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Gold - Is $1900.00 the New Normal?
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<p>[QUOTE="GoldFinger1969, post: 8428745, member: 73489"]<b>I have not understood the sustained premium on coins -- especially ASEs -- over the last 3 years. </b></p><p><br /></p><p>At first I thought it was related to Covid-19....not a result of increased demand or reduced silver supply (the price was flattish for the most part over 2020-21)...but more logistical and other Covid-related disrutpions. <b><span style="color: #ff0000">But the premium has stayed.</span></b></p><p><br /></p><p><u>Now, I'm not a regular buyer of ASEs over time so I wouldn't know where that premium has been over time but I understand it is double or triple at least -- maybe 4x at other times. I believe if silver in the past was $20/oz. buying an ASE direct from the Mint or from your local LCS or a coin show would cost about $25 (give-or-take). ASE buyers, correct me if I am wrong.</u></p><p><br /></p><p>I have no idea why the premium persists WITHOUT a rise in silver prices over time.</p><p><br /></p><p>As an example of prices normalizing, <b>the Logitech WebCam I wanted to buy 2 years ago which normally sold for about $60</b>...and <b><span style="color: #ff0000">was being price-gouged for about $140 </span></b>(if you could even find one) when everybody needed to do Zoom videos for home and work......has now come down to <b><span style="color: #00b359">about $77 with 1-day delivery.</span></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8428745, member: 73489"][B]I have not understood the sustained premium on coins -- especially ASEs -- over the last 3 years. [/B] At first I thought it was related to Covid-19....not a result of increased demand or reduced silver supply (the price was flattish for the most part over 2020-21)...but more logistical and other Covid-related disrutpions. [B][COLOR=#ff0000]But the premium has stayed.[/COLOR][/B] [U]Now, I'm not a regular buyer of ASEs over time so I wouldn't know where that premium has been over time but I understand it is double or triple at least -- maybe 4x at other times. I believe if silver in the past was $20/oz. buying an ASE direct from the Mint or from your local LCS or a coin show would cost about $25 (give-or-take). ASE buyers, correct me if I am wrong.[/U] I have no idea why the premium persists WITHOUT a rise in silver prices over time. As an example of prices normalizing, [B]the Logitech WebCam I wanted to buy 2 years ago which normally sold for about $60[/B]...and [B][COLOR=#ff0000]was being price-gouged for about $140 [/COLOR][/B](if you could even find one) when everybody needed to do Zoom videos for home and work......has now come down to [B][COLOR=#00b359]about $77 with 1-day delivery.[/COLOR][/B][/QUOTE]
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Gold - Is $1900.00 the New Normal?
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