{"id":22004,"date":"2020-05-14T13:25:22","date_gmt":"2020-05-14T19:25:22","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=22004"},"modified":"2021-09-17T11:19:15","modified_gmt":"2021-09-17T21:19:15","slug":"tightness-continues-in-retail-silver-market-best-gold-silver-eagle-buy-prices-update","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/tightness-continues-in-retail-silver-market-best-gold-silver-eagle-buy-prices-update\/","title":{"rendered":"TIGHTNESS CONTINUES IN RETAIL SILVER MARKET: Best Gold-Silver Eagle Buy Prices Update"},"content":{"rendered":"

With the lack of availability of precious metals retail bullion products, the premiums for gold and silver coins-bars continue to be quite elevated.\u00a0 Depending on the dealer, 2020 Silver Eagle premiums are still ranging between $7.5 and $13.<\/strong><\/span>\u00a0 Thus, the Silver Eagle premiums are between 47-81% of the spot price, depending on the dealer.<\/p>\n

I continue to check the U.S. Mint website, but there still hasn’t been any update for Silver Eagle sales for May.\u00a0 While the U.S. Mint sold 7,000 oz of Gold Eagles in May so far, it shows no figure for Silver Eagles.\u00a0 The large online dealers are still struggling to obtain supplies of silver bullion products with the availability pushed back 2-4 weeks or longer.<\/p>\n

Precious metals investors are wondering when retail gold and silver premiums will begin to decline.\u00a0 That’s a good question.\u00a0 Gold Eagle Premiums back in early 2009 shot up to 8% and then declined substantially in early summer.\u00a0 By the end of 2009, Gold Eagle premiums had fallen back to 4%, shown here from GoldChartsRus:<\/p>\n

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The gold and silver coin premiums used on Nick Laird’s GoldChartsRus website mainly come from MONEX.\u00a0 While these premiums provide investors with a guide, I wouldn’t trust MONEX as a company.\u00a0 It seems like Monex continues to get into trouble by DEFRAUDING investors.<\/p>\n

Federal Court Allows CFTC Case Against $290M Fraud to Proceed<\/strong><\/a>
\nThe CFTC alleges Monex Deposit Company scammed thousands of retail customers out of more than $290 million (July 26, 2019)<\/strong><\/p>\n

Newport Beach precious metal dealer Monex accused of $290-million fraud (Sept 16, 2017)<\/strong><\/a><\/p>\n

So, good luck if you use or want to use MONEX to acquire precious metals.<\/p>\n

Even though some gold bullion product premiums have declined, it will be interesting to see how the premiums will change as the global contagion continues to wreak havoc in the financial system and economy.<\/p>\n

Top Online Dealers Silver & Gold Eagle Buy Prices<\/strong><\/h3>\n

I wanted to do an update on the various leading online precious metals dealers Silver & Gold Eagle BUY PRICES versus CLOUD HARD ASSETS.\u00a0 I just spoke with Dan from Cloud Hard Assets a few minutes ago, and he updated some of the prices for the products they sell.\u00a0 It seems like the gold bullion product premiums are falling because the large Gold Refineries have reopened, allowing more availability of the product.\u00a0 However, premiums for Silver bullion products remains high because of elevated demand and lack of available supplies.<\/p>\n

Dan also told me that investors are buying about 40% silver and 60% in gold bullion products.\u00a0<\/strong><\/span> The silver percentage would be higher, but due to the lack of available physical silver bullion products, investors are buying more gold.<\/p>\n

Here are some of the leading online dealers BUY NOW prices for Silver Eagles vs. CLOUD HARD ASSETS<\/strong><\/a>:<\/p>\n

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As you can see, CLOUD HARD ASSETS<\/strong><\/a> is still providing the best BUY PRICES for 2020 Silver Eagles.\u00a0 I was quite surprised to see one of the largest online dealers charging a whopping $13 over spot for Silver Eagles.\u00a0 Thus, this dealer is charging an 81% premium for its 2020 Silver Eagles.<\/p>\n

As for the 2020 Gold Eagles, here are the same online dealer’s BUY PRICES:<\/p>\n

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Please also check the following prices for CLOUD HARD ASSET<\/strong><\/a> bullion products versus the competitors:<\/p>\n