are permiums finally going down?

[silvergeek88]

Hello everyone,

I am watching the prices of silver coins over last few week.

I have noticed that spot price for silver went slightly up £12.8/ oz. However the price of 1 oz Silver Kangaroo 2020 is lower than few weeks before and cost now £17. 44 ( https://goldsilver.be/en/146-coins)

Is it a sign of high demand storm passing over and premiums will go down?

[Wannapop]

I hope so! Being a complete newbie to stacking, it’s stopping me from starting my collection hearing about how much cheaper coins were before this crisis! So I don’t want to buy anything just yet in fear of over paying! 

[silvergeek88]

29 minutes ago, Wannapop said:

I hope so! Being a complete newbie to stacking, it’s stopping me from starting my collection hearing about how much cheaper coins were before this crisis! So I don’t want to buy anything just yet in fear of over paying! 

yes same in here, premiums are ridiculously high at the moment  

[Danny-boy]

34 minutes ago, Wannapop said:

I hope so! Being a complete newbie to stacking, it’s stopping me from starting my collection hearing about how much cheaper coins were before this crisis! So I don’t want to buy anything just yet in fear of over paying! 

I could take you even further back to when spot was approaching £30/oz, many thought it would fly past that.

Oh the good old days of paying £40+ for Britannias, just as I had started stacking seriously.

I also took great advantage of the sub-£10 spot price late 2015 early 2016, so it all evens itself out in the end.

[Ainsgb]

Well ..i havent been waiting. Ill be buying slow and steady over the years (almost) regardless of spot and premiums. My goal is long term 25+ years, so Itll all average out. If you stress about buying at the lowest of low prices you may be waiting very long periods without accumulating.

Like alot of people have said, whilst premiums are high on bullion, why not treat yourself to some high premium items that may retain their numistatic value. The difference isnt that huge at the moment.

Just my thoughts, not saying im right, but its my strategy. Enjoy the ride 

[Yetiwatch]

I have a bunch that i buy yearly i.e. Britannia's, maples, eagles etc, one of each, so i don't mind about price as long as i get one from each year.

Whereas if i am buying bulk either larger bars or tubes, that's when i worry about spot price etc.

[RACKTHESTACK]

I think eventually premiums will fall back down as the demand for silver slows and everyone stops panicking lol. But then again the monetary value might go up as the premiums drop down. Were gonna see i guess lol 😆 🎢 Rollercoaster