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<p>[QUOTE=&quot;Rono, post: 2388813, member: 6492&quot;]Howdy campers,</p><p><br /></p><p>Spot varies according to market forces.&nbsp;&nbsp; Most often it relates to how much folks prize a particular item over others like it.&nbsp; For example, American Eagles demand a higher spot price than a round silver ingot.&nbsp; An Engelhard ingot will fetch more than a plain vanilla (Joe&#039;s Bar and Mint) ingot.&nbsp; These differences can be influenced by scarcity,&nbsp; desirability, and ease of potential sale.&nbsp; This last one can be significant.&nbsp;&nbsp; How easy is it to sell an ingot from Joe&#039;s Bar and Mint vs. selling an ASE?</p><p><br /></p><p>Lastly, the spot price can be impacted by difference in the price of real bullion vs. paper bullion.&nbsp; There are times when the folks that trade commodity futures (Central Banks and major players) get the paper price of gold and silver lower than what folks on the street are willing to accept.&nbsp; We call it artificial pricing and it&#039;s an Econ 101&nbsp; supply/demand case study.&nbsp; Whenever price controls are imposed on a commodity, either supply disappears, or the mark up goes through the roof.&nbsp; This happened when Nixon imposed gasoline price controls.&nbsp; All of a sudden, the gas stations ran out of gas. duh.&nbsp;&nbsp; A few years back, they dinked the paper price of bullion so much lower than the street&#039;s price, that supply dried up and premiums soared.&nbsp; </p><p><br /></p><p>So, what&#039;s a good premium to pay?&nbsp; The best you can get given the circumstances. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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