The Spot Price of Precious Metals Is Becoming Irrelevant

I just picked up a little bit of silver at 16 times face value, which is the best I have seen for a while. Maybe the premiums for physical silver are finally going down.

 

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There are many new European issues' for silver and gold which sell around 2x the face value (i.e France 2009 10 Euro .78 oz of Silver sells for 30-40 dollars).

 

Curious, did you buy this from a private seller, coin ship, coin show, or online retailer? Online premiums don't seem to be going down. APMEX just got a new shipment of 2013 kooks (mintage 500,000) in and they are $3/oz more than the existing inventory of 2013 kooks with snake privy (limited mintage of 50,000). Perth Mint is upping their premiums if anything. Tulving is still charging $4/oz over spot for his 90%, what little is in stock.

 

It's a good way to save as it's less liquid than cash. I just thought that was a very clever way you put it. :thumb:

 

well thank you