Price reflection per current spot

[SilverStacker]

Ive noticed with gold dipping below $3,000 and heading lower that the prices at bullion houses really aren't reflecting the dip. I realize they have to sell vis a vis the prices they bought at to make a profit but how long does it take for the retail prices to reflect the current low spot prices and am I missing something obvious here ? Gold just dipped to $3,299 for the first time in forever and I'd like to buy some but not at last weeks prices. Thank you for any replys.

 

[pmbug]

Dealers adjust premiums as needed. Spot doesn't affect the physical market that closely. Kind of like gas at the pump vs. commodity exchange prices for oil. They move up quickly, but not so much when price goes down.

 

[Voodoo]

Ehh, spot price is $3,300. Don't think its dipped below $3,000 since 2 days on April 7th and 8th. Good deals lately have seemed to be about $60 over spot most of the year. SD has Maple Leafs at that right now. US Coins are not included because our Mint is part of the rigging process and just aren't supplying the coins.

 

[SilverStacker]

Yeah I bought a Krugie for $3,3 K. Pretty sad when $3,300 is considered a "deal" but it is what it is. I dont expect it to stay this low for long so I'll be watching trends and keep powder in the horn to jump if it dives for real. I really wanted to spend the rest of the summer building my silver stack while concentrating on numismatics. But deals on gold are to good to pass up.