We have known for DECADES that the precious metals price has been suppressed. We long for the day that the words from Q come to pass….Gold Shall Destroy Fed. Q. But the price is being pushed down again and again and again and while they are using petrodollars, it will never happen. Many have given up. But hang in there!!! It won’t be the SPOT price that will soar….it will be the PREMIUMS and that is happening NOW!
The BRICS NATIONS are buying up huge amounts of Gold and Silver and have been for years. It is these nations that are in the beginnings of putting their countries BACK ON THE GOLD STANDARD. The days of printing money are screeching to an end and there are many triggers like, when the US $ loses its position as the worlds reserve status . When there is a financial crash. When Moscow Exchange gains credibility. Crashing markets. For EVERY 1 oz of PHYSICAL SILVER there is 250 PAPER ounces. So if you try to cash in your paper silver and you want to trade that 1 oz of paper silver and exchange it for 1 oz of PHYSICAL SILVER, you have 250 people vying for that ONE OUNCE OF PHYSICAL SILVER. Watch this - very good explanation.
1 oz of silver buffalo, a set of 20, how much should I be paying for that?
Thanks for your time.
I'd say between $500 - $520 prior to tax/shipping. This is based on the premiums floating out there. Take the premiums out of the equation and you're looking at about $390 - $400 worth of silver.
Lowest premium I could find per oz online right now was +$4.40 > bringing that to around $480 - $485 ($20 less than the "going rate" originally stated)
Higher volumes tend to drop premiums too, but, I've seen some weird shit in the current market... when you barely save any money on premiums when buying 100oz bars. Just 1 year ago you could get the premium down to about $2/$2.50 if you bought at the right time.
That is very helpful, thank you!