The market essentially has the governor switch at the retail front end. The US mint then slaps like a $2-3 premium on from THEM. Which led to the latest series of days over 100% (from 8/19 through 8/23). . Plus, silver has the added advantage of being a widely used industrial metal. You should by now already have a decent physical stash. See above. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. Consider whats happening over the last several months, though. 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. 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%. 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. The relatively high premiums from such a . 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. For more information, please see our There are merits for both metals, especially as part of a well-balanced portfolio. Physical Silver Eagle Premium Hits Record 71.25%. The truth is not that at all. After that initial move is complete, further fallout related to the. If you find the information on this website interesting or useful, please consider supporting my work by clicking this link and donating through PayPal. This then goes to distributors who have a mark up, then get to the end dealer to sell. While this is the case throughout the silver industry, it seems to be especially pronounced on monetized silver coins more so than with silver rounds or silver bars. Premiums represent a combination of factors. Ive been calling for triple-digit silver for a few years now, and Im more enthused now, Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer's disease drug. As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. Go to your favorite online dealer. If you want to take down Darth Vader, youre going to need a bigger boat. Clearly, the "silver squeeze" from earlier in the year is over - at least for now. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! So I quite like silver a lot.". Lowest cost in quantity is SJ Miller who has 100% positive on Ebay but I have never heard of him. First, let's define what a "premium" is in this context. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. What are other options to drain the COMEX, so to speak? Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. Stop trying to make dealers look like they are ripping people off, it then makes you look shady. All other standard dealers do this. But anyone, really, can go to the COMEX today and take off millions of ounces. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. By 1/28/21 it was down in the 19% range. 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. You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. I recently used them and there was a steep $1.25 or so premium for an allocated vault product. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. I do NOT work in the silver bullion industry. He thinks its only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing. Physical Silver Eagle Premium Now Over80%. I could not find any 20 coin tube for sale on Ebay from major dealers in any quantity at all. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. And they may have 10,000 available but 100,000 want them at $5 over. Heres the problem with that. On 7/22/20 the physical silver premium jumped back into the low 30% range. A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. 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. Scan this QR code to download the app now. A generic 1 oz silver round is now selling for $5 over the spot price. The spot price has become the price for "paper" silver (ETFs and the like). https://www.youtube.com/watch?v=vtsgRJGNYGsWhy are premiums on silver bullion so high? By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. Companies involved in silver mining rarely do so as their main objective. Looks like the craziness has passed sort of for now. UPDATE 1/28/21 @ 12:00 NOON EST: Physical silver premium declined into the low 18% range until the evening of 1/29/21 when it moved above 19%. 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%. From a longer-term lens, Matt Watson, founder of Precious Metals Commodity Management, thinks that over the next decade silver will benefit greatly from increased industrial demand, particularly from the electric vehicle, solar photovoltaic and electronics industries. The same cant be said for those who invest in stocks (remember Enron? Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. Current premium stands at $17.93/82.54%. And we might be getting to that point anyway due to the governor switch possibly going the way of Palladium soon. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. The value of silver is already lower than many other metals, but more importantly it is rarely found on its own. I believe gold kicks in the door, but silver moves faster and further. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. This potentially is what is in store for gold and silver soon. 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%. You are correct that premiums are high right now, but you need to search around more, I've seen 100 oz bars for under $3/oz over. UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. Some may mark up prices to prevent running out of inventory, or to capture profits. Nov 2022 07. difference between sin and cos wave Facebook; treatment plan ptsd example Twitter; dx7 factory patches for dexed Google+; Because this is the internet, of course someone called bullshit on me. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. UPDATE 8/27/20 @ 7:20 PM: Physical premium continues to decline. 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. Keith Neumeyer of First Majestic Silver has said he sees the white metal reaching US$100 per ounce. ", Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. The $3 was seen as the cost to mint the coins. So assume silver runs up to $50 and you run to the coin shop with silverware. On the bright side, premiums have not been this low for a long time . Don't be the last to know about the latest deals and new product arrivals. Investing News Network websites or approved third-party tools use cookies. 100,000 crazy, deranged, silver apes from WallStreetSilver can really do a LOT of damage by focusing on the right hand side above. I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. This is why they need tampy tamp. Let me tell you another part of this, which you do not want to hear. Let me also be clear. American Silver Eagles' premiums are high for one main reason: demand. 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). Are high premiums on silver justified? The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. "Last time we got near US$30, very close to it. What kind of a free market is that?". Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. To anyone with a business education, it makes them look disgusting as they are manipulating facts. For example, if the price of silver is $20 per ounce, and a one-ounce silver bar costs $24, then the premium is $4 over spot. Using estimated numbers here. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. When Palladium broke the tampy tamp, then it went nuts. So, if the silver price does rise, how high will it go? UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. While central bank actions are important for gold, and by extension silver, a key price driver lately has been geopolitical uncertainty. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). There are no shortage at the timber level, but refining it into lumber is the bottleneck. Let me repeat. Today the premium hit 71.05%. On 1/6/21 the premium moved above 16% and then on 1/7/21 it popped above 17%. Bullion Exchanges was the least expensive dealer (in quantity) beginning 6/19/20 until DBS (briefly) took the lead on 6/22/20. Meaning as retailers see a flood of interested people over $30, high retail premiums would be the norm to slow the interest in buying. And gold bars, Maybe 5%. And then they have to wait weeks or months in order to get more product from the distributors. 4. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. But Im cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening., In his August 2022 with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view in fact, he's been surpassed in that optimism. Just stop already. More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. The latest silver reports show investment silver at 500m oz, to include ETFs, yet price hasnt moved since the summer? There are a variety of ways to get into the silver market. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. Neumeyer has voiced this opinion often, most recently discussing it in an August 2022 interview with Wall Street Silver. Then come back and talk to me here. Is Silver Already Worth $40 - Why Are Premiums On Physical Bullion So High? Rates for 2022 will be finalized later this month, Baillio said. Unless one is trading huge amounts of bullion at a single time, they can generally buy and sell silver and other forms of bullion without an identifiable paper trail. However, premium changes vary by . I finally found Bullion Exchanges selling 40 coins. A silver Britannia is about 8 per coin over spot. When you look under the hood, and do they math, those sites were charting between $1.25 and $1.65 premium per ounce for those 1,000 oz bars. Yeah, that seems to make sense . By 1/19/21 (evening) it had moved back into the 19% range. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. The case for and against silver at this moment, Silver investors this individual attempted to dox me and harm my career. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. I have never used this dealer as a price source before on Ebay but it is the lowest cost dealer currently. Electric vehicles, solar panels, windmills, you name it. Required fields are marked *. 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. Below, you will see your blueprint to get to $50 silver, and soon. Continue to drain on the right side, and when premiums come down on the left side, get some more shiny here and there. All information provided for educational and entertainment purposes only. And then trying to lecture me that theres no shortage. Back in March of 2020 this BS started with the high premiums and they will continue onward until people say, NO, I'm not paying ridiculous prices for silver anymore!! Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Meanwhile, theres a line a block long in line to buy. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. The coin is struck using special dies. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. Sit through the first lecture. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. 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