Discussion in 'Bullion Investing' started by Kevin wu, Jul 8, 2020.
No, I took the 1-19 coins price and subtracted it from the current silver spot price Ask Price.
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That's the premium...come on man...you know better
paying for ASE's? And does anyone know the normal spread on them (if there is such a thing) at B&M coin stores?
Also, are the spreads on ASE's more or less than 90% "junk" silver?
B+M spreads are all over the place for ASE's. Was +$6.50/over last week. Not sure what the buy back was. Rounds are $2.00 over online and B+M.
So instead I bought SLV @ 11.21 per share in March on my trading app. I'm still holding since March and now SLV is 19.69 per share. I did add more shares around the 12$ and 13$ marks. Haven't added any more shares since then. All in March. I got myself to 100.00 shares. Might sell soon but maybe wait and see if Silver can get into the $23 mark. SLV will then hit $20 mark.
What's up with these rounds? Barely above spot. Must be a downside I don't know about.
Less recognized = less trusted = less selling premium
I'd expect selling premiums in general to drop right here, as dealers try to move all the stuff that's suddenly a lot more profitable before the price corrects. The discount for buying, though, is likely to widen -- until they start to run low on inventory.
Yep, that is true> And, as an example: $18 silver in 12-09, adjusted for inflation was $21.49 in 06-20.
I just looked at that site and they are "out of stock". Wonder what the cost above spot will be whenever they obtain more. Look at the price of ASEs.
Currently $6.30 over spot.
AMPEX is selling ASEs at $7.29 over spot.
Silver Futures $22.935 +$1.378 +6.39%
I think $25+ is doable.
That ratio is 80:1 which is the same as 2-14-2018. I know the average since (year) 1792 is 15:1, but I think the modern average is ~50:1.
Silver could go up to $37 or gold will go down. PM is rallying due to the weak dollar and zero interest rates. I am keeping my melt silver as I see it going higher than some of my lower rated Morgan coins. JMO.
It is fun when my hobby stuff moves up like this.
It gonna be weak dollars in next few years , gold will be $2000 + by end this year , silver will go up more then gold like it all way did , PM might dip at some point if stock market crash , but at end PM will be much higher then 2008 . Buck your set belt Let ride to the Moon.
In 2011, I sold a lot at around $45. It has been half that since then so I restocked.
I bought gold at $1250 two years ago. The prices vary with a dozen other market indicators. It's complicated.
Smart buying , good for you!
Well done Selling at the right time might be the toughest part of the equation.
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