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Silver Premiums Are Out Of Control!

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Valued Member
United States
284 Posts
 Posted 11/19/2022  4:12 pm  Show Profile   Bookmark this reply Add Nycstlrr to your friends list Get a Link to this Reply
Man, I bet the auctioneer was loving that.
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HondoB's Avatar
United States
25542 Posts
 Posted 11/19/2022  5:31 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
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
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jaxenro's Avatar
United States
533 Posts
 Posted 11/21/2022  08:17 am  Show Profile   Bookmark this reply Add jaxenro to your friends list Get a Link to this Reply
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
Valued Member
Windmiller's Avatar
United States
52 Posts
 Posted 11/26/2022  3:38 pm  Show Profile   Bookmark this reply Add Windmiller to your friends list Get a Link to this Reply
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.
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TheForce's Avatar
United States
4870 Posts
 Posted 11/30/2022  1:29 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
SD Bullion has a sale on Kangaroo's right now, $4.49 over spot. Tempting...
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TheForce's Avatar
United States
4870 Posts
 Posted 11/30/2022  2:30 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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.
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TheForce's Avatar
United States
4870 Posts
 Posted 12/01/2022  6:30 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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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