With demand so high, you can go for awhile with keeping premiums high. Eventually, gold prices softened and have remained unsettled ever since. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. 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%. 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 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. Let me translate. Are dealers being greedy and ripping stackers off? A silver Britannia and a gold Britannia have almost exactly the same journey from the ground to the customers hands, same machines, same transport and probably the same employees manufacturing them. THIS WILL MAKE RETAIL PREMIUMS JACKED. How much of grandmas silverware and constitutional coinage was melted down in 1980 and 2011? Eastpoint Mall Introduces a New 2D1N Bootcamp Experience! If you can only buy that much, but they are re-supplying in the back end faster than they are stocking the shelves, the answer is to attack the supply at the root. They may deny you. When Palladium broke the tampy tamp, then it went nuts. The premium hike will put more than a dent in the newly . Stop trying to make dealers look like they are ripping people off, it then makes you look shady. Go to your favorite online dealer. We have had the silver raid days, which help clear out retail. When investing in silver of any form, be sure to buy it from a reputable bullion dealer. What kind of a free market is that?". Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. Physical silver demand climbed to a record high in 2021, led by an all-time high in industrial applications - silver is the best conductor of electricity, so is often used in high-end applications. Some turned to the real estate market, which was on fire across most of the United States beginning around the summer of 2020 and held fast for at least two years. UPDATE 1/31/21 @ 2:00 PM EST: Aydin Coin is sold out. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. It dipped below on 1/14/21 but regained the 18% level by the morning or 1/15/21. By 1:30 the premium had moved over 60%. This is why the premium on physical silver declined from its 66.22% high earlier in the day. Yet Apmex is selling a silver eagle at $38? DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. 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. (Updated 2022) , Silver Price Manipulation: Fact or Fantasy? First, let's define what a "premium" is in this context. "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. In February 2023, the Fed raised rates by just 25 basis points, the smallest hike since March 2022, as Chair Jerome Powell said the process of disinflation has begun. A generic 1 oz silver round is now selling for $5 over the spot price. Stuntman, Arganto, dikefalos and 1 other. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate . In fact, in order for the precious metal to jump to the US$100 mark, its price would have to increase from its current value by more than 350 percent. These types of things tell me theres a lack of supply at the finished goods segment of this but price point is also something you need to take into consideration. Buy some. Look at the drip above that is going to dealers. By 7:30 PM EST a standard dealer came in (Bullion Exchanges) and the physical premium has declined to 52.41%. Consider whats happening over the last several months, though. Anyone take a look at timber versus lumber. On 3/5/21 there were only two dealer offering in quantity but now there are three and some have multiple offers. But if you, the consumer, feel costs + premium are too high, then look to other avenues to buy. And they may have 10,000 available but 100,000 want them at $5 over. If you want to take down Darth Vader, youre going to need a bigger boat. The best price is MCM: $736.40 $36.82/coin (105 available). "I actually saw someone the other day call for US$500 silver," he said. That's due to all the great technologies, all the newfangled gadgets that we're consuming. PSLV is indeed draining 1,000 oz bars from the market. 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. "Last time we got near US$30, very close to it. I finally found Bullion Exchanges selling 40 coins. 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. I cant blame them. Today the premium hit 71.05%. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. Cookie Notice First, lets dive a little deeper into Neumeyers US$100 prediction. After that initial move is complete, further fallout related to the. Theres this misnomer that because theres 25b ounces of silver in jewelry, tea sets, and grandmas silverware, that talk of a shortage is silly. Get your metals now. The high point of that squeeze was 66.48% on 1/31/21. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? I think theyll get to buy at <10% premiums once the suppressed spot prices and the actual real world market value equalize. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin. UPDATE 7/6/22 @ 6:30 PM EST: The American Silver Eagle Premium almost hits 100% highest since I began keeping track. Below, you will see your blueprint to get to $50 silver, and soon. 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. 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. Below, you will see your blueprint to get to $50 silver, and soon. 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. Create a free website or blog at WordPress.com. These retail companies have a business to run. Enroll in economics 101. You need to study and advance your position while you are able, getting tunnel vision and staying put while whining about gouging while likely only be to your own peril. Some may mark up prices to prevent running out of inventory, or to capture profits. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. All information provided for educational and entertainment purposes only. . One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. On 6/8/20 DBS again had the lowest cost until 6/15/20 when Bullion Exchanges took the lead. 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. With silver at $14 oz. Hannigan is still steady at $729.98/tube. The lowest cost dealer offering 20 coin Silver Eagles in quantity is Liberty Coin @ $729.28. 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). At least this has been the case since I started to closely follow the Ebay market since last Spring. Which led to the latest series of days over 100% (from 8/19 through 8/23). UPDATE 3/19/21 @ 7:45 AM EST: DBS Coin did not come in this morning with any offers (they have no coins available) so the physical silver premium remains elevated. And gold bars, Maybe 5%. 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. That is to say, a ratio of 1/10.3. NOTE: Daily graph is updated once per day. "It is so cheap relative to other metals and other. There are a variety of ways to get into the silver market. This premium is even higher than the one that occurred during the silver squeeze of late January/early February of 2021. lowest cost dealer selling in quantities of over 10, 20-coin tubes. 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%. And a short time later DBS Coins & MCM also began offering silver eagles in quanitity. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Where the cartels would perhaps win before would be to choke . Buy some. I think these numbers are made up, he said. In the past this would have been unheard of. /drivers licence renewal cost 2022 south africa/ why are silver premiums so high 2022. flask-socketio, namespace why are silver premiums so high 2022. UPDATE 2/26/21 @ 8:45 AM EST: The scarcity in the silver market continues this morning. But Will It Last? Those who wish to buy silver rounds and bars should consider buying them while their premiums are still relatively reasonable. I do NOT work in the silver bullion industry. All other standard dealers do this. "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. The World Bank's Commodity Markets Outlook in October 2022 saw the silver price . On the morning of 6/1/20 the premium went below 45% but then jumped back up in the evening because Bullion Exchanges was no longer selling in quantities more than 10. Nate, I want $50 silver, but how do I do this with $41 silver Eagles? But by 9:40 PM EST the premium had jumped back above 60%. Looking first at the Fed and interest rates, it's useful to understand that higher rates are generally negative for gold and silver, while lower rates tend to be positive. 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. The premium on a silver product is the amount of money above the spot price of silver that the product costs. As a result, silver bullion is more practical and versatile, making this type of silver investment more appealing. It was only a matter of months each time. The past few years have been filled with major geopolitical events such as tensions between the US and other countries such as North Korea, China and Iran. Silver is also being drained from the paper exchanges and IMHO something is afoot. $50 silver, coin dealer, gold, refinery, silver, silversqueeze. By 1/19/21 (evening) it had moved back into the 19% range. "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. Some events will likely shake investor confidence in early 2022, causing precious metals to move 15% to 25% higher initially. UPDATE 9/29/21 @ 4:15 PM EST: The Physical Silver Premium has bounced almost 25% off of its recent low. Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. 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). 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. by. 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. This is why they need tampy tamp. The spot price has become the price for "paper" silver (ETFs and the like). If we see $50 silver, refineries are about to be crushed with grandmas tea sets. 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%. 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. 2022 Silver Coin Warning - Silver Premiums Higher Out The Gate! So what is given to the dealers from the distributor is very little supply, and a RAGING demand. Notice the very large difference in offer prices almost a $120.00 difference. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Don't forget the $50M PM purchase recently that took a huge number of ASE's (plus gold) off the market. Great article, so many short sighted folks who cant see the forest for the trees will sit on the sidelines and whine about premiums. But they do not give you much of the premium when you sell it back to them. If you have constricted supply and massive demand, on a product that will increase in price and demand as price increases. Your email address will not be published. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. The percentage premium has skyrocketed up to 25%. Meanwhile, theres a line a block long in line to buy. As DEMAND rises, PRICE must move up in order to adjust to limited supply. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. First, a proof coin is simply more expensive to make. Posted on 07/11/2022 by 07/11/2022 by Companies involved in silver mining rarely do so as their main objective. Today's American Silver Eagle coins (1986-present) produced by the United States Mint are legal tender but consist . This premium can also be expressed as 20% over spot. Here is the availability on Ebay: DBS Coin: $687.84 $34.39/coin, Liberty Coin: None available, MCM: $739.40 None available, MCM: $792.80 $39.64/coin (119 available), APMEX: $794.64 $39.73/coin & APMEX: $877.11 $43.85/coin. The silver market and the premiums are a scam and have been for years. After that you will find APMEX with a price of $847.42. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. Silver has held the attention of humankind for at least 5,000 years. Meanwhile, precious metals are showing, as they usually do, that they usually weather economic storms more soundly than so many other investments. Proof Coins Proof coin premiums are almost always slightly higher because these coins represent the highest quality that a mint will produce. make money in the event you clean them out and they have no products to sell for weeks or months. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold. Although Neumeyer believes that the ties that bind silver to gold need to be broken, the reality is that most of the same factors that shape the price of gold also move silver. Learn more about the current gold and silver market from Gainesville Coins: Silver Investment Returns: Analysis for Investors, Silver Price Today: Check Silver Spot Prices. They are NOT in the business of running a charity. Meanwhile, inflation was hitting its worst numbers since the stagflationary early 1980s. We have a cheat code for that, by the way. In my opinion, the demand for physical investment has by far been the biggest disruptor . 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. Watch on Black Friday is now Silver Friday thru December 23, 2021! Events and Activities For The March School Holidays. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. After that there are plenty of other dealers offering 20-coin lots for under $800.00. You are then running into premiums twice. By late Monday morning on 8/3/20, all low cost dealers were selling in limited quantities. " At 194 Moz, this will be a multi-decade high and four times the level seen in 2021. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. 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? Refinery may be backed up. 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%. 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? Next lowest cost standard dealer in quantities of over 10, 20-coin tubes is Liberty Coin. "We'll have to see what happens," he said at the end of 2022. Clearing out retail helps, in a way, but is not what drives the price of the silver market. It was during this time that Neumeyer himself invested heavily in mining stocks and came out on top. Also Liberty Coin came in with lower prices which lowered the premium later in the day. To anyone with a business education, it makes them look disgusting as they are manipulating facts. Companies involved in silver mining rarely do so as their main objective. This is now obvious with the failure of FTX and huge losses seen with the popular Bitcoin and other digital currencies. The cheapest 500g coffee I can find is 6.75. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. American Silver Eagles' premiums are high for one main reason: demand. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. Supposedly, this is matched to silver in their vaults. On 7/23/20 the physical silver premium went back into the 40% range. Why are American Silver Eagle Premiums High? And perhaps go Palladium and hit $100-$200 silver beyond that. Dont buy on a raid day unless you absolutely love the idea of paying stupid high premiums. If you look at the spot price of silver at this moment, it's somewhere around $28. It is highly liquid though and you can get metal on the other end- provided Apmex is not out. Whats in store for silver in the future? Available supply is not the same as supply. and new product arrivals. And, yes, Bullion Exchanges did come in with quantity by 9:30 PM EST. Currently AMPEX has come in as the lowest cost dealer and the percentage premium has declined to 36.65%. Published: Dec 19, 2022. 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%. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. How does this REALLY end in higher silver prices? And then trying to lecture me that theres no shortage. 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. This is despite the fact that the spot price as declined in that same time period below $26.00/ounce. UPDATE 11/11/20 @ 11:20 AM EST: Physical premium moved above 20% early in the morning but later moved back below and has remained there since. (Updated 2022). Plus, silver has the added advantage of being a widely used industrial metal. 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. During the backwardation of September 2015, silver was trading . "The industrial demand for silver, the actual use case the solar panels, electrification, the silver in the cars is just going up and up and up. Some premiums have been much higher than this example lately. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. Your email address will not be published. In August 2020, the price of silver reached nearly US$28.50 before pulling back again, and moved back up near those heights in February 2021. Companies involved in silver mining rarely do so as their main objective. Refining capability. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. UPDATE 5/17/22 @ 1:15 PM EST: The Physical Silver Premium jumped above 80% this morning and continues to remain elevated. No standard dealer has coins in quantity of more than 10, although Bullion Exchanges and DBS Coins have 10 tubes available for sale. Many of these products are available in attractive designs and some are collected on their aesthetic merits. On 7/22/20 the physical silver premium jumped back into the low 30% range. UPDATE 10/20/20 @ 2:00 PM: Physical premium is now under 18% 17.51% to be exact. . These silver products all come from name-brand minting and refinery companies. UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coins came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. One interesting way to get exposure to silver is via the Sprott Physical Silver Trust (PSLV). Silver prices traded slightly lower on Friday, down 16 cents an ounce. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. Using estimated numbers here. 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. So by the way I figure if real first quality ASE are $40 then the GSR is $2000/40 or 50 to 1. UPDATE @ 9:10 AM EST: Sure enough, DBS Coin came in as the lowest cost dealer $673.38/$33.67 per coin. How to prepare against a currency collapse. The Physical Gold Premium remains low, historically speaking, as it is now 6.85%. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins.