The premiums at the moment are ridiculous .For example at ABC in...

First 126255 Last

Share
Profile

Follow
spiderman14

5,877 Posts.

275

18/04/24

10:34

Post #: 73402637
Share

Originally posted by mikeyjon: ↑

Hi @DonaldFrump ,
A lot of dribble on this thread most of the time so a lot of posters are on ignore . As for what interests me in the physical metals space i traded a couple of goldies for silver when the ratio was at 90 early last month . I dont buy much these days , i did all that many years ago when they were giving the stuff away at what you would say today are ridiculously low prices.
The large bullion companies are making a killing right now on the premiums they charge . It is a bit more of a hobby for me today to visit small bullion exchanges and coin shops picking up some junk silver , buy backs and a few sovereigns at close to spot , as well , checkout pawn shops as those guys are only interested in cash and want to move stuff on ,you often get a deal with them.
If you hold it you own it , you cant go wrong with PM's.

Expand

The premiums at the moment are ridiculous .
For example at ABC in Sydney with Silver at $44 Aud they want $9 and more over spot for bullion coins , American eagles are $16 over spot!Yet they are buying back at $1.50 under spot, that's crazy margins.
Gold is far better on the premiums.
Jaggards is slightly better on their buyback coins but not by much.

I stopped buying before Silver and Gold took off and will wait.

Needs to consolidate first before premiums come off to competitive levels again.

Value at posting: $1,391.7
2 Upvote

0 Great analysis

Reply