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<p>[QUOTE="fatima, post: 1334405, member: 22143"]IMO, the paper price for PMs is becoming irrelevant if one is a buyer of physical PMs. I notice that for physical, the average price to acquire a ASE or AGE is $31.00 & $1660 respectively. This figure does not include shipping or credit card charges. This compares to $26.96 & $1553 as I type this. This is quite a divergence and an indication that physical markets are starting to diverge from the paper PM market. When you can sell a 1 ounce coin to a retail vendor for higher than spot then you have a sure sign of it. </p><p><br /></p><p>Keep in mind there is potentially an unlimited amount of paper gold and silver out there. The people in charge of maintaining this system and keeping it honest for the small guy are the same crooks and liars that maintain the the rest of the US Finance Industry. You be the judge of that. </p><p><br /></p><p>On the other hand, there is a relatively fixed amount of gold and silver out there. So if you want to know the real price of PMs, look at the 1 ounce price for American Gold Eagles and American Silver Eagles. It's quite a telling tale.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1334405, member: 22143"]IMO, the paper price for PMs is becoming irrelevant if one is a buyer of physical PMs. I notice that for physical, the average price to acquire a ASE or AGE is $31.00 & $1660 respectively. This figure does not include shipping or credit card charges. This compares to $26.96 & $1553 as I type this. This is quite a divergence and an indication that physical markets are starting to diverge from the paper PM market. When you can sell a 1 ounce coin to a retail vendor for higher than spot then you have a sure sign of it. Keep in mind there is potentially an unlimited amount of paper gold and silver out there. The people in charge of maintaining this system and keeping it honest for the small guy are the same crooks and liars that maintain the the rest of the US Finance Industry. You be the judge of that. On the other hand, there is a relatively fixed amount of gold and silver out there. So if you want to know the real price of PMs, look at the 1 ounce price for American Gold Eagles and American Silver Eagles. It's quite a telling tale.[/QUOTE]
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