Is Physical Gold About To Go “No Offer” Like Silver?

Posted 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:

NOTE: There is only one dealer selling in quantities of more than 10 gold coins (APMEX). This is the first time that I have seen this situation since I started keeping track last April. It appears that physical gold is starting to get in short supply just like its sister metal, silver.

Or, maybe it is as innocuous as dealers just no longer relying on Ebay to sell their coins after the silver squeeze from earlier in the week.

Time will tell.

LAST GRAPH UPDATE: 2/3/21 @ 12:10 PM EST.

Spot Price ( $1,835.41

Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) – APMEX: $2,044.69. NOTE: Pre-sales for future delivery are not counted.

Dollar Premium: $209.28

Premium Percentage (Physical/Spot): 11.40% β€“ Red line shows 90-period moving average for the percentage premium.

Second lowest price dealer selling in quantity: There is no other dealer selling in quantities of more than 10 coins – first time since I have been keeping records.

I will keep track of this situation to see if it gets better … or worse.

Stay tuned.

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