Written by Gregory Monte.
For graphs showing the physical gold & silver premiums as well as the current physical gold/silver ratios compared to spot, please go to my website: http://www.didthesystemcollapse.org
Crazy physical silver premium market recently.
Here is a summary of what happened in the physical silver premium market over the past two days:
By the afternoon of 7/30/20 the premium skyrocketed to over 60% because all of the low-cost dealers were selling in quantities of fewer than 10. Lowest cost at 3:30 PM was Bullion Exchanges. Availability @ 3:30 PM: DBS – 4, Bullion Exchanges (2020) – 3, Bullion Exchanges (Random Date) – 8, Bullion Exchanges (2001) – 2, APMEX (2020) – Limited quantity available.
Then, on the morning of 7/31/20 dealer DBS was back below 9 lots so the premium, once again, jumped above 60%.
But then Bullion Exchanges started selling in quantity later in the day. And then Liberty Coin came in with lower prices which lowered the premium later in the day back into the high 30% range.
Current Premium (7/31/20 @ 8:50 PM): $9.12/37.37%
Liberty Coin is lowest price dealer selling in quantities of more than 10.
Physical Gold Premium Summary – 7/31/20
Time: 8:50 PM
Spot Price (Goldprice.org): $1,975.69
Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10): Bullion Exchanges – $2,128.91.
Dollar Premium: $153.22
Premium Percentage (Physical/Spot): 7.76%
Second lowest price dealer selling in quantity is Liberty Coin: $2,129.25/7.77% Premium).
Time: 3:25 PM
Spot Price (Goldprice.org): $1,973.05
Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10): Liberty Coin – $2,127.17.
Dollar Premium: $154.12
Premium Percentage (Physical/Spot): 7.81%
Second lowest price dealer selling in quantity is Bullion Exchanges: $2,130.20/7.96% Premium).