/biz/ - Business & Finance

>>54590984
>THE SPOT PRICE
>LOOK AT THE HECKIN SPOT PRICE

>>54156355
>durrr le spot price go down
The bifurcation of the precious metals market is continuing every day. (It's an unprecedented kind of demand.) What are the premiums for silver eagles? What are the premiums for junk silver? Why are people still buying these products, as if in spite of the premiums? I don't need some court to fine JP Morgan for precious metals to take off. I don't need to see Jamie Dimon in handcuffs. All that needs to happen is for the fed to continuously make the absolute worst decision every chance they get, which is what they've always done and what they've promised to do. These bank bailouts are going to make inflation worse and worse, and demand for a store of value will continue to rise. Eventually, the bifurcation will get so bad, the manipulation game will cease all on its own.

>>52406521
Just like a dealer, a broker needs to keep the lights on, so they need to make some sort of profit on each trade. Even if they're not securing a curated supply and instead are just connecting buyers and sellers like ebay, it still costs money to run the service. Even if shipping were free and fat boomers were willing to sell gold at spot, you would never be able to buy at spot because running the brokerage service just costs money.
I personally don't mind the premiums. I don't ever look at the exchange set spot price anymore because I only ever buy physical, and any time the spot price dips, the premiums rise to compensate, so the cost of physical metal in your hand has stayed the same or risen slightly. The premium for "junk silver," aka pre-1964 90% silver coins, is currently at an all time high of over 50%, and American Silver Eagles are regularly selling for close to 100% premium. There just isn't enough metal out there to satisfy demand, so if people are willing to pay the higher prices, then dealers are willing to sell at those prices, so the spot price is meaningless. Just go buy some physical, you won't regret it.