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<p>[QUOTE="masterswimmer, post: 8407519, member: 102022"]Spot price is only one component of the pricing of PM's. I'd need for spot to hit the $16-$17 range, WITH the exorbitant premiums to drop to $.79-$1.49/per oz we saw before the gouging started in March, 2020 when spot dropped to the $12/oz range.</p><p><br /></p><p>Yes, I know, I'm unrealistic with both of these 'wish list' requirements. I've heard it hear on CT ad infinitum. The thing is, if both of these parameters are not met simultaneously, I just won't buy again. No biggie. My hoard is big enough to never buy again at these prices. I'm very ok with that.</p><p><br /></p><p>When spot hit the $12/oz mark in 2020, and there was nowhere to buy it at those prices, and sellers began adding $5-$7/oz premiums, all my Ag silver buying ceased. Spot dropped to the lowest it had been since about 2009 and yet there was none to be had.....unless of course you were willing to pay $17-$19/oz with the premium. That price was higher than the spot price just a month prior with the realistic premium of $.79-$1.49/oz.</p><p><br /></p><p>Fortunately for me I've been an accumulator for over 50 years. I had the historic benefit of buying Ag when spot was still in the $2-$6/oz range. New/younger collectors didn't have that luxury, so if they want to accumulate Ag now they are relegated to paying these extortionary premiums. I feel for all of you in that boat. Hopefully you will get to see those spot/premium prices I stated above. If you do, I'll be buying along with you.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 8407519, member: 102022"]Spot price is only one component of the pricing of PM's. I'd need for spot to hit the $16-$17 range, WITH the exorbitant premiums to drop to $.79-$1.49/per oz we saw before the gouging started in March, 2020 when spot dropped to the $12/oz range. Yes, I know, I'm unrealistic with both of these 'wish list' requirements. I've heard it hear on CT ad infinitum. The thing is, if both of these parameters are not met simultaneously, I just won't buy again. No biggie. My hoard is big enough to never buy again at these prices. I'm very ok with that. When spot hit the $12/oz mark in 2020, and there was nowhere to buy it at those prices, and sellers began adding $5-$7/oz premiums, all my Ag silver buying ceased. Spot dropped to the lowest it had been since about 2009 and yet there was none to be had.....unless of course you were willing to pay $17-$19/oz with the premium. That price was higher than the spot price just a month prior with the realistic premium of $.79-$1.49/oz. Fortunately for me I've been an accumulator for over 50 years. I had the historic benefit of buying Ag when spot was still in the $2-$6/oz range. New/younger collectors didn't have that luxury, so if they want to accumulate Ag now they are relegated to paying these extortionary premiums. I feel for all of you in that boat. Hopefully you will get to see those spot/premium prices I stated above. If you do, I'll be buying along with you.[/QUOTE]
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How low Below twenty until buying?
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