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Silver to go price looking good


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It's not only the bullion dealers that are asking for stupitly high premiums for silver, private sellers are doing it too, and the premiums private sellers are wanting make the bullion dealers premiums look resonable, cheap even, especially considering you're getiing brand new coins/bars from them and not secondhand coins/bars.

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4 hours ago, Seth said:

It's not only the bullion dealers that are asking for stupitly high premiums for silver, private sellers are doing it too, and the premiums private sellers are wanting make the bullion dealers premiums look resonable, cheap even, especially considering you're getiing brand new coins/bars from them and not secondhand coins/bars.

Well they aren't stupidly high premiums really, if you consider the spot price is reflective of mass dumping of paper silver despite the obvious increase in demand for physical silver. Would you be selling silver off near today's spot price? Nobody would! 

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32 minutes ago, Melon said:

Well they aren't stupidly high premiums really, if you consider the spot price is reflective of mass dumping of paper silver despite the obvious increase in demand for physical silver. Would you be selling silver off near today's spot price? Nobody would! 

Yes private sellers are advertising  single one ounce coin without delivery for more than it costs to buy the same single one ounce silcer coin from any U.K. bullion dealer, who's prices include shipping.  And yes they are supiditly high, over 100% over spot price and more.

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2 minutes ago, Seth said:

Ye private sellers are advertising  single one ounce coin without delivery for more than it costs to buy the same single one ounce silcer coin from any U.K. bullion dealer, who's prices include shipping.  And yes they are supiditly high, over 100% over spot price and more.

I agree anyone privately selling asking for double spot is being a bit silly. My comment was more directed towards where you mentioned dealers are looking for stupidly high premiums. I don't think it's unreasonable that they would seek to maintain prices for the time being given excess demand and an unrepresentative spot price. But that's just my 2 cents. 

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