Gold Premiums

[harry12]

What the hell is happening to gold premiums? Why there is short of physical gold? Why prices are increasing in Australia? Is it the same in other countries as well?

[LawrenceChard]

1 hour ago, harry12 said:

Gold Premiums

What the hell is happening to gold premiums? Why there is short of physical gold? Why prices are increasing in Australia? Is it the same in other countries as well?

There was a new thread with the same title a few days ago:

😎

[harry12]

On 10/01/2023 at 16:36, LawrenceChard said:

There was a new thread with the same title a few days ago:

😎

I were not aware of this at all. What did you mean to say by sending screenshot over here?

[harry12]

On 10/01/2023 at 16:36, LawrenceChard said:

There was a new thread with the same title a few days ago:

😎

I were came across https://goldsecure.com.au/ , for live pricing of gold, thats why I make a thread here to get people responses about these pricing. 

[ShineyMagpie]

I think he was saying, there is already a thread discussing the gold premium currently. People speculation as to why etc, so you could go and look on that thread as people may not want to repeat on here.

[Happypanda88]

35 minutes ago, harry12 said:

I were came across https://goldsecure.com.au/ , for live pricing of gold, thats why I make a thread here to get people responses about these pricing. 

Gold is priced in US Dollars (USD).

The Australian Dollar (AUD) hasn't fair well against USD over the last 3-4 months.

Hence, in AUD terms gold is more expensive. This partly explains the rise in price.

It could also be high demand for gold in Australia against limited supply. So dealer can play the market by jacking up premiums.

[LawrenceChard]

3 hours ago, harry12 said:

I were not aware of this at all. What did you mean to say by sending screenshot over here?

I did not "send a screenshot", I inserted a link to the existing TSF topic.

TSF often shows a snippet of the link. If you click the link, you will see the existing topic / page.

See:

https://www.thesilverforum.com/guidelines/

6.2. Etiquette

6.2.1. Members should use the search feature before they commence a new thread post. This will ensure that discussion points continue in a single thread, rather than in multiple threads.

😎

[harry12]

On 12/01/2023 at 12:55, ShineyMagpie said:

I think he was saying, there is already a thread discussing the gold premium currently. People speculation as to why etc, so you could go and look on that thread as people may not want to repeat on here.

Okay thats fine. I now understand. 

[harry12]

On 12/01/2023 at 13:19, Happypanda88 said:

Gold is priced in US Dollars (USD).

The Australian Dollar (AUD) hasn't fair well against USD over the last 3-4 months.

Hence, in AUD terms gold is more expensive. This partly explains the rise in price.

It could also be high demand for gold in Australia against limited supply. So dealer can play the market by jacking up premiums.

Yes you are right. But there could be a reason for this difference of prices in AUD. 

[CANV]

the premiums on gold coins has gone up quite a lot in the UK as well   sovs are trading at 10 per cent over spot !   brits less so.   its a Sovereign nightmare!!!