MCM has 48, 20-coin lots for sale @ $747.80/each (2015), 16, 20-coin lots @ $752.80/each (2013) and 19, 20-coin lots @ $764.00/each (2016). They may deny you. Is there any justification for this? Why does it cost more to buy silver coins, rounds, and bars today? Inventory shortages almost always happen during periods of dramatically falling spot prices. 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). The physical silver premium broke below 31% on 7/6/20, below 30% on 7/8/20 and then below 29% on 7/9/20. 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. Then there were the millions who turned to the traditional safe haven investment of bullion. Under this definition, the British Pound Sterling (), euros (), Japanese yen (), and U.S . All these technologies require silver That's a pretty big (supply) deficit.". Let me repeat. But lets put a little context to this That record price for gold occurred during the tense weeks right after Russian president Vladmir Putin declared war on his neighboring country of Ukraine; concerns over impending nuclear war were at their highest in years, and fears over grain and oil shortage cast a pall over investment futures. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. Next is MCM $814.60 followed by APMEX at $835.26. UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. The Physical Gold Premium, on the other hand, still remains quite low at 6.75%. If you want product in your hands for the if you dont hold it, you dont own it crowd, buy now. I say that because the next available offer ($769.00) is from MCM which has almost 200 rolls of eagles available for sale but with a delayed delivery date (8/24/20). Get your metals now. I believe gold kicks in the door, but silver moves faster and further. At $28, no one is likely to run to the coin shop with grandmas silver. If you WANT to keep the pressure on, let the common Joe buy silver at $50 silver retail where you continue your pressure with PSLV, OneGold, Kinesis, and vaulting services buying 1,000 oz bars. You can take delivery of 100 oz bars, minimum of 200 oz. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. and our Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. Aydin Coin is a lower cost dealer but only has 10 tubes available at $642.40, which amounts to $32.12 per coin or a 67.20% premium. Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. I mean, except for an unlikely scenario, it seems to me that this is a paradigm shift; it's a one-way transition," he said. Remember at the same time those who deal with 1,000 oz bars are telling you theres no shortage, come here and they have 5-16x higher premiums than normal. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022," Neumeyer said when giving a Q4 2022 overview for his company. 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. "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. Looks like the craziness has passed sort of for now. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). As DEMAND rises, PRICE must move up in order to adjust to limited supply. The premium hike will put more than a dent in the newly . In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. UPDATE 3/12/21 @ 2:10 PM EST: Silver Eagles are getting a bit harder to source as Liberty Coin no longer has any offers and MCM has only one offer. Its not. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The primary reason for the increase in Silver Eagle premiums in recent years has been the seigniorage cost charged by the US Mint. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. 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. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Ordinarily, the more popular bars, rounds, and coinsthe ones for which you may pay a slightly higher premiumare also more widely recognized and in demand. I think these numbers are made up, he said. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? Refining capability. On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand. UPDATE 6/15/22 @ 1:00 PM EST: Liberty Coinis thelowest cost dealer selling in quantities of over 10, 20-coin tubes. 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. Whats in store for silver in the future? If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 $37.18/coin. 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 reason Im writing this is because theres a lot of noobs out there that want to: So, if you want shiny in your hands, go to your local coin shop. The next dealer selling in quantity is APMEX at a way higher price APMEX: $754.64 $37.73/coin. "It's not a small thing, and it's not going away. Hannigan is still steady at $729.98/tube. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. A silver Britannia is about 8 per coin over spot. We will see how long it lasts. Inheritance has increased its price by more than $10.00/tube $727.21. And perhaps go Palladium and hit $100-$200 silver beyond that. According to The Silver Institute) the global silver market should record a deficit in 2022. Others turned to cryptocurrency, such as Bitcoin, Ethereum, Tether, and others. Dates: 17 Feb 2023 (Registration), 13 - 18 Mar 2023 (Camp Dates) Fees: Spend $50 to secure a Bootcamp ticket for $10. 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. This leads to increased buying and selling, and bullion sellers react accordingly. THAT is in 1,000 oz bars. MCM was all sold out and the lowest cost dealer is now Bullion Exchanges. Otherwise, they sell to you too cheap and they are out of products and out of business soon thereafter. 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. Buy some. Below, you will see your blueprint to get to $50 silver, and soon. This is based on demand to slow you down to keep them from going out of business. The Russia/Ukraine war is expected to weigh heavily on commodities markets, including precious metals, even after the conflict ends, with many expecting sanctions to remain. "I actually saw someone the other day call for US$500 silver," he said. In this article, we explain a few reasons as to why . Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. 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. Bullion Exchanges is, again, the lowest cost. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? Don't be the last to know about the latest deals This would be Liberty Coin $685.38 $34.27/coin & APMEX: $804.74 $40.23/coin. It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Yeah, that seems to make sense . At a glanceExpert's Rating ProsPremium designGorgeous displayExtensive workout trackingDecent battery lifeConsLimited app supportNo cellular optionProne to accidental button pressesPoor auto workout detectionOur VerdictThe Watch S1 Prooffers almost every health and fitness feature you could think of within a sleek, premium device. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? As the official silver bullion coin of the United States, the 1 oz American Eagle Silver Coin has enjoyed a high level of prestige among precious metals investors at home and abroad. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. 1. silver bars, youre paying approximately a 20-25% premium on. Then they just give you spot. Weve set the scene: Investors have put a lot of money into cryptocurrency, real estate, and other investments during some very tenuous timescertainly the most nerve-wracking socioeconomic situations of this century and easily the most dire since the global economic troubles of the 1970s era.
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