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<p>[QUOTE="medoraman, post: 4258500, member: 26302"]That is always the key. Remember when it came down from $49? All of the way down, sellers wanted higher than average premiums on their physical PM. Even when it got down to $15 they wanted $18 or more. Time, meaning more physical hitting the market, is what eventually washes away such premiums. </p><p><br /></p><p>It has always been that way with the physical pm market as long as I remember. It was the same in the 1979-1980 runup. You couldn't buy at decent premiums for at least 6 months after prices died down. This is why I advise people to buy physical when its boring and no one wants it, the premiums are down significantly. I bought all of my gold at melt, and most of my junk silver purchases the last 4 years was at or below melt.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4258500, member: 26302"]That is always the key. Remember when it came down from $49? All of the way down, sellers wanted higher than average premiums on their physical PM. Even when it got down to $15 they wanted $18 or more. Time, meaning more physical hitting the market, is what eventually washes away such premiums. It has always been that way with the physical pm market as long as I remember. It was the same in the 1979-1980 runup. You couldn't buy at decent premiums for at least 6 months after prices died down. This is why I advise people to buy physical when its boring and no one wants it, the premiums are down significantly. I bought all of my gold at melt, and most of my junk silver purchases the last 4 years was at or below melt.[/QUOTE]
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Silver under $12 in last 24 hrs
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