Shanghai Gold Price at Discount to Spot Gold

Updated 6/11/21 @ 7:25 AM EST

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: http://www.didthesystemcollapse.org.


Since the beginning of 2021, the Shanghai gold fix price has been at an almost continuous premium to the Spot price. But for some reason starting around 6/1/21, this has not been the case. Now Shanghai is lower than Spot as the above chart makes clear.

Not sure if this is just a temporary situation or the sign of some significant change in the market but I wanted to make sure all of my readers were aware of this situation.

You can keep track of the Shanghai vs. Spot/Physical relationship on my webpage here. I update the charts on that page every weekday morning.

Physical Gold Premium is, Once Again, Back Above $200/ounce.

Updated 6/1/21 @ 12:10 PM EST

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: http://www.didthesystemcollapse.org.


Commentary

Since the beginning of May 2021, the physical gold premium has popped above $200/ounce four times: 5/12 – 5/13, 5/24 – 5/25, briefly on 5/26 and now on 6/1. On each of these occasions the reason for the move above $200 was the result of APMEX running out of Gold Eagles in quantities of more than ten for sale. Shortly after this occurred, however, the company always came back in with more Eagles (usually later the same day). This may happen again, but as of 12:10 PM EST APMEX has not done so.

Since I have been keeping track of the market, the record price premium was $232.27 – a figure reached way back during the early pandemic crisis on 4/22/20. At that time the percentage premium was much higher, however, at 13.77%.

UPDATE 6/1/21 @ 7:30 PM EST: True to form, APMEX came in again with coins in quantity so the physical premium has declined under 11.00%. However, the dollar premium is still over $200.00


CURRENT UPDATE: 6/1/21 @12:10 PM EST

Spot Price (Goldprice.org): $1,902.34.

Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Liberty Coin: $2,124.64. NOTE: Pre-sales for future delivery are not counted .

Dollar Premium: $222.30

Percentage Premium (Physical/Spot): 11.69%

Premium for second lowest price dealer selling in quantity – APMEX: $233.30/12.26%.

Physical Gold Premium Back Above $200.00/ounce.

Updated 5/25/21 @ 7:30 AM EST

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: http://www.didthesystemcollapse.org.


UPDATE 5/25/21 @ 10:30 AM EST: Well, that didn’t last long. APMEX came in quickly with a lower price so now the premium has declined to under $200.00.

UPDATE 5/25/21 @ 7:30 AM EST. The physical gold dollar premium is now back above $200.00. This is the first time since the middle of May where it briefly went over that mark on 5/12 & 5/14. Before that, you have to go to April to see a $200.00 premium. Once again, that was only a brief situation on several days because it could not hold above that mark for long. The last sustained time with a premium over $200.00 was from 2/3 through 3/17. Because the graph shown above is a daily graph, you can’t see that the premium moved above $200.00 intra-day several times over the past few months. This is why I also include on my website an Intra-Day graph of for gold.

Updated 5/25/21 @ 7:30 AM EST

CURRENT UPDATE: 5/25/21 @ 7:30 AM EST

Spot Price (Goldprice.org): $1,882.21.

Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Liberty Coin: $2,102.58. NOTE: Pre-sales for future delivery are not counted .

Dollar Premium: $220.37

Percentage Premium (Physical/Spot): 11.71%

Premium for second lowest price dealer selling in quantity – Bullion Exchanges: $224.58/11.93%.

Physical Gold Premium Moves Decisively Over $200.00

Updated 5/12/21 @ 2:00 PM EST

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: http://www.didthesystemcollapse.org.

NOTE: By the evening of 5/12/21 the physical price premium dipped back below $200.00/ounce. Then, by the afternoon of 5/13/21 the premium was back up again.

UPDATE 5/13/21 @ 12:45 PM EST: APMEX has only 9 coins for sale so is no longer the lowest cost dealer in quantity. Liberty Coin is lowest @ $2,042.15. This represents a premium of $215.97/11.83%.


CURRENT UPDATE: 5/12/21 @ 2:00 PM EST

Spot Price (Goldprice.org): $1,820.76.

Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Bullion Exchanges: $2,035.55. NOTE: Pre-sales for future delivery are not counted .

Dollar Premium: $214.79

Percentage Premium (Physical/Spot): 11.80%

Premium for second lowest price dealer selling in quantity – Liberty Coin: $241.74/13.28%.


Percentage Differential spikes over 1%.

The gap you see in the chart is the result of a short period of time when there was only one Ebay dealer offering coins in quantities of at least 10.

As of 5/12/21 @ 2:00 PM EST the percentage differential is: 1.48%

Updated 5/12/21 @ 2:00 PM EST

Physical Silver Premium is Back Over 46%.

Updated 4/23/21 @ 7:20 AM EST

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: http://www.didthesystemcollapse.org.


UPDATE: 4/23/21 @ 7:20 AM ESTArlington Coins has increased its offer price by $20.00/tube which has led to an increase in the physical silver premium to over 46%. As I indicated in my last update, this dealer is different from most of the larger dealers because it does not automatically update its prices to reflect changes in Spot. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. It remains the lowest cost dealer – but not by much.

Because of the tight situation in the physical Silver Eagle market, I include a list of dealers offering coins for sale on Ebay.  Here are the Ebay dealers offering 20-coin Silver Eagle tubes in quantities of more than 10:

– Arlington Coins: $763.75 – $38.18/coin.

– Private Individual: $775.98 – $38.79/coin.

– APMEX: $781.41 – $39.07/coin.

– MCM: $804.80 – $40.24/coin (95 available).

– APMEX: $873.34 – $43.66/coin.

Physical Silver Premium Jumps Over 48%.

Updated 4/15/21 @ 7:40 PM EST

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: http://www.didthesystemcollapse.org.


I rarely post twice in one day but the state of the current physical silver market requires it.

UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. There are very few offers in quantity on Ebay and APMEX is now the lowest cost dealer at a premium of $12.45/48.20% per coin.

UPDATE 4/15/21 @ 7:40 PM EST: Here is a VERY SHORT list of dealers offering 20-coin Silver Eagle tubes in quantities of more than 10:

APMEX: $765.68 – $38.28/coin.

Private Individual: $775.98 – $38.79/coin

APMEX: $867.82 – $43.39/coin.


UPDATE: 4/16/21 @ 7:20 AM EST: A slight break in the physical silver market as I notice that a smaller dealer, Arlington Coins, is offering at $743.75 – $37.18/coin.

UPDATE 4/16/21 @ 7:20 AM EST: Because of the tight situation in the physical Silver Eagle market, I include a list of dealers offering coins for sale on Ebay. Here are the Ebay dealers offering 20-coin Silver Eagle tubes in quantities of more than 10:

– Arlington Coins: $743.75 – $37.18/coin.

– APMEX: $771.81 – $38.59/coin.

– Private Individual: $775.98 – $38.79/coin

– APMEX: $873.95 – $43.69/coin.

Only TWO Dealers are Selling Physical Eagles in Quantity on Ebay.

Updated 4/15/21 @ 7:20 AM EST

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: http://www.didthesystemcollapse.org.


And then there were two…

UPDATE 4/15/21 @ 7:20 AM EST: It appears that most of the lower-cost dealers are now out of the market and this is leading to an upward pressure on physical premium. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. Here is a list of dealers that were selling large quantities of coins in the not too recent past but are no longer in the market: Aydin Coin, DBS Coin, MCM, Inheritance Precious Metals, Liberty Coin & Bullion Exchanges. These dealers may have small offers available but none are selling more than 10, 20-coin tubes.

I will be watching this situation today to see if any of these dealers comes back into the market with large silver offerings. If not, then this would indicate that the physical market it getting tight, once again.

Stay tuned …

UPDATE 10:25 AM EST: Still no other Ebay dealers have come in with offers in quantity.

The Low-Cost Dealers Are Back! Physical Silver Premium Declines Yet Again

Updated 4/13/21 @ 9:45 AM EST

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: http://www.didthesystemcollapse.org.


As I reported late last week:

UPDATE 4/9/21 @ 9:15 AM EST: The brief decline in the physical silver price earlier in the week has ended. Recall that it was the result of two new low-cost dealers who were not adjusting their offering prices based on the current spot price (like all other major dealers do). Instead, they were keeping their prices fixed. These dealers were Inheritance Precious Metals & Hannigan Coin. Inheritance has increased its price by more than $10.00/tube – $727.21. Hannigan is still steady at $729.98/tube.

Well, the low-cost dealers are back at it:

UPDATE 4/13/21 @ 9:45 AM EST: The physical silver premium has started to decline, yet again, because the two low cost dealers are not adjusting their prices for the increase in Spot: Inheritance Precious Metals & Hannigan Coin.

Here are the current dealer prices:

UPDATE 4/13/21 @ 9:45 AM EST: Because of the tight situation in the physical Silver Eagle market, I include a list of dealers offering coins for sale on Ebay. Here are the Ebay dealers offering 20 coin Silver Eagle tubes in quantities of more than 10:

– Inheritance Precious Metals (this is a new coin dealer on Ebay that I just noticed recently): $709.27 – $35.46/coin.

– Hannigan Coin: $733.98 – $36.69/coin (this company has other offers as well).

– APMEX: $756.49 – $37.82/coin.

– MCM: $790.20 – $39.51/coin (22 available).

– APMEX: $858.63 – $42.93/coin.

Physical Silver Eagle Premium Declines as Low-Cost Dealers Enter Market.

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: http://www.didthesystemcollapse.org.

UPDATE 4/8/21 @ 9:35 AM EST: The physical silver price has been declining over the past several days because there are two new low-cost dealers who do not adjust their offering prices based on the current spot price (like all other major dealers do). Instead, they are keeping their prices fixed. This would be Inheritance Precious Metals (this is a new coin dealer on Ebay that I just noticed recently: $712.27 – $35.61/coin) & Hannigan Coin ($728.98 – $36.44/coin). Both Inheritance and Hannigan also have other coin offers as well.

I will be watching this situation closely to see how long these dealers will be able to keep prices steady if/when the spot price keeps climbing.

Physical Silver Eagle Premium Update – 3/30/21

Updated 3/30/21 @ 1:40 PM EST

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: http://www.didthesystemcollapse.org.


UPDATE 3/30/21 @ 1:40 PM EST: While Aydin Coin came in with a low cost deal on 3/28/21, I noticed today that MCM increased its price from the low $700’s for a 20-coin tube of Silver Eagles (this morning) all of the way up to $764.40 by early afternoon. Not sure what that is all about except to say that physical inventory must be pretty tight.

Here are the Ebay dealers offering 20 coin Silver Eagle tubes in quantities of more than 10:

– Aydin Coin: $690.22 – $34.51/coin.

– Bullion Exchanges: $699.04 – $34.95/coin (Limited).

– Liberty Coin: (0 Available).

– DBS Coin: (0 Available).

– MCM: (0 Available).

– APMEX: $729.93 – $36.49/coin.

– MCM: $764.40 – $38.22/coin (50 available).

– APMEX: $835.14 – $41.75/coin.

UPDATE 3/30/21 @ 8:15 PM EST: The Spot silver price declines as the physical price increases. Very interesting. The physical premium percentage moved over 45% while the Spot price declined under $24.00. Yeah, that seems to make sense …