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.
I personally don't have many local coin shops around (and the weekend markets charge INSANE premiums). So I like to buy from Apmex.com ... not the most exciting selection out there, but, I have my "fun" pieces (including 100+ oz of each Q variant coin and a WallStreetSilver sculpture).
I by in increments of about 100 oz IF the deal is really good (look to buy as close to spot price as possible). OP is right, Premiums are skyrocketing. Even a "good deal" these days will hit you with a $5 - $6 premium PER OZ.
To fight this rise in premiums I applied for the Bullion Card from Apmex. I watch for the best deals possible and buy as much of it as I can. Using the Bullion Card gets me 4% back on the total purchase price (including Premium). This basically shaves $1 per oz off the price and that 4% builds up. My goal is to build up enough smaller purchases incrementally, using the bullion card, to cash in the points for a "free" 100 oz bar when it's on a nice discount.
Other places I've purchased from = ProvidentMetals, GoldenStateMint, an JM Bullion. Other than that it's been smaller/collector type stuff.
And if you think 1 oz :: 250 paper oz is a bad ratio? Try a 1 to 1,000,000+ ratio when it comes to GME shares!
But having physical silver is entirely different. If shit goes sideways, having a billion dollars in GME value will be meaningless - this will buy you a loaf of bread. Where a safe-full of silver will buy you an island.
That is correct.
Ironically my last shipment was exactly 3 kilo bars.
As for the Q coins - I buy them the instant they go on sale. They sell out in minutes.
I save up and buy 10 at a time of 100 oz when I can. They set it inside the door and I have to get one of my kids to come over and move it.