Silver is Going Up in Price, Will the Premiums Start to Come Down?

Discussion in 'Bullion Investing' started by fretboard, Jul 11, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    I have some silver but I'm not willing to buy more and pay $5-$10 over spot for it at all! That's insane! If times were normal, with gold being as high as it is, silver should be up right now to at least, $40-$45 but it's not! That's okay, I won't try to talk anyone out of stacking what they love, go for it, it's your money! Below is a silver stacker who answers the question above! :D

     
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  3. slackaction1

    slackaction1 Well-Known Member

    How bout Peace Dollars for 20.00 apiece.. Fret
     
  4. Rick B

    Rick B Active Member

    I don't know where you are seeing $5-10 over spot. I know it's high, but not that high. It seems to me, $3 over spot is readily available. Some sellers are higher, but just shop around.
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    The higher premiums will continue as long as people panic buy.
     
  6. Rick B

    Rick B Active Member

    That is one reason I'm waiting. The panic buying will subside.
     
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  7. fretboard

    fretboard Defender of Old Coinage!

    It may be an alright deal depending on condition but I don't want any! :D I'm not into all this silver hype at all! Just like I said, these are not normal times at all and I feel the little guys are the ones who are gonna take it in the shorts on this silver issue!
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Sooner or later but it will subside.
     
  9. Mr.Q

    Mr.Q Well-Known Member

    What goes up must come down... I'm waiting also I'm in no hurry to give away my money.
     
  10. fretboard

    fretboard Defender of Old Coinage!

    Three dollars over isn't too bad but I still wouldn't pay it. I just don't have the interest, in fact I'm totally against buying silver right now unless it's at or below spot! Gold gets all my love, silver gets kicked to the curb! :D
     
    Collecting Nut likes this.
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    Ouch!!
     
    fretboard likes this.
  12. fretboard

    fretboard Defender of Old Coinage!

    Funny! laugh.gif
     
    Collecting Nut likes this.
  13. Rick B

    Rick B Active Member

    I like both. And less than spot? Don't hold your breath, lol
     
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

  15. fretboard

    fretboard Defender of Old Coinage!

    Honestly, silver is alright with me but I already have a small amount and that's good enough for me! :singing: My only point is since late Feb or March, the premiums have gotten ridiculous, too ridiculous for me! Sure, you can buy silver for $3 over spot, I've seen it online, but after taxes, you're screwed! :inpain: The sure win, is buy both! :D
     
  16. midas1

    midas1 Exalted Member

    "I've seen it online, but after taxes, you're screwed! :inpain: The sure win, is buy both! :D"

    Sure win long term is to invest in an S&P Index fund.
     
  17. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    One would think that at some point the premiums would come down on silver, but they haven't for a while. When spot is $18.50 and the retailers are selling ASEs for $26 you need spot to make a substantial move to recoup the premium paid. Even if the retailers are paying $3 over you still need a $5 move to break even. (I don't know too many people that like to break even). 10oz bars at $2 over is probably a better move if you can get back out at spot, but even that is a lot of premium to recoup.
     
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  18. fretboard

    fretboard Defender of Old Coinage!

  19. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    I've been around...just don't post much...
     
    fretboard likes this.
  20. medoraman

    medoraman Supporter! Supporter

    I agree.

    Premiums are a function of how much people want it. Is silver started an ever upward trend like 2011, premiums would continue until near the top. If I remember rights, premiums continued to be high until the high 30's, then weakened in the mid 40s since most sane people did not believe there was any room upwards.

    So yes, if people continue to believe silver will be $40 in a year or so and keep buying, premiums can continue to be high.

    I am on the fence. I will keep what I own at these prices, but will not pay current premiums. Get it back up in the 40s and I am sure I would part with some.
     
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  21. Rick B

    Rick B Active Member

    What causes the spot price to rise? It seems like if the demand is high, the spot price would follow it upwards. But it hasn't budged.
     
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