldFinger1969, post: 8849555, member: 73489"]You mean it's not unusual for the last few years.....it IS unusual historically.</p><p><br /></p><p>Premiums are listed weekly in BARRON'S (or anywhere online)....and should be no more than 4-7%. Probably lower pre-2020. Even 7% is only about $120 and most LCS are lower, IMO.</p><p><br /></p><p><b>I have to think that these premiums are all a result of new buyers during Covid-19 </b>who were enough of a force to justify gouging (premiums) but NOT enough buying power to move the prices for silver and gold UP.</p><p><br /></p><p><b><span style="color: #ff0000">Premiums should NOT persist for years. </span></b> They DIDN'T when silver peaked at $45/oz. and then fell for years. This could be dealers trying to tack on premiums because:</p><ul> <li>They can</li> <li>They think the underlying metal is going up in price</li> <li>Pandemic $$$ given by governments and lots of discretionary income by stay-at-homers</li> <li>Lots of new buyers of coins and metals</li> <li>Easy money made in stocks, tech stocks, BitCoin, and Crypto (not as much lately <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />) flowing into collectibles including PMs and coins.</li> <li>Supply disruptions (hard to believe compared to 2020).</li> </ul><p>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8849555, member: 73489"]You mean it's not unusual for the last few years.....it IS unusual historically. Premiums are listed weekly in BARRON'S (or anywhere online)....and should be no more than 4-7%. Probably lower pre-2020. Even 7% is only about $120 and most LCS are lower, IMO. [B]I have to think that these premiums are all a result of new buyers during Covid-19 [/B]who were enough of a force to justify gouging (premiums) but NOT enough buying power to move the prices for silver and gold UP. [B][COLOR=#ff0000]Premiums should NOT persist for years. [/COLOR][/B] They DIDN'T when silver peaked at $45/oz. and then fell for years. This could be dealers trying to tack on premiums because: [LIST] [*]They can [*]They think the underlying metal is going up in price [*]Pandemic $$$ given by governments and lots of discretionary income by stay-at-homers [*]Lots of new buyers of coins and metals [*]Easy money made in stocks, tech stocks, BitCoin, and Crypto (not as much lately :D) flowing into collectibles including PMs and coins. [*]Supply disruptions (hard to believe compared to 2020). [/LIST][/QUOTE]
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At what price will you start buying gold again?
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