With Silver Eagle premiums still ranging from $9-$10 per coin, why is the U.S. Mint still selling so many of them?? Good question. Many investors have switched to Silver Maples, Krugerrands, Philharmonics, and Britannias due to premiums that are less than half of the 2020 Silver Eagles.
As I mentioned in my article yesterday, UPDATE: The U.S. Mint Sells Another Million Silver Eagles In One Day, another one million Silver Eagles were sold in one day. With these Silver Eagles likely going to fill “Back-orders,” I’d imagine most investors were paying $9-$10 premium per coin. Again, it’s simply amazing how Silver Eagle demand is RED HOT with 30-40% premiums.
However, there is one dealer that is trying to provide a MUCH LOWER PRICE for Silver Eagles than most of the larger online dealer. I spoke with Dan at CLOUD HARD ASSETS, and they are now selling 2020 Silver Eagles for $6.70 over spot. I was surprised to hear that they lowered it from $7.20 last week.
Based on the silver spot price of $26.95, early Thursday morning, here are the 2020 Silver Eagle prices from the leading online dealers’ vs. CLOUD HARD ASSETS:
If investors are happy with paying $2-$3 more per coin for their Silver Eagles, then fine. However, if you would like to save money and work with a dealer who has been around since 1978 and puts your funds in an escrow account until the metal is shipped, then I would suggest you give Tom and Dan a call at CLOUD HARD ASSETS.
We try to keep the promotions here at a minimum, but when we see such a large difference in premiums, we want to make sure followers and new viewers have a chance to take advantage of better prices and services.
And, several followers have let us know how glad they were by using Cloud Hard Assets:
I stumbled across your report looking for a dealer who could actually get coins when my APMXX acct was placed on hold and I could not find my login for KITXX. In general, have been scammed a few times in my life, so with trepidation I ordered what to me was a large order from Dan at Tom Cloud. What a joy Dan was to do business with as was Jade. No baloney with the check, fast shipment and all as advertised by Dan at a greatly reduced premium to the big boys. I will never go back to them now that I have found Hard Assets. Although an experienced day trader, I was learning the precious metals mining and hard assets sector in earnest this time. As such I have enjoyed your free service but had no idea why it was free. As a beneficiary I will be a subscriber, paid for from the savings I incurred by purchasing via Dan at Hard Assets on your recommendation by blog post. You could pay me for these two endorsements but I have already been paid via savings. God bless your new business model, and thanks for the education thus far.
Lastly, a couple of weeks ago, I took the plunge and decided to try out Tom Cloud’s company. I found that his prices on Silver Eagles were $6.00 less than any others locally, and on line. Although I like my local guys for several reasons, when one buys 8 tubes, it does add up. And, that includes shipping via FedX, with a signature required, so I was not worried. Jade was very easy to work with, and very professional.
Lastly, as the SRSrocco Report transitions to a Subscription Service tomorrow, we will continue to provide public articles. Tom Cloud’s video updates and some promotional posts will continue to be available to the public.
You can contact Tom or Dan at CLOUD HARD ASSETS here: PRECIOUS METALS INVESTING.
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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DISCLAIMER: SRSrocco Report provides intelligent, well-researched information to those with interest in the economy and investing. Neither SRSrocco Report nor any of its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service and content providers, producers or agents provide financial advisement services. Neither do we work miracles. We provide our content and opinions to readers only so that they may make informed investment decisions. Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.
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