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<p>[QUOTE="medoraman, post: 4263331, member: 26302"]In 2008 gold weakened, (basically for same reason as now I suspect), but in response to fiscal stimulus it spiked in 2011. As prices came down from the highs of around $1900, dealers kept premiums high the entire way down. Not until a few years ago did low premiums dominate the market. When prices drop, premiums spike. When prices spike upwards premiums increase. During the subsequent drop premiums spike. Many market conditions cause physical premiums to spike. The only time to get cheap premiums is during boring times when no one wants it. </p><p><br /></p><p>Like I said in an earlier post, use paper pm to lock in cheap prices. Then when premiums decline to normal levels sell the paper and buy the physical. If the "evil banksters" are manipulating the prices down, take advantage and lock in cheap pm prices. Prices will recover in the future, and you can then swap out paper for physical.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4263331, member: 26302"]In 2008 gold weakened, (basically for same reason as now I suspect), but in response to fiscal stimulus it spiked in 2011. As prices came down from the highs of around $1900, dealers kept premiums high the entire way down. Not until a few years ago did low premiums dominate the market. When prices drop, premiums spike. When prices spike upwards premiums increase. During the subsequent drop premiums spike. Many market conditions cause physical premiums to spike. The only time to get cheap premiums is during boring times when no one wants it. Like I said in an earlier post, use paper pm to lock in cheap prices. Then when premiums decline to normal levels sell the paper and buy the physical. If the "evil banksters" are manipulating the prices down, take advantage and lock in cheap pm prices. Prices will recover in the future, and you can then swap out paper for physical.[/QUOTE]
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