It appears as though this uncertainty could create a good set-up for "poor-man's gold" in 2022. Refinery may be backed up. I believe gold kicks in the door, but silver moves faster and further. If you sell sausage, and theres a shortage of sausage from the suppliers, it doesnt matter if there are 23 billion pigs on the planet, its still a shortage. "Price gauging should not be allowed. The percentage premium has skyrocketed up to 25%. there's 82m oz sitting in the COMEX warehouses. UPDATE 10/27/20 @ 7:20 PM EST: Physical premium is back below 19%. UPDATE 2/25/21 @ 3:30 PM EST: An interesting situation has developed in the physical silver market. But suddenly, and all at once this morning, it jacked up its per coin price by $1.00/coin. Anyone with a brain realizing that FINISHED PRODUCTS for sale are not the same as RAW MATERIALS. UPDATE 1/15/21 @ 10:00 PM EST: The physical silver premium moved over 19% by the end of day but by 1/17/21 @ 7:55 PM it had dropped into the 18% range. But now, we can filter a lot of those people towards other instruments, bypassing the air brakes of the trickle of the retail front end supply. Latest Offers, Straight To Your Inbox. I also didnt mention how this supply could be going to making industrial finished silver supplies like shot, coils, or specialized parts that have nothing to do with coins. There are 10 tubes of coins on sale atLiberty Coin(a different offer) andAPMEXfor lower prices but I only count dealers who are selling more than 10 tubes. This is exactly what happened today. Available supply is not the same as supply. Current premium stands at $17.93/82.54%. Unless one is trading huge amounts of bullion at a single time, they can generally buy and sell silver and other forms of bullion without an identifiable paper trail. On 7/22/20 the physical silver premium jumped back into the low 30% range. Why are Silver Premiums so High? Edit: Im aware 1,000 oz bars are not going through your local coin shops I just wanted to show a point of sale before things go to the refineries to then be turned into finished products. Los Angeles Times, June 12, 2013. And, it is NOT their duty to give you a price that makes YOU happy, but one that sustains their continued operations. If the demand for silver is so high, why hasnt the spot price reflected us? We will see how long it lasts. Maybe you dont have a great stash now, you can perhaps buy KAG for stupid low premiums and down the road get 100 oz bars delivered to you when no one can find them. After that there are plenty of other dealers offering 20-coin lots for under $800.00. Enroll in economics 101. Then come back and talk to me here. Silver and gold in particular saw monumental performance in the months that followed COVID reaching the dreaded pandemic status. Peter Krauth: The Great Silver Bull.triple digit silver is coming 174K views 754K views 2 years ago Mix -. Kinesis I have several articles about them, but you can buy KAG and mint silver there which has them going out and draining silver from the market and putting into their vaults. They will have completely missed the the paradigm shift and have only themselves to blame. 2) Average annual demand for physical silver is about $1,000,000,000 USD (aka one billion . The same cant be said for those who invest in stocks (remember Enron? Scroll. As of 5/29 in the afternoon DBS was no longer selling in quantity now Bullion Exchanges is. The availability of zero-premium plans stems from several factors: For 2021 and 2022, due to the ARP, Americans who are eligible for premium subsidies and who earn up to 150% of the federal poverty level can select from among two premium-free Silver plans. Now, conditions in the current marketplace are driving premiums to new highs. Buy some. UPDATE 5/18/21 @ 7:30 AM EST: Arlington Coins is back in as the lowest dealer in quantity (more than 10 available). The physical premium percentage moved over 45% while the Spot price declined under $24.00. It appears, once again, that physical silver has gone no offer. I was using the APMEX physical price this morning (even though it had limited quantities) but now DBS has some 20-coin tubes. At times hes been even more bold, suggesting the white metal could reach US$1,000. In this article, we explain a few reasons as to why . The increase of their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% - $40,000 * 3.18% = $1,468. UPDATE 10/27/20 @ 7:40 AM EST: Physical premium increased to over 20% from 10/26 (evening) to 10/27 (morning). Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially given the current macroeconomic conditions. But anyone, really, can go to the COMEX today and take off millions of ounces. High premiums are proof that stackers were wise to stack all these years. Whats going on? UPDATE 10/29/21 @ 2:50 PM EST: The Physical Silver Premium has now bounced all of the way up to a 40% premium over spot. UPDATE 10/5/20 @ 7:30 PM: Physical premium has remained under 20% since 9/24/20. Below, you will see your blueprint to get to $50 silver, and soon. Bullion dealers not charging 50% premium. However, rising inflation has led the Fed and other central banks to hike rates, which has negatively impacted gold and silver. Ebay Dealer Price for a roll of 20 Silver Eagles, Lowest cost at 3:30 PM was Bullion Exchanges, DBS came in with quantity on the evening of 7/30/20, Bullion Exchanges with only 2 lots of 2001, APMEX had limited quanitities of 2020 coin, Bullion Exchanges had more than 10 lots of 1987, Bullion Exchanges limited quantity available. The BIG problem which you are not grasping is that the underlying silver market is NOT going to move price points by you clearing out retail. In general, however, it is high because there is more demand for silver in the world than there is for gold. I just bought 25lbs of 90%. In fact, this is generally the main reason why any gold, silver or platinum product would come with high premiums. In a May 2022 interview with INN, he explained that there are multiple paths silver could take to get to the triple digits. Some premiums have been much higher than this example lately. This is why the premium on physical silver declined from its 66.22% high earlier in the day. If you want $100 and $200 silver, look at the chart above. UPDATE 2/1/21 @ 8:55 AM EST: APMEX is still offering 20-coin silver eagle tubes in quantity. The next best deal is a 40-coin lot from Bullion Exchanges. However as often happens, Bullion Exchanges comes in with large coin quantities to lower the premium. Then there were the millions who turned to the traditional safe haven investment of bullion. The increased demand has thus pushed silver premiums to higher levels. When Palladium broke the tampy tamp, then it went nuts. In periods of high demand, premiums for a given silver product are likely to increase. Thats a 50% premium. I think it is asinine to call out bullion dealers as bad people or crooks because YOU are about to wipe them out of inventory and THEY need to protect their business. Your email address will not be published. Im writing about this as a rabid silver enthusiast who has purchased silver now in probably 5 different forms from bars/coins to PSLV to Kinesis to mining stocks to OneGold. I see that ASE are about $32 wholesale and around $38-40 ask. Here is the breakdown of availability for 20-coin silver lots from Ebay at 7:55 PM on 8/3/20: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of. If they sell to you at their exact same premium when times are normal, you and I would literally clean them out in a day. Required fields are marked *. On a separate note, silvers close ties to golds safe-haven status should be beneficial in the long term, and there is also a strong case to made for the metal's industrial potential. But when silver spiked above $27.00 this morning, Arlington became the low cost dealer again (because it does not automatically adjust its physical price when spot changes). Because the idea is that they only provide so much to retail from the mints so they cannot move the markets enough to affect underlying price. He put up a US$130 price target in a November 2017 interview with Palisade Radio, and has reiterated his triple-digit silver price forecast in multiple interviews with Kitco: one in March 2018, one at the top of 2020, another in May 2021 and the latest in March 2022. Then there is a second price for physical silver, which is much higher and better reflects the actual supply and demand of physical bullion. UPDATE 6/23/21 @ 12:30 PM EST: The physical silver premium has been above 50% since 6/20/21 because Arlington Coin was the lowest cost dealer (this individual/company does not modify its prices to reflect the spot market on a regular basis like all other dealers do). The popularity of the coin derives from its high purity rating, instant liquidity, and inflation-hedge properties. Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. DBS came back in as lowest price dealer on the morning of 7/30/20 so the premium declined back to the low 40% range. Get your shiny. In my opinion, the demand for physical investment has by far been the biggest disruptor . Junk silver refers to United States minted dimes, quarters and half dollars with dates before 1965 consisting of 90% silver and 10% copper. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion. The Tesla and SpaceX founder told investors, in his experience, it's "better to own physical things than dollars when inflation is high." In order to lower premiums, you have to spend elsewhere to allow them to reduce buying pressures and normalize inventory and operations. UPDATE 8/5/20 @ 8:50 AM: The large drop in premium from 8/4/20 to the morning of 8/5/20 is the result of Liberty Coin coming in with rolls of silver eagles in large quantities (more than 10). Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. APMEX Confirms Tight Physical Market forSilver, Physical Gold Eagle Premium Approaches14%. Real estate is rapidly cooling off and cryptocurrency is proving its not the failsafe juggernaut many thought it was. Stay tuned. If we continue to pound PSLV and those types of instruments, we blow through $50 silver like a hot knife through butter and continued pressure may make Palladium jealous of the results that come from this. This represents about 15% of the $10,000 increase in their income. They are really smart people who are saying really dumb things to talk down to the uneducated and drive a dishonest media narrative. You would do the exact same thing if you had 240 1,000 oz bars and 30,000 people instantly trying to buy them. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The percentage premium based on this dealer is now 29.57%. The result is that the premium now stands at 44.00%. Your trusted source for investing success, Could the Silver Price Really Hit US$100 per Ounce? UPDATE 3/18/21 @ 7:20 PM EST: DBS Coin is no longer selling in quantities of more than 10 20 tube lots. I think these numbers are made up, he said. What is normal? I had to go the second page of Ebay results to find the lowest cost. There was a very large surge in premium on the afternoon of 7/29/20 (to 47.20%) because the low cost dealers only had 10 or fewer 20-coin lots for sale. Not sure if this will last throughout the day because, quite often, DBS Coin comes in with very low prices later in the day. Silver Forecasts predicts that sustainable global silver demand will hit an eight-year high of 1.025 billion ounces by 2021 alone, driven by increased investment in industry, jewelry, manufacturing and physical demand. And perhaps go Palladium and hit $100-$200 silver beyond that. So I read the whole article and what I made of it is that it was written by someone that deals in silver explaining why they are ripping the public off since as said there is no shortage of silver. In the past this would have been unheard of. 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. This increasing demand for the white metal is happening in concert with decreasing mine supply, which has the potential to push the silver price to US$50 just not in the short term. Silver coinage, or monetized silver, provides further benefits, including its backing by governments and its numismatic collectability. One of the reasons the premium on silver is so high compared to gold is the mining and refining costs. You are sort of seeing narratives out there by the evil dark lord sith Jeffrey Christian and the like talking about there is no shortage. Rates for 2022 will be finalized later this month, Baillio said. 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. Venue: Eastpoint Mall. And of course, for those who prefer a more tangible investment, purchasing physical silver bullion in bar and coin form is also an option. Investing News Network websites or approved third-party tools use cookies. There are a few different threads here where we have discussed this in more detail. When the COVID-19 pandemic hit, the Fed cut rates down to zero from 1 to 1.25 percent. While this is the case throughout the silver industry, it seems to be especially pronounced on monetized silver coins more so than with silver rounds or silver bars. Additionally, the monetized value of these coins means that even if, in a worst-case scenario, silver prices were to plummet to near zero (who says that cant happen? UPDATE 1/24/21 @ 7:05 PM EST: The physical silver premium has moved above 20% for the first time since 11/11/20. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. Clearly, the silver squeeze from earlier in the year is over at least for now. That's because when rates are higher interest shifts to products that can accrue interest. UPDATE 1/31/21 @ 5:00 PM EST: There are no dealers selling in quantity on Ebay the physical silver market has gone, essentially, no offer. I picked an individual selling 10, 20-coin lots in order to get my updated percentage premium of 66.48%. And they know it. Liberty Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. Is something up, yet again, in the physical silver market? See above. Physical Silver Eagle Price (based on a 20-coin tube on Ebay): $31.78. This low was set on 9/14/21 at 26.06%. Meanwhile, theres a line a block long in line to buy. I think not lets take a look at what it actually DOES store! They LOVE their product. Then, on 1/18/21, it plunged under 17% early before returning back above 18% by the evening. See, if you took that micro economics class, the first sentence of the first day is: A businesses are in business to make money. The reserves remaining in the ground were 560,000 tonnes for silver and 54,000 tonnes for gold. UPDATE 7/1/21 @ 11:50 AM EST: Once again, Arlington Coin is the lowest price dealer selling in quantity so the percentage premium has shot back above 50%. UPDATE 8/10/20 @ 10:05 AM: The decline in premium has continued since 8/5/20. For newly minted coins, rounds, and bars, the cost of manufacturing is a major factor. Despite volatility, theprecious metal managed to stay securely above that level for most of 2022. The massive amount of available silver has not been met with heightened demand, which has kept prices low. Support them. If we take the statistics of the BIS published on 11/17/2021, the ratio of gold / silver derivatives is 1/8.4. But if you go into these markets and listen to the people who are telling you bullion dealers are gouging you due to fake shortage are selling you a product they perhaps marked up 5-16x on premiums. A generic 1 oz silver round is now selling for $5 over the spot price. DBS had lowest cost in quantity until the afternoon of 6/3/20. If you look at the spot price of silver at this moment, its somewhere around $28. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage. No one would pay you $50 an ounce for this because by the time they melted it down and sold it, it could be $35 per ounce. The spot price of coffee at the moment is 1.90 per lb (500g ish). The current gold to silver price ratio of 1/76 is an historic outlier. The next standard dealer with offers in quantity is Liberty Coin but you have to pay over a 60% premium for those coins. Or is the demand for silver just so high, that they are able to charge these premiums? Anyone buying silver for 5 minutes knows that the larger the quantity, the lower the premium per ounce. These retail companies have a business to run. YOU love their product. Liberty Coin is still the lowest cost dealer offering 20 coin Silver Eagles in quantity $714.84. While these products have also seen some increases in premiums in recent months, they pale in comparison to the price increases seen with monetized silver coins. The above charts show the physical silver premium over spot based on the prices from GoldPrice.Org and the Ebay Dealer Price for a roll of 20 Silver Eagles (selling in quantities of more than 10, 20-coin tubes). lowest cost dealer selling in quantities of over 10, 20-coin tubes. But lets get back to premiums. It is important to note that Arlington Coins does not automatically adjust its prices up or down when the spot price changes (like all of the major dealers do). The current premium has declined to 44.02%. Consider whats happening over the last several months, though. There are only two dealers selling in quantities of more than 10, 20-coin Silver Eagle tubes: Hannigan Coin & APMEX. UPDATE 3/5/21 @ 7:40 AM EST: The scarcity in the physical silver market is back. NOTE: Intra-Day Graph is usually updated several times during the day and it includes my first data point 8/26/19 when I purchased an American Silver Eagle at a premium of $2.38/13.47%. The coins are then struck multiple times. Sure, it has pretty much always cost more than spot price to buy silver in the retail market. Here is the availability on Ebay: DBS Coin: $687.84 $34.39/coin, Liberty Coin: None available, MCM: $739.40 None available, MCM: $792.80 $39.64/coin (119 available), APMEX: $794.64 $39.73/coin & APMEX: $877.11 $43.85/coin. Premiums represent a combination of factors. If we see $50 silver, refineries are about to be crushed with grandmas tea sets. What you and others can do if you are doxxed your rights online and with the law, Kinesis metals holdings as part of a LAYERED approach a USE CASE for Kinesis Monetary System, Follow Renaissancemen.org on WordPress.com, That the price point will then unlock supply, bringing this supply to market, That the refining capability exists to then process raw materials into finished products. The above is showing you what the deal is and why your favorite dealer may be gouging you. If you are new, buy a little on the left side when premiums drop. UPDATE 8/19/20 @ 9:10 AM: Liberty Coin came in with very low prices on a lot of 20 coins so the premium plunged this morning down to near 26.00% before rebounding above 27% later in the day. DBS Coin is the lowest cost dealer selling in quantities of over 10, 20-coin tubes. More recently, the huge economic impact of the COVID-19 pandemic and Russia's war with Ukraine have been major sources of concern for precious metals investors. Currently, they are able to increase their spread by five to ten times, Hug said. The price was WAY higher than I had bought at previously. Your email address will not be published. Show an investor the value they are getting by buying your product at a lower premium and how buying these bars takes them out of big banks. We are also discovering just how fragile the cryptocurrency world really is. On 7/23/20 the physical silver premium went back into the 40% range. These privately-minted silver rounds and bars are seeing increasing interest from silver investors who dont want to pay rising silver premiums. Thank You! If youre a bullion investor who is dejected by the climbing price of silver premiums right now, there are solutions that will make it more affordable to invest in silver. Create a free website or blog at WordPress.com. I finally found Bullion Exchanges selling 40 coins. By continuing to browse the site, you agree to our use of cookies. The premium on a silver product is the amount of money above the spot price of silver that the product costs. Each . If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, the metal is actually a rare commodity. That is to say, a ratio of 1/10.3. In the fall of 2008, for instance, silver premiums exploded in percentage terms on popular silver bullion products. One of the most popular options for buying silver at a cheaper price is to purchase silver bars and rounds. This represents a $11.75/45.12% premium. Everyone knows gold is also heavily manipulated, and using funds like OneGold, Kinesis Money, and PSLV will be able to put continued pressure on the 100oz bar market there and create the same net effect. But why would THEY have such high premiums? This is for a few reasons. Back in February 2022, David Morgan of the Morgan Report told INN he thought there was potential for silver to hit US$50 in the short term, as high levels of stock market volatility could make the white metal more attractive to investors and might drive it up over the US$30 mark. Ultimately, investors enjoy the built-in protections that mint-coined bullion offers. But by 9:40 PM EST the premium had jumped back above 60%. Theres a significant distance for silver to go before it reaches the success Neumeyer has boldly predicted. Under normal market conditions, coin wholesalers may make 10 cents an ounce on silver Eagles to their dealers and $2 or $3 on their gold coins. Looks like the craziness has passed sort of for now. that's a 255% premium. What 1980 and 2011 did NOT have was PSLV, Kinesis Money, and OneGold. "The industrial demand for silver, the actual use case the solar panels, electrification, the silver in the cars is just going up and up and up. Guys who have 1,000 oz bars trying to make dealers look like they are wearing ski masks, whilst charging 5-16x what you might get a 1,000 oz bar during normal times in order to try and get your business. After that you will find APMEX with a price of $847.42. and new product arrivals. So what is given to the dealers from the distributor is very little supply, and a RAGING demand. To some experts, it explains why the U.S. is experiencing its highest inflation rate since 1982. On the morning of 7/31/20 DBS was back below 9 lots so the premium, once again, jumped above 60% that is until Bullion Exchanges started selling in quantity later in the day. I am using this price rather than a 20-coin price because there are, literally, no dealers selling 20-coin lots in quantities of more than 10. by. "Consumption numbers look like they're somewhere between 1.2 and 1.4 billion ounces. UPDATE 4/15/21 @ 7:40 PM EST: The physical silver market is getting very tight. This realization by many that silver is truly a safe-haven assetone that is easily traded and performs well during rapid inflation and other economic hardshipshas led many to redirect their investment funds to silver. UPDATE 5/7/21 @ 7:20 AM EST: Arlington Coins is no longer selling in quantity (only 9 tubes left). The high point of that squeeze was 66.48% on 1/31/21. and Jeffrey Christian is a smart guy and he knows this, and his smug and condescending tones to you is to convince you that this supply is available at any price point. The talking heads of the world stop talking like 25B oz is available. I purchased a roll of Silver Eagles back in August of 2019 at a 13.47% premium. Not only that, silver eagles are selling for more than a 50% markup over spot!So what's causing this situation? Then they just give you spot. Usually DBS Coin comes in with a lower price (in quantity) in the morning, so I will be watching to see if this is the case tomorrow. 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