IMPORTANT TOM CLOUD PRECIOUS METALS UPDATE: Including Gold & Silver Eagle Best Buy Prices

As the global contagion continues to cause a great deal of uncertainty in the markets, I thought it was a good idea for precious metals dealer Tom Cloud to provide a new update.  Tom starts off the video saying that in his 44 years in the industry, he has never seen anything like the current situation in the precious metals markets.

Tom stated that one of his wealthier clients last week took money out of the banking system and purchased a large sum ($millions) of physical precious metals.  Unfortunately, there still are only a fraction of financial planners that advise their clients to own a percentage of physical gold and silver in their portfolio.  I believe investors should be increasing the typical 5-10% of precious metals in one’s portfolio to at least 20-25%.

Tom also went on to say that some leading financial analysts are calling for a 30% drop in U.S. GDP by Q2 2020.  This is no longer a recessionary event.  Rather, we are heading into a Depression, the likes we haven’t seen for nearly eight decades.  Very few Americans are prepared for what’s coming.

With investment demand for physical precious metals at near-record levels, Gold and Silver Eagle premiums are some of the highest ever.  It is quite amazing to see Silver Eagles buy prices more than $10 over the spot price.  One large online dealer is selling its Silver Eagles for nearly $12 over spot.  Thus, Silver Eagle premiums are ranging between 50-80% over spot.

I also wanted to provide an update on the Gold & Silver Eagle BEST BUY prices.  I spoke to Tom yesterday for about a half-hour.  He told me that Silver Eagle premiums increased again, but CLOUD HARD ASSETS still has the lowest prices versus the top leading online dealers:

While one of the leading online precious metals dealers is charging nearly $12 OVER SPOT for Silver Eagles, CLOUD HARD ASSETS is only charging $7.50 over the silver spot price, or at $22.69 each based on $15.19 spot price.  Furthermore, Tom emailed me this morning with an update on 1 oz Gold Eagles which they are selling at 8.75% over spot.  So, if the gold spot price is trading at $1,720, CLOUD HARD ASSETS is selling Gold Eagles for $1,870, much lower than the larger online dealers:

So, it’s essential that you find the best possible prices when buying physical precious metals investment products.

Here are some other prices for bullion products also offered by CLOUD HARD ASSETS:

  1. Silver Eagles ($7.50 over spot) – 2 week delivery time
  2. Silver Misc Private 1 oz Rounds ($3.60 over spot)
  3. Silver Misc Private 5 & 10 oz Bars ($3.60 over spot)
  4. Silver Kilo Bars ($3.60 over spot)
  5. Silver Misc. Kangaroos ($4.50 over spot)
  6. Silver 1,000 oz Bars ($1.20 over spot)
  7. Gold Eagles (8.75% over spot) – 2 week delivery time
  8. Gold Buffalo (10.5% over spot)
  9. Gold Philharmonic (8% over spot)
  10. Gold Kangaroos (6.5% over spot)
  11. Gold Kilo Bars (4.8% over spot)


IMPORTANT NOTE:  There is a reason I sponsor Tom Cloud on my site because I believe he is one of the most honest and upfront precious metals dealers in the industry.  Not only does Tom offer some of the best rates to purchase gold and silver, but also whenever someone sells metals back to him, HE DOES NOT CHARGE A COMMISSION.  The overwhelming majority of precious metals dealers charge a commission to buy back gold and silver.

I challenge you to check for yourself.

Also, if you need to store metal at a secure facility, Tom offers some of the lowest storage rates in the industry.  TOM DOES NOT MAKE MONEY OFF HIS CLIENTS PRECIOUS METALS STORAGE.  The overwhelming majority of precious metals dealers add an additional percentage to store their clients gold and silver.

I challenge you to check for yourself.

Tom Cloud has been in the precious metals business for 46 years, since 1973.  He has a lot of experience in the precious metals industry and understands the gold and silver market better than most dealers in the industry.

If you are new to the precious metals market and had questions, Tom Cloud would be happy to answer any questions.

DISCLAIMER:  While Tom offers information about precious metals, you should not take this as investment advice.  You should contact a professional advisor and or do your due diligence before making investment decisions.  

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17 Comments on "IMPORTANT TOM CLOUD PRECIOUS METALS UPDATE: Including Gold & Silver Eagle Best Buy Prices"

  1. I plan to give Tom a call regarding purchasing PMs (Silver in particular). Thanks Steve!

  2. I get the guy, but is is hard to listen him.

  3. Disappearingculture | April 23, 2020 at 5:50 am |

    I’ll look at Ebay again, but in the past (I’ve been checking since 2011) prices were always higher than online dealers, I’ve gotten fake silver, and since the USPS is their preferred carrier, having product left in my mailbox where it could be stolen doesn’t meet my criteria.

  4. I agree D Culture – If you use ebay to buy metals you might as well store your
    oil with them too.

  5. thanks for the information. Great to hear from the front lines that actually know what is going on in supply.

  6. PM prices have been tracking stock indexes well for the past two months. I am afraid that a second wave mass stock market downturn within the current bear market would bring down PM prices again with it. If so, we may have another good buying opportunity (likely within 9 months).

    • Stacking 2 Tons | April 23, 2020 at 1:01 pm |

      In paper, sure, but if prices continue at these levels, you can bet that in 9 months, physical (the real PM) will most likely be headed on a one way trip to the Moon – one small step for man, one giant leap for stackers.

    • DisappearingCulture | April 23, 2020 at 2:25 pm |

      What is noteworthy, and out of the norm, is for gold to climb up with the dollar index.

      • Stacking 2 Tons | April 23, 2020 at 3:24 pm |

        What is noteworthy as well, Congress has gone blank check mode and the national debt is on the cusp of $25T… just a quick $2T in the last quarter, Fed balanace sheet up to mid $6T’s, and yet the dollar index hasn’t budged!

        Rocket Man playing on repeat here waiting for the CNBC sheeple to wake up and smell the ATH of Au.

  7. Hi Steve, which pm do you think will have the bigger boom… Gold or Silver? I understand the easy answer is both but want to do some extra stacking and can’t decide on which one to concentrate a bit more on as funds aren’t endless. Appreciate all the advice and insight.

    • Ace,

      I believe Silver will outperform gold when the U.S. and Global Financial system really starts to break down. Once silver breaks from its Commodity-Price-Mechanism, based on industrial demand, and to a store of value, we could see insane prices (values).


    • With the silver to gold ratio at 120 to 1. Silver is the better investment right now. Gold will be good at 30 to 1.

  8. Randy Best | April 27, 2020 at 2:21 pm |

    Dear Tom
    Gold should be skyrocketing now but it is still not taken off. Hard to understand.

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