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<p>[QUOTE="Rono, post: 442260, member: 6492"]Howdy,</p><p> </p><p>Been discussed in recent weeks, but as the paper price of gold and silver has come down, the available physical supply on the street has pretty much disappeared. </p><p> </p><p>Most of the major dealers have limited stock and what is available either has a huge premium or will be delivered in 6-8 weeks.</p><p> </p><p>I stopped in to my local dealer yesterday. Not a wholesaler, but ~25 employees, PNG, and often quoted in the rags about bullion sales. </p><p> </p><p>Most items were deliver later. No ASE in stock, AGE deliver later at 11%. 90% junk at 42% premium but available. Ouch. I paid 15% 2 weeks ago and before that it was 6%. I ended up buying Swiss Helvetia's at 20% premium. </p><p> </p><p>In his monthly letter, he stated quite plainly that there was a huge difference between the paper price and the street price and that dealers were using two sets of spot prices. Said the spread between wholesalers and retailers had widened and was causing this and it was resulting in huge premiums. </p><p> </p><p>Hell, the premiums on liberty and saint gold was 40-50%.</p><p> </p><p>So, good luck if you want to put any bullion away.</p><p> </p><p>rono</p><p>lansing, michigan[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 442260, member: 6492"]Howdy, Been discussed in recent weeks, but as the paper price of gold and silver has come down, the available physical supply on the street has pretty much disappeared. Most of the major dealers have limited stock and what is available either has a huge premium or will be delivered in 6-8 weeks. I stopped in to my local dealer yesterday. Not a wholesaler, but ~25 employees, PNG, and often quoted in the rags about bullion sales. Most items were deliver later. No ASE in stock, AGE deliver later at 11%. 90% junk at 42% premium but available. Ouch. I paid 15% 2 weeks ago and before that it was 6%. I ended up buying Swiss Helvetia's at 20% premium. In his monthly letter, he stated quite plainly that there was a huge difference between the paper price and the street price and that dealers were using two sets of spot prices. Said the spread between wholesalers and retailers had widened and was causing this and it was resulting in huge premiums. Hell, the premiums on liberty and saint gold was 40-50%. So, good luck if you want to put any bullion away. rono lansing, michigan[/QUOTE]
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