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<p>[QUOTE=&quot;Cherd, post: 8589514, member: 24754&quot;]I&#039;ve only recently gotten interested in bullion and do not have much experience buying/selling, so my assumption might be born of ignorance. But, I&#039;d assumed that the &quot;premiums&quot; on certain items (Eagles for instance) was universally applicable and not directly representative of dealer&#039;s margins. The premiums are high right now and expected to come down, in which case purchasing Eagles today would be a bad idea. However, the premiums themselves are not driven by dealer greed, it simply represents the premium cost. Or am I wrong?</p><p><br /></p><p>To put it more simply: If the premium on Eagles is currently $15 over spot, but dealers are buying customer&#039;s Eagles for $13 over spot, then they are working with a $2 margin per ounce (which would be similar to the &quot;Old Days&quot;).</p><p><br /></p><p>Now, if dealers are paying spot for Eagles and selling them with a $15 premium, then that is a different story![/QUOTE]</p><p><br /></p>

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