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<p>[QUOTE="medoraman, post: 7754365, member: 26302"]I agree as well. To me, the pm market is like the car market right now. If you buy at these prices you will pay for it in a year or two. Just too high of premiums. Historically I pay around melt for junk silver and common commems, maybe $1 over. I pay about $30 over for decent old gold. </p><p><br /></p><p>Premiums will drift back down there when people calm down again. If you are paying $14 over for an ASE in the market, you just lost $11 since that will be the highest premium you will get for it in the future. </p><p><br /></p><p>I wanted to buy a 2 year old minivan this year, but will hang onto the old one another year. They are up about 35-40% versus 2 years ago. I will wait. Buying today is simply locking in more guaranteed loss than normal in this market.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 7754365, member: 26302"]I agree as well. To me, the pm market is like the car market right now. If you buy at these prices you will pay for it in a year or two. Just too high of premiums. Historically I pay around melt for junk silver and common commems, maybe $1 over. I pay about $30 over for decent old gold. Premiums will drift back down there when people calm down again. If you are paying $14 over for an ASE in the market, you just lost $11 since that will be the highest premium you will get for it in the future. I wanted to buy a 2 year old minivan this year, but will hang onto the old one another year. They are up about 35-40% versus 2 years ago. I will wait. Buying today is simply locking in more guaranteed loss than normal in this market.[/QUOTE]
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