my online dealer jacked up prices.

[Auracle]

i use silvergoldbull.com here in canada for my pm purchases. this weekend they just jacked up the price of gold by almost cdn $100 an ounce to 1806 an oz for a gold maple, citing "market volatility"

http://silvergoldbull.com/s/

[Tinbox]

time to find a new online dealer perhaps, many options out there

[HistoryStudent]

http://www.libertycoinservice.com/images/stories/lcsnewsletter/current/currentnews.pdf

He mentioned in a past newsletter silver and gold would go crazy in PREMIUMS.

[Tinbox]

http://www.libertycoinservice.com/images/stories/lcsnewsletter/current/currentnews.pdf

He mentioned in a past newsletter silver and gold would go crazy in PREMIUMS.

how does that work though? if gold and silver are in such demand the price should just go up rather than a premium increase i would think, just my thoughts...

[curmudgeonista]

how does that work though? if gold and silver are in such demand the price should just go up rather than a premium increase i would think, just my thoughts...
From a practical standpoint it seems that demand drives spot prices, but supply (or lack thereof) determines premiums for physical. Premiums were through the roof when spots were down and there just wasn't enough coming on the market because of it. Now we may get to see spot prices going ever higher and still nothing hitting the market. I mean, jeez, who wants to sell right now? Anyone here want to?

[Auracle]

From a practical standpoint it seems that demand drives spot prices, but supply (or lack thereof) determines premiums for physical. Premiums were through the roof when spots were down and there just wasn't enough coming on the market because of it. Now we may get to see spot prices going ever higher and still nothing hitting the market. I mean, jeez, who wants to sell right now? Anyone here want to?.

exactly.
i like the dealer. its different in canada. we dont have the options you do in the us, from what i know.
importing bullion from the U.S. is subject to duty/tax that varies by province. so in effect there is a premium on that. every other online dealer in canada requires a bank wire transfer of funds, which carries a fee which is a premium. i can add this dealer as a biller on my online banking site and transfer funds to them directly like i was paying my phone bill. they also have great customer service.

i just posted this because i think we will see a lot more of this as things get more and more uncertain.

[phideaux]

SprottMoney is fairly new, but they've done very well and I've heard nothing but good feedback about them. They handle both Canadian and US customers equally.

https://www.sprottmoney.com/ (https://www.sprottmoney.com/)

[Auracle]

SprottMoney is fairly new, but they've done very well and I've heard nothing but good feedback about them. They handle both Canadian and US customers equally.

https://www.sprottmoney.com/ (https://www.sprottmoney.com/)

you read my mind, phideaux. i just put an order through them.

[phideaux]

you read my mind, phideaux. i just put an order through them.

Well, with Jill Masterson reading my cards for you, you should have no trouble reading my mind. http://goldismoney2.com/images/smilies/standard/36_11_6.gif

[bemac]

Looks like there may be some supply problems. Apmex premiums are high on a lot of gold products.

[Fiat Metaler]

no supply problems, just an opportunity to take advantage of people who are panicking. the other coin dealer trick will be to take orders for more product than they have in stock, and ship you your metal only after the price falls.

[~BS]

I dumped in a sale order for $1800 on BD for 2 gold maples and figured no one would bite. The thing sold, meaning the buyer paid $1,818 for each maple, which is a premium of $108.

[curmudgeonista]

no supply problems, just an opportunity to take advantage of people who are panicking. the other coin dealer trick will be to take orders for more product than they have in stock, and ship you your metal only after the price falls.
I'm not so sure I agree with that assessment. When there is this much interest in gold as to drive the price up so quickly I have to assume that dealers in physical are taking orders at a faster rate than anticipated.

The $50 intra-day pullback I'm looking at this moment does indicate a pretty fair amount of selling, but there's typically a lag time in masses of physical hitting the market even in a sell-off. Maybe next week there will be plenty to be had... and maybe we'll see premiums drop accordingly. Then again, maybe not.