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<p>[QUOTE=&quot;bkm, post: 447305, member: 16045&quot;]I appreciate the responses, but it doesn&#039;t seem sensible that the premiums are unimportant over the long term.&nbsp; The premiums on silver eagles can be 80-90% these days - but I should just ignore that because I&#039;m buying for the long term?</p><p>&nbsp;</p><p>It seems to me that it is the short-term speculators that expect silver prices to double again the way they did over the last couple years, and they seem to expect it at any moment.&nbsp; Silver was below $10 for many, many years and it&#039;s 200 day moving average was above $10 for a very short time.&nbsp; Spot is now below $10.&nbsp; Why on earth should I pay $15 for a coin that has zero numismatic value?&nbsp; The only answer is &quot;speculation.&quot;&nbsp; I am not a speculator.</p><p>&nbsp;</p><p>From my research, I have seen that Silver speculation has been hot for a couple years now, but when silver&#039;s 200 day MA broke $10 in 2006, Eagles were selling for a 10% premium.&nbsp; If speculators had rightly predicited the spot price would double in two years, the premiums they were paying didn&#039;t reflect it.</p><p>&nbsp;</p><p>The value of the dollar hasn&#039;t plummeted since 2006.&nbsp; If Eagles sold for $11 then when silver spot prices were similar to current, it seems that price reflects a fair premium.&nbsp; In 2004-2005, silver spot prices mostly stayed below $7, and Eagle prices were about 15% higher.&nbsp; So it follows that upwards of $15 - a 60% premium is a royal rip-off.[/QUOTE]</p><p><br /></p>

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