Today on HiBid there are 10 oz silver bars going for $250. Add in %15 buyers premium + shipping and it ends up $7.75 over spot. That's close to %13 premium.
Inordinately fascinated by bits of metal with strange markings and figures
Premiums simply reflect what buyers are willing to pay for recognizable or "name brand" physical silver, I.e. ASE's. Spot price bears only a superficial relationship to small amounts of physical or lots under 1,000 ounces
I am seeing mint monster boxes of 500 @ 18k-22k now. AGE & buff premiums are climbing too. I've been thinking of exchanging ASE for AGEs with thought silver may falter during a recession and gold climb.
So I gave in and bought 10 more Kangaroos and this time with a check. Trying to get my dollar cost average down. Not really in any hurry. The credit card fees aren't desirable at all.
Just got my 10 SML coins from the Black Friday sale from SD Bullion. Once I get my Kangaroos I'll have 50oz, the most I've ever had actually. The air-tites and tubes for them are kinda pricey (OnFireGuy) but I want to protect my investments.
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