The current premium for silver eagles at ProvidentMetals is at... 11% over spot. (yes: "dang!") NO LESS than that.
( http://www.providentmetals.com/2013-1-oz-american-silver-eag... )
And that's the price for cash payment method, btw. It's even greater over spot if by credit card (almost 12%). I used to see some of their offers last year (from August to November, at least) at around 5 or 6%, maybe 7%, over spot only.
(That'd be like some Bitcoin stackers willing to pay $89 for a coin, instead of $80, as of today. We can't deny precious metals that specific peculiarity anyway, we like it or not.)
What does that tell us? Have their sales plunged and they fear bankruptcy or something, at Provident, APMEX, et al.?
I don't think so :
My name is pronounced like "see real". I code stuff for a living and for pleasure. I care quite a bit about language.
I think America should consider doing the same, and... ASAP!
The Daily Paul is a community website with