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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 07/09/2009 : 07:49:43
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I been noticing that premiums have not been increasing as silver moves down this time. BD catalog is offering $100 bags of 90% for $967; rounds are going for about $14. Do you think premiums will increase if silver goes down further? So far, I have seen no sign of it.
Has demand fallen off this time around?
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/09/2009 : 08:28:21
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| There appears to be lots of 90%, small bar or rounds physical silver on the market now. If silver drops more the supply will tighten up as more investors jump to buy and fewer sellers add to the supply. Thus higher premiums and maybe even a small bar physical silver shortage will appear again. But right now IMO, we are a long way away from that. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/09/2009 : 08:51:05
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| This is what I have been waiting for maybe this time I will hit the market the right way. Buy when low. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/09/2009 : 10:13:51
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[quote]Originally posted by dakota1955
This is what I have been waiting for maybe this time I will hit the market the right way. Buy when low.
[/quote
Buying in the summer has tended to be the right time over recent years. Most don't though and do much of their buying latter in the year as the prices are well on there way up again. I tend to sell (some) late spring or very early summer and take profits. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 07/09/2009 : 11:52:18
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i wouldn't bet on higher premiums in the short run.
premiums really got out of hand starting about 18 months ago. its only been a few months now that they have come back down to earth.
about 5 years ago, i was buying ASE at 1.49 over and rounds at .79 over. premiums are still north of that but well below the level of 6 months ago.
for some reason, there was a long delay for the refineries to stamp out bars in small denominations. big bars were always available.
if you think about it, a refinery can buy 1000 ounce bars of silver at spot all day long. it doesn't cost that much to make smaller denomination bars. they were doing this profitably at the .79 per coin level 5 years ago, so why not now?
so the bigger mystery to me is why the premiums were inflated for so long, not why did they come back down. |
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 - 07/09/2009 : 13:29:46
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| If we start seeing silver below the $12.50ish range than I think we will start to see high premiums again. |
Copper Penny Investing
www.portlandmint.com |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 07/09/2009 : 14:26:42
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quote:
Originally posted by highroller4321
If we start seeing silver below the $12.50ish range than I think we will start to see high premiums again.
I agree this may happen, depending on how much stock a dealer has. The velocity of the downswing is a huge key IMO. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/09/2009 : 17:59:28
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| Don't like the premiums, buy from a different dealer. The internet can solve supply and demand. |
Trolling is an art. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/09/2009 : 18:30:15
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quote:
Originally posted by Neckro
Don't like the premiums, buy from a different dealer. The internet can solve supply and demand.
We are talking every dealer having a premium if the price drops.... |
Copper Penny Investing
www.portlandmint.com |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/10/2009 : 09:44:37
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quote:
Originally posted by highroller4321
If we start seeing silver below the $12.50ish range than I think we will start to see high premiums again.
Highroller,
Silver is at $12.57 right now. I see no sign of premiums. I think it's gonna be different this time. I think we will be buying 90% at spot all the way down (rounds/bars at small premium as always).
Tulving just raised their sell price by 30c, selling bags at 69c over spot. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 07/10/2009 18:15:16 |
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Silver Down - No Premiums
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