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<p>[QUOTE="InfleXion, post: 1696504, member: 29012"]Normal premiums for ASE's vary between $2 and $5 over spot depending on the market and the dealer. Typically online is on the lower end if you buy in bulk (plus shipping) and your local coin shops will be a little higher unless they have some that aren't in great shape which can be had for cheaper. Since spot has dropped so much $7 over right now is still the best overall price point you could have had in over 2 years (barring finding cheaper premiums right now which is difficult). In my book that's whats important, total paid, not the premium. </p><p><br /></p><p>You have the right idea, invest for the longterm and DCA. Silver is the most volatile market in the world and many folks have been burned trying to play it in the short run, but if you look at both gold and silver over the last 10 years, even at today's prices have been quite lucrative. </p><p><br /></p><p>Junk silver is typically had for close to spot price. Hopefully it will come back down but time will tell. It may take higher prices for premiums to come down. This is the largest disconnect we have seen in nearly 5 years. Right now I would try to find it for around $4 over spot per oz or better.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1696504, member: 29012"]Normal premiums for ASE's vary between $2 and $5 over spot depending on the market and the dealer. Typically online is on the lower end if you buy in bulk (plus shipping) and your local coin shops will be a little higher unless they have some that aren't in great shape which can be had for cheaper. Since spot has dropped so much $7 over right now is still the best overall price point you could have had in over 2 years (barring finding cheaper premiums right now which is difficult). In my book that's whats important, total paid, not the premium. You have the right idea, invest for the longterm and DCA. Silver is the most volatile market in the world and many folks have been burned trying to play it in the short run, but if you look at both gold and silver over the last 10 years, even at today's prices have been quite lucrative. Junk silver is typically had for close to spot price. Hopefully it will come back down but time will tell. It may take higher prices for premiums to come down. This is the largest disconnect we have seen in nearly 5 years. Right now I would try to find it for around $4 over spot per oz or better.[/QUOTE]
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Question on investing in silver (American Silver Eagles and other coins)
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