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<p>[QUOTE=&quot;medoraman, post: 8524498, member: 26302&quot;]I understand. I have written about this on this site extensively actually. However, that is not what has happened here or in 2010-11. Then as well as now PM spiked actually, yet premiums also spiked. I think you have that normal thing going on, premiums increase when pm drops due to dealers not wanting to take a net loss, but what is more unusual is increased demand due to economic uncertainty. That spikes premiums because short term supply cannot keep up with demand until the unusual demand wanes and supply catches up. THEN it goes back to the old premiums go up for a bit when pm drops, until enough supply hits the market and the dealers are forced to mark their premiums down to sell. </p><p><br /></p><p>Even though this is short term action, new members need to be aware this will abate. I have quite a few 2010-2013 dated coins I bought for $1 or less over melt, most likely creating a heck of a loss to the original purchasers, I bought around 2017-2019. Eventually pm markets settle down, spot and premiums decline, and its &quot;boring&quot;. That is when the longer term holders of pm build our holdings, not chasing high premiums. I would say you should expect to lose, on a premium only basis, anything over say $2 you spend on an ASE right now. That is the expected long term premium over spot they will bring to buy, and you will receive less if you go to sell them. Just like stocks, newer and less informed buyers always lose with pms it seems.[/QUOTE]</p><p><br /></p>

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