Message:

<p>[QUOTE=&quot;Sallent, post: 8596299, member: 76194&quot;]APMEX: $18.94&nbsp; premium on American Silver Eagles when silver is $18.91 spot price. We have officially exceeded 100% premiums.</p><p><br /></p><p>My guess is with the inflation data as bad as it was today there will be pressure on Silver to go down to $17 an ounce. Will in turn make these dealers who are paying these absurd premiums want to hike premiums even higher to make up for any losses on silver they bought at higher prices.</p><p><br /></p><p>Unless people say enough is enough and I&#039;m not going to buy any more of these overpriced coins, we could be seeing premiums of over 120% on ASEs when the feds hike interest rates by one basis point in a few weeks.</p><p><br /></p><p>Even American gold coins are getting ridiculous, however, locally I&#039;m finding excellent low premiums on gold krugerrands, Perth Mint kangaroos, and britannias and sovereigns, whenever I&#039;ve come across them in local shops. Even online these coins still have decent premiums despite the madness with American gold and silver products.</p><p><br /></p><p>&nbsp;If this keeps up I have a feeling pretty soon my gold collection is going to be filled with a lot of Sovereigns, as those are pretty abundant in just about any coin shop.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in