Comment: Current premium for silver eagles at ProvidentMetals is at...11%

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Cyril's picture

Current premium for silver eagles at ProvidentMetals is at...11%

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 :

http://www.dailypaul.com/279013/what-does-the-start-of-a-mov...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius