UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot:Inheritance Precious Metals&Hannigan Coin. The next best deal is a 40-coin lot from Bullion Exchanges. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. Why does it cost more to buy silver coins, rounds, and bars today? There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. Rollover Your IRA to Silver - LEARN MORE Gold and Silver - Why Every Prepper Must Own It Owning gold and silver as a Prepper can be the lifeblood of your survival. The percentage premium based on this dealer is now 29.57%. The premium now stands at 32.19%. Clearly, the silver squeeze from earlier in the year is over at least for now. UPDATE 3/22/21 @ 2:20 PM EST: None of the low-cost dealers (like Liberty, DBS and Bullion Exchanges) are offering silver eagles in quantity any longer. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. So now their shelves are empty what are they supposed to sell you? As DEMAND rises, PRICE must move up in order to adjust to limited supply. The US mint then slaps like a $2-3 premium on from THEM. The truth is they have a spigot providing them small amounts than cannot keep up with demand. Speaking to the Investing News Network (INN) in March 2022, not long after the conflict broke out, Lobo Tiggre, founder and editor of IndependentSpeculator.com, said he believes these sanctions will lead to a "new Iron Curtain," which will have lasting economic consequences on a global scale. UPDATE 8/31/20 @ 7:45 PM: Physical premium is at its lowest point since I started tracing its value during the start of the Corona Virus Pandemic scare. At this price point, there is a lower than usual supply so I am being charged more. This is exactly the same story the retail guys have, dude. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. If you want your silver, they cash you out to dollars, then you can buy at the best premiums on Apmex. When price is low, youd think people would scoop this up. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? Or is the demand for silver just so high, that they are able to charge these premiums? "Once silver gets above US$33 and it stays there for three or four days or better yet, even two or three weeks there's not much holding it back to hit US$50 again," he said at the time. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. Silver's paper spot price has recently fallen to 6+ year lows (touching a low price near $14 oz USD) yet physical silver bullion prices have not fallen. UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay the physical silver market has gone, essentially, no offer. I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. But Will It Last? Bullion premiums spike as a consequence. But key shortcomings . At least since the spring of 2020, when the COVID pandemic rocked the world and the economy as we knew it came to a grinding standstill for a few months. UPDATE 2/1/21 @ 11:50 AM EST: There are no dealers on Ebay selling 20-coin tubes in quantities over 10. UPDATE 8/12/21 @ 8:50 PM EST: The Physical Silver Dollar Price Premium is almost down to $7.00/coin and the percentage premium is about 30%. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. I think these numbers are made up, he said. Inventory shortages almost always happen during periods of dramatically falling spot prices. If they increase their income to $50,000, they are expected to pay 5.48% of their income. And gold bars, Maybe 5%. Why is silver trading so high? Premiums for ACA Marketplace benchmark silver plans are increasing on average across the U.S. in 2023 after four years of slight declines. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. You are then running into premiums twice. Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). This may have something to do with what is happening on the Robinhood platform. Currently there are only two dealers offering Physical Eagles in 20-tube quantities of more than 10 offers. This situation has happened time and again but Bullion Exchanges will often come back in with quantity offers so I will update if/when it does. Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. You might be surprised. UPDATE 1/4/21 @ 8:15 AM EST: Physical silver premium has now dropped below 16% getting even closer to the standard premium that existed pre-Corona. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. The percentage premium has skyrocketed up to 25%. If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. This premium can also be expressed as 20% over spot. Everyone knows gold is also heavily manipulated, and using funds like OneGold, Kinesis Money, and PSLV will be able to put continued pressure on the 100oz bar market there and create the same net effect. . Meanwhile, theres a line a block long in line to buy. The above is showing you what the deal is and why your favorite dealer may be gouging you. Privacy Policy. This is the best solution if you want to put some serious money into silver, yet down the road have the optionality to take delivery of your silver if you arent a 6 figure investor in silver. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. Thats a 50% premium. A few weeks ago, I saw price at $27 and the price of eagles at $41. UPDATE 10/28/20 @ 7:20 PM EST: Physical premium is back above 20%. HISTORICAL DEVELOPMENTS IN THE PHYSICAL SILVER PREMIUM MARKET. Posted September 13, 2022. However, by 9:15 AM EST, Arlington had increased its price to $815.00/20 coin roll plus shipping bringing the physical premium over 45%. Each . One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. Neumeyer expects a triple-digit silver price in part because he believes the current market cycle can be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. Buy some. Supposedly, this is matched to silver in their vaults. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. I added good amount of physical silver after the Covid outbreak and offset premiums by adding an additional 50% through OneGold. In order to better understand where Neumeyers opinion comes from and whether a triple-digit silver price is really in the cards, its important to take a look at the factors that affect the metals movements, as well as where prices have been in the past and where other industry insiders think silver could be headed. The premiums are so high because people who don't think or research the ups and downs of silver prices continue buying. As seen on the table which depicts the supply/demand situation in the last 10 years, it becomes clear that 2022 will be year with an epic physical market shortage. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. Available supply is not the same as supply. "Now, as (silver) starts pushing, like I said, into the mid-2030s and becomes more of an industrial-based metal, then I think you see the likelihood of that 8 percent growing to a 10 to 12 percent type of CAGR," Watson told INN. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. People are learning now (if they didnt during the worst years of the Great Recession a decade ago) that housing prices dont always just go up. Current percentage premium is 44.63%. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Premiums for gold plans after subsidies are taken into account are expected to go down, while silver premiums after subsidies are accounted for "shouldn't be altered all that much" because the subsidy is adjusted with the cost of the benchmark plans, he said. Economic Conditions UPDATE 1/31/21 @ 7:00 PM EST: Now that the Spot marked is open things have calmed down a bit. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. "As I was doing my research, and this goes back over several years already, I would get to that US$300 forecast for an ultimate high in the silver price in different ways," he said. Here is the availability on Ebay: DBS Coin: $689.36 $34.47/coin, Liberty Coin: $696.98 $34.84/coin, MCM: $745.80 $37.29/coin (26 available), MCM: $794.60 $39.73/coin (145 available), APMEX: $796.49 $39.82/coin, APMEX: $878.97 $43.94/coin. UPDATE 3/16/21 @ 2:00 PM EST: The physical Silver Eagle premium has jumped over 3% since yesterday morning from about 32% to 35%. "I actually saw someone the other day call for US$500 silver," he said. UPDATE 3/9/21 @ 10:10 AM EST: Silver Eagles are getting more plentiful again. If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. And they know it. Join us today for FREE! Premium is the additional cost of any Precious Metal above the spot price, which accounts for the costs of doing business, such as fabrication and distribution, and perhaps additional collectible, or numismatic, costs for rare items. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. In short silver premiums have increased due to a recent combination of higher Silver Bullion Demand & lower Silver Bullion Supplies. The talking heads of the world stop talking like 25B oz is available. "We'll have to see what happens," he said at the end of 2022. italy vs argentina predictions why are silver premiums so high 2022. Physical Silver Eagle Premium Now Over80%. DBS Coin: $710.86 $35.54/coin, Liberty Coin: $712.97 $35.64/coin and Bullion Exchanges: $714.52 $35.72/coin. PSLV is indeed draining 1,000 oz bars from the market. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. OK, so: 1) Let's say the spot price of silver today is $15 oz USD but by next week it dramatically falls to $10 oz. It is also important to note that this dealer does not automatically modify its price with each move in the spot market. Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? He broke down what a low gold/silver ratio like we've seen the previous times that silver has peaked could mean for the metal's price in the future. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. Modern Coin Mart (MCM) is offering a price well below all other competitors. UPDATE 3/21/22 @ 1:00 PM EST: The Physical Silver Premium continues to spike and has climbed over 50% it now stands at 57.83%. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. If you listen to the dealers, they tell you the supplies they get from the mints to sell Eagles and Kangaroos is very constrained. Precious metals are traded in U.S. dollars, so Silver is always listed at a price per ounce of Silver, while . "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Currently, they are able to increase their spread by five to ten times, Hug said. Im also aware as supply is unlocked, its possible the refineries and others are hedging what they just bought to protect from downside price moves. UPDATE 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. Their prices are, gram for gram, cheaper than silver coins. I do NOT work in the silver bullion industry. Silver is also being drained from the paper exchanges and IMHO something is afoot. I finally found Bullion Exchanges selling 40 coins. A silver Britannia is about 8 per coin over spot. Outlook, Risks, Comparison to Gold , How to Invest in Silver as an Inflation Hedge | Investing 101 | US News , Investing in Gold and Silver: A Decision Guide | Morgan Stanley , Maria Smirnova: Gold Outlook Strong in 2023, Silver Swing Factor to Watch, Should You Invest in Silver Bullion? But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. That's due to all the great technologies, all the newfangled gadgets that we're consuming. What are other options to drain the COMEX, so to speak? According to CIBC analysts in mid-2021, higher industrial demand from emerging sectors due to factors like the transition to renewable energy will be highly supportive for the metal over the next few years. April 27, 2022 10:33AM. After that initial move is complete, further fallout related to the. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). Percentage premium is 58.90%. And perhaps go Palladium and hit $100-$200 silver beyond that. For more information, please see our So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. You can take delivery of 100 oz bars, minimum of 200 oz. Enroll in economics 101. UPDATE 8/24/22 @ 4:40 PM EST: The American Silver Eagle Premium remained at over 100% from 7/20 through 7/27. Hannigan is still steady at $729.98/tube. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. Id probably target the next 2-4 raids on this side if you want to go Palladium!! This potentially is what is in store for gold and silver soon. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. Bullion Exchanges, a major dealer, is now the lowest cost dealer selling in quantity. What kind of a free market is that?". It is now above 20%. Not sure what that is all about except to say that physical inventory must be pretty tight. Let me repeat. This represents about 15% of the $10,000 increase in their income. The market essentially has the governor switch at the retail front end. The cheapest 500g coffee I can find is 6.75. I made a point yesterday to call out a popular bullion site because they also claimed no shortage. Briefly on 7/1/20 Liberty Coin had the lowest cost but now it is DBS again. All readers are encouraged to perform their own due diligence. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! According to The Silver Institute) the global silver market should record a deficit in 2022. Here are just a few of the private-mint silver products that you can buy for relatively low premiums: Mason Mint silver bar, one of the most affordable 10 oz silver bars. Latest Offers, Straight To Your Inbox. Thats roughly a 35% premium. Gold coin premiums and silver coin premiums will have much more fluctuation, especially when you start to factor in collectability and rarity. Now it is Liberty Coin. (Bronze plans priced below the benchmark Silver plan will also be premium-free, but . 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, always cost more than spot price to buy silver. And perhaps go Palladium and hit $100-$200 silver beyond that. By 1/19/21 (evening) it had moved back into the 19% range. With demand so high, you can go for awhile with keeping premiums high. By continuing to browse the site, you agree to our use of cookies. Are dealers being greedy and ripping stackers off? "Price gauging should not be allowed. What you and others can do if you are doxxed your rights online and with the law, Kinesis metals holdings as part of a LAYERED approach a USE CASE for Kinesis Monetary System, Follow Renaissancemen.org on WordPress.com, That the price point will then unlock supply, bringing this supply to market, That the refining capability exists to then process raw materials into finished products. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. The coin is struck using special dies. (Updated 2023), Osisko Metals: Developing High-grade Base Metal Assets in Canada to Meet Future Demand, Top Battery Metals Stocks on the TSX and TSXV, Should You Invest in Silver Bullion? A similar twenty-percent premium . Scroll. Stuntman, Arganto, dikefalos and 1 other. After that you have to pay $826.14 from Bullion Exchanges because it is the next dealer selling in quantities over 10. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. After decreasing by almost 40% from highs in February 2022 and hitting a two-year low, the silver price has declined recently. The truth is not that at all. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? Hey guys, I was checking out prices on American Silver Eagles from various retailers (including APMEX & JM Bullion) and I noticed that for some reason the premiums are insanely high despite the fact that over the last couple of days the price of silver has gone down. Lets look at dealers. The premium now stands at 32.19%. Don't be the last to know about the latest deals and new product arrivals. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. Whats going on? Using estimated numbers here. But why would THEY have such high premiums? The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller competitors. Full-price premiums in Nebraska are increasing by more than the national average for 2022, with an average increase of a little less than 9%. He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, the metal is actually a rare commodity. . UPDATE 1/31/21 @ 12:00 NOON EST: Aydin Coin is still lowest cost but now it indicates a delay in shipping. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. Ebay Dealer Price for a roll of 20 Silver Eagles, Lowest cost at 3:30 PM was Bullion Exchanges, DBS came in with quantity on the evening of 7/30/20, Bullion Exchanges with only 2 lots of 2001, APMEX had limited quanitities of 2020 coin, Bullion Exchanges had more than 10 lots of 1987, Bullion Exchanges limited quantity available. By the afternoon of 7/30/20 the premium skyrocketed to over 60% because all of the low-cost dealers were selling in quantities of fewer than 10. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. So as an investor, what are you to do about this? These silver products all come from name-brand minting and refinery companies. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." The best price is MCM: $736.40 $36.82/coin (105 available). The premium hike will put more than a dent in the newly . The BIG problem which you are not grasping is that the underlying silver market is NOT going to move price points by you clearing out retail. That still sounds high, but it is not unreasonable if you look at it on a "per coin" basis. Whats in store for silver in the future? The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? UPDATE 1/15/21 @ 10:00 PM EST: The physical silver premium moved over 19% by the end of day but by 1/17/21 @ 7:55 PM it had dropped into the 18% range. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Get your metals now. INN - Investing News , Is Silver a Good Investment? there's 82m oz sitting in the COMEX warehouses. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. In times of normal conditions, Ive heard experts state that you can get a 1,000 oz bar from the COMEX at $.10 to $.20 over spot. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. Let me know down in the comments below!Great prices on silver bullion at SD Bullion https://shrsl.com/3dyunFollow me on Twitter https://twitter.com/stacksmarterFollow me on Instagram https://instagram.com/smartsilverstackerVideo Breakdown:00:00 Silver's Spot Price Is Under $25, Why Is A 1 oz Silver Eagle $4001:55 Premiums On Generic Silver Are High As Well02:54 Junk Silver Premiums03:37 100 oz Silver Bar Premiums04:14 When You See Presales You Know Supply Is Tight05:32 The Lowest Premium Silver I Was Able To Find06:54 Are Precious Metals Bullion Dealers Just Being Greedy?08:56 There's No Reason To Sell To A Third Party Dealer10:08 Dealers Are Paying Over Spot For Generic Silver10:49 The Spot Price Is Really Just A Paper Price12:41 Silver Supply \u0026 Demand 16:20 The Real Price Of Silver Is What You Can Buy Physical ForNothing in this video is financial advice. UPDATE 1/30/21 @ 9:45 PM EST: Something is certainly going on. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. Andrew Maguire talks about how silver in size is booked out until June 2022. If you want to take down Darth Vader, youre going to need a bigger boat. I just bought 25lbs of 90%. He pointed out that subtracting net investments in silver exchange-traded products leaves the market in a deficit, and also questioned the methodology behind the institutes recycling data given that most recycled silver metal comes from privately owned smelters and refineries that typically dont make those figures public. Pre-sales for future delivery are not counted. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. Yet Apmex is selling a silver eagle at $38? In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products.
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