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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 05/13/2009 : 15:31:24
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have never done business with these guys.
physical premiums are dropping like a rock. what's going on?
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 05/13/2009 : 15:45:08
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| 10k order limit, and seems 90 is now at 10.3 |
Trolling is an art. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/13/2009 : 15:50:16
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Looks like they are selling at Spot+14c, buying at spot-50c for 90% silver bags. Note that their minimum transaction is $10,000. I have not dealt with them, perhaps someone else can comment.
As for the silver premiums, they are coming down for all forms of silver - It seems to be a supply versus demand situation. In addition, there may be some wholesalers who are in trouble and who may be liquidating. Remember that in the recent past you would buy bags of silver at spot. I guess were just about there again. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/13/2009 : 17:02:46
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quote:
Originally posted by Country
Looks like they are selling at Spot+14c, buying at spot-50c for 90% silver bags. Note that their minimum transaction is $10,000. I have not dealt with them, perhaps someone else can comment.
As for the silver premiums, they are coming down for all forms of silver - It seems to be a supply versus demand situation. In addition, there may be some wholesalers who are in trouble and who may be liquidating. Remember that in the recent past you would buy bags of silver at spot. I guess were just about there again.
sorry - i was lookign at their buy price. yes, selling at spot plus 14 cents per ounce. its been a long time.
the low premiums are getting me nervous. folks were predicting a comex default very recently. then Ted Butler and Ed Steer go on vacation. at the same time, silver jumps $2 an ounce while gold leading gold by quite a few steps. bizzarro world. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/13/2009 : 18:17:34
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| The .999 premiums fell already so the 90% had to follow eventually. |
Copper Penny Investing
www.portlandmint.com |
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90% at 9.67X
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