Silver coin premiums are still (too) high

Dear Stackers,

The silver and gold prices are up, we all know that. Silver coins that could be purchased in March 2020 for 14 EUR are now sold for 28 EUR. But did you know the premium went up a lot as well!

In March 2020 I bought 20 Athena Owls for 15,75 EUR each while spot price was 13 EUR so a premium of 2,75 EUR including 20% sales tax (VAT).

Now spot price is 22,74 EUR and let's see what an owl costs now ...

You can see it is 28,90 EUR minus 22,74 so the premium is 6,16 EUR !!

For the normally cheaper kilo coins - for those with deep pockets - I would expect 32 times (5 + 22,74) = 887 EUR max.

Let's see once more for the kilo

So an amazing 1002 EUR for a kilo bullion coin. That is another 4 EUR per unce more premium on top of the 5 EUR makes 9 EUR per ounce.

All this is related to the shortage of physical silver. It is not a good time to buy although prices can increase further. SO for a quick win it coudl still be a good time but not for colelctors or small starting investors.

In september more swaps from paper contracts to physical are expected making the silver even more expensive. As said I keep my bullion silver ready for a sale when the price spikes above 30 EUR .

(all prices here are of "the silvermountain " netherlands website)

Have a great weekend

Goldrooster

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