American Gold/Silver Eagle Physical Premium Over Spot
UPDATED 9/3/21 @ 11:20 AM EST: The Physical Gold Premium has remained in the mid to high 6% range since August 12, 2021. Further confirming the apparent reduced demand for Physical Gold is the very small differential between the first and second lowest cost dealers on Ebay.
I keep track of this dealer cost spread on a regular basis because it is a very good indicator of the supply/demand situation in the Physical Gold Market.
As of 9/3/21 @ 11:20 AM EST the percentage differential is: 0.03%.
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.
Both the physical gold & silver markets are at low points right now (relatively speaking, of course).
Is this a capitulation point where it is time to buy?
Too early to tell yet but I am keeping a close watch on both of these markets.
Stay tuned …
CURRENT UPDATE: 8/5/21 @ 9:30 PM EST
Spot Price (Goldprice.org): $1,801.21.
Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Bullion Exchanges: $1,925.56. NOTE: Pre-sales for future delivery are not counted .
Dollar Premium: $124.35
Percentage Premium (Physical/Spot): 6.90%
Premium for second lowest price dealer selling in quantities of more than 10 – Liberty Coin: $126.38/7.02%.
CURRENT UPDATE: 8/5/21 @ 9:30 PM EST
Spot Silver Price (ounce) – $25.12
Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $32.52. Pre-sales for future delivery are not counted.
Current Premium: $7.40/29.46%
Bullion Exchanges is the lowest price dealer selling in quantities of over 10, 20-coin tubes.
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 8/5/21 @ 3:30 PM EST: The Physical Gold Premium has now gone under 7.00% (6.89%). This hasn’t happened since July 23, 2020.
Spot Price (Goldprice.org): $1,805.03.
Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Bullion Exchanges: $1,929.32. NOTE: Pre-sales for future delivery are not counted .
Dollar Premium: $124.29
Percentage Premium (Physical/Spot): 6.89%
Premium for second lowest price dealer selling in quantities of more than 10 – Liberty Coin: $126.43/7.00%.
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.
The physical silver dollar premium is now as low as it was on 1/31/21 right before the big silver squeeze.
CURRENT UPDATE: 8/4/21 @ 12:50 PM EST
Spot Silver Price (ounce) – $25.44
Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $33.20. Pre-sales for future delivery are not counted.
Current Premium: $7.78/30.59%
Bullion Exchanges is the lowest price dealer selling in quantities of over 10, 20-coin tubes.
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.
The Shanghai Gold Fix Price is now at its lowest discount to physical gold since I started keeping track on April 1, 2020.
Shanghai Discount to Physical on 8/2/21 @ 10:45 AM EST: -6.12%
This is yet another sign that the physical gold price has weakened – a fact that jumps out at you when you look at the current Physical Gold Premium Over Spot.
Stating the obvious, either the supply is now more than adequate for what people want or the demand has let up.
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 7/29/21 @ 7:30 PM EST: The Physical Silver Dollar Price Premium is now under $9.00/coin. A newer dealer called Pacific Coin is offering mixed date Silver Eagles at $689.00/roll of 20 which is $8.90/coin. Ordinarily I don’t include mixed rolls in my calculations but this dealer has 100% positive feedback and over 11,000 ratings so appears to be legit.
CURRENT UPDATE: 7/29/21 @ 7:30 PM EST
Spot Silver Price (ounce) – $25.55
Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $34.45. Pre-sales for future delivery are not counted.
Current Premium: $8.90/34.83%
Pacific Coin is the lowest price dealer selling in quantities of over 10, 20-coin tubes.
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.
While the Shanghai premium/discount to the spot price has remained fairly steady since January of 2021 (hovering near the 0% line), the same cannot be said for the the Shanghai discount to the physical gold price. Since July 1, 2021 the discount has narrowed from 10.25% all the way down to 6.44%. The chart above shows this quite distinctly.
Something to keep a close eye on because this is not normal.
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 7/27/21 @ 1:10 PM EST: The Physical Silver Dollar Premium has slipped below $10.00 for the first time since 3/22/21. The Physical Silver Percentage Premium has also dipped below 40%.
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.
The physical gold premium continues to decline as it is now below 7.50%. This represents a dollar premium of only $134.47. You would have to go back to last summer on 7/23/21 to find a dollar premium this low.
Spot Price (Goldprice.org): $1,797.98.
Physical Price (Ebay Lowest Buy Now Price From Dealer Selling Multiple Coins in quantities of more than 10) Liberty Coin: $1,932.45. NOTE: Pre-sales for future delivery are not counted .
Dollar Premium: $134.47
Percentage Premium (Physical/Spot): 7.48%
Premium for second lowest price dealer selling in quantities of more than 10 – APMEX: $144.11/8.02%.
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.
UPDATED 7/21/21 @ 9:50 PM EST: The Physical Gold Premium has now dipped under 8.00% – it’s at 7.88%. But the Physical Silver Premium is still above 40% and has been so since the middle of June 2021. Before June the silver premium remained above 40% way back to March 2021.
Did The System Collapse?