Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
You gotta tell us roughly where this was.Ok folks...you ain't gonna believe this s#!t. It is a total first for me. I go to my local coin show looking to find a little gold or silver and check out prices. I've been on a sovereign and 20 francs bender lately. Now granted, it was just a small 20-25 table show, but there was literally not ONE PIECE of gold to be found. Not even a 1/10 oz or some flower gold in a vial. Only 5 tables had ANY AG, and the best deal I could find on generics was $6.50 over spot (33% premium!). Eagles were $37 (87% premium!). I ended up buying five slabbed eagles from various years that were all MS69's for $40 each. Can you believe that?!?! I bought SLABBED stuff for just $3 more than a BU eagle...unfreakingreal. All the dealers said they couldn't get gold in any denomination without a ridiculous premium so they just gave up. They said even the foreign stuff is drying up. As for silver, they are telling me replacement costs are so high and availability of product is so low that they are giving up on silver too. They said the next show will probably be "numi only" at the rate it is going. My jaw f'ing hit the floor!!! Apparently it's not all a bunch of silver pumpers online after all. It's hitting the local show circuit hard. I figured maybe this show was a one-off, so I called a couple of my local dealers (heavy hitters with bullion at the bigger area shows over 50 tables), and all three of the ones I called echoed what I heard today. They are actually limiting their show appearances and only selling to their most loyal customers for ANY gold or silver bullion. 90% was going for 22xface. That's like 55% premium!!! I'm dumbfounded. All I can say is buckle up buttercups. This s#!t is fer real.
Southeast Michigan. High population areaYou gotta tell us roughly where this was.
If that's what they're BUYING at I don't even want to know what the premium(s) will be for resale.$12.00 over for SAE's. Posted in Rafi Farber thread. Moneymetals.
American Silver Eagle: Best place to buy, Coins for Sale, Online, Price - Money Metals
Money Metals offers a wide selection of American Silver Eagle coins for sale. Money Metals is the Best Place to Buy Silver Eagles Online. Discover the beauty and value of American Silver Eagles. Order Online or Call: (800) 800-1865 Today...www.moneymetals.com
Well, the selling price is right in the ad, $38.00.If that's what they're BUYING at I don't even want to know what the premium(s) will be for resale.
If that's what they're BUYING at I don't even want to know what the premium(s) will be for resale.
Ah, mystery no more. Reading is fundamental.Well, the selling price is right in the ad, $38.00.
*(When purchasing 100 or more)"(as low as $18.39 over spot)"
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?