But there is very little physical metal to be found for sale. And when found, the premium is huge. I've never seen quite such a steep premium over spot. In a few places where silver isn't sold out, a 100 oz. bar at spot it $1,400 something, but the sell price is $1,900 something, a premium of $500!! Some sold-out sites that still post prices show premiums of around $300+ for the same thing, still very high.
Platinum is a similar story. Price relative to recent history seems reasonable at $725 per oz., there is none to be had except at very high premiums online.
On gold, the premiums over spot aren't horrible but they are highish. But the high price per oz. is keeping gold semi-available.
I've seen all this noise before. Smart PM shoppers will wait this out a while. With productivity falling off a cliff and unemployment going up, there are indications that we are headed for a recession. When that hits, PM prices will likely decline at least temporarily and with this so might premiums. Or if we don't go into recession, spot prices will pick up, panic may subside and you will be paying about the same price for a while as when spot prices were lower but premiums were through the roof.
The virus panic and its effects on the financial picture have caused the usual knee-jerk reaction from the Federal Government to step in a create more money. This will inevitably have a negative effect on existing dollars, and the value of all will go down. There is no reason to believe the dollar will completely collapse overnight. It's end is coming but gradually. However, if the government keeps increasing the velocity of money creation, it might not be all that slow.
Platinum is a similar story. Price relative to recent history seems reasonable at $725 per oz., there is none to be had except at very high premiums online.
On gold, the premiums over spot aren't horrible but they are highish. But the high price per oz. is keeping gold semi-available.
I've seen all this noise before. Smart PM shoppers will wait this out a while. With productivity falling off a cliff and unemployment going up, there are indications that we are headed for a recession. When that hits, PM prices will likely decline at least temporarily and with this so might premiums. Or if we don't go into recession, spot prices will pick up, panic may subside and you will be paying about the same price for a while as when spot prices were lower but premiums were through the roof.
The virus panic and its effects on the financial picture have caused the usual knee-jerk reaction from the Federal Government to step in a create more money. This will inevitably have a negative effect on existing dollars, and the value of all will go down. There is no reason to believe the dollar will completely collapse overnight. It's end is coming but gradually. However, if the government keeps increasing the velocity of money creation, it might not be all that slow.