{"id":29996,"date":"2022-03-11T13:18:44","date_gmt":"2022-03-11T23:18:44","guid":{"rendered":"https:\/\/srsroccoreport.com\/public\/?p=29996"},"modified":"2022-03-11T13:25:17","modified_gmt":"2022-03-11T23:25:17","slug":"silver-bullion-sales-surge-premiums-spike-wait-times-for-products-reaching-4-5-weeks","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/silver-bullion-sales-surge-premiums-spike-wait-times-for-products-reaching-4-5-weeks\/","title":{"rendered":"SILVER BULLION SALES SURGE: Premiums Spike & Wait Times For Products Reaching 4-5 Weeks"},"content":{"rendered":"

Investors are buying Silver Bullion at such elevated levels, premiums are spiking higher, while wait times for many products are now reaching 4-5 weeks.\u00a0 I spoke to Dan at Cloud Hard Assets today, and he said that silver was hard to find, pushing investors into smaller fractional official gold coins.<\/strong><\/span><\/p>\n

With the escalation of the Russian-Ukraine War, economic sanctions are setting the stage for a major recession, especially if energy prices continue higher.\u00a0 And, they will likely do so.\u00a0 Even though we may see a correction in the oil price when the Russian-Ukraine War ends, the dynamics of the ENERGY CLIFF will still come back to haunt the global economy in the following years.<\/p>\n

Thus, in times of crisis, investors buy physical gold and silver.\u00a0 Again, Dan, manager of Cloud Hard Assets, said it was very difficult to access silver, which has pushed investors into buying 1\/10 & 1\/4 oz official gold coins.<\/strong><\/span>\u00a0 Wait times for many official silver coins are 4-5 weeks.<\/p>\n

For example, the top dealers have again pushed the Silver Eagle premiums back up to $15 above spot… UNREAL.\u00a0 If you look at the chart below, you can see how the top dealers compare to Cloud Hard Assets:<\/strong><\/span><\/p>\n

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I went to APMEX and SD Bullion to compare prices and wait times for the 2022 Silver Eagles.\u00a0 While APMEX stated they had some product, it was only 3,522 oz, or 7 monster boxes.\u00a0 SD Bullion showed availability by March 31st.\u00a0 I can assure you if you want to buy a significant amount of Silver Eagles, you will have to wait 3-5 weeks.<\/p>\n

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Regardless, the top Four Dealers are charging $2.5-$5+ more for 2022 Silver Eagles than Cloud Hard Assets.<\/strong><\/span>\u00a0 This was the same during the peak buying period during the Pandemic in 2020.\u00a0 Cloud Hard Assets charged much lower premiums for its bullion products than the leading dealers.<\/p>\n

Now, while bullion premiums will rise due to the “BOTTLENECKS” and the “INABILITY” to increase supply, we may start to see more fireworks in the Gold & Silver wholesale bar market due to the LBMA & CME banning six Russian gold and silver refineries.<\/p>\n

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As I have been repeating for quite some time, FIREWORKS in the Silver Market will happen FIRST in the Silver ETFs.<\/strong><\/span> Russia produces about 42 million oz of silver a year, and now this supply won’t be heading to London or New York.\u00a0 Thus, we could see more tightness in the wholesale market via the Silver ETFs.<\/p>\n

Why?\u00a0 Because Institutions control approximately 80% of the markets’ funds.\u00a0 So, when Large Institutions move into silver, the only realistic place to access silver is in one of the Silver ETFs.<\/strong><\/span>\u00a0 And no, most Institutions do not favor the Sprott PSLV ETF over the iShares SLV ETF.<\/p>\n

Why?\u00a0 Sprott PSLV has 3.5 Times less silver and 10 Times less notional daily trading volume than the iShares SLV.\u00a0 This many in the precious metals community tend to overlook.\u00a0 If I am a Large Institution, I will not put in $500 million or $1 billion in a Silver ETF with 10 Times less the daily notional trading volume.<\/p>\n

This is INSTITUTIONAL INVESTING 101… whether we like it or not or want to continue Belly-Aching about the supposed Fraud called JP Morgan’s SLV ETF.<\/p>\n

BEST WAY TO BUY GOLD & SILVER…<\/strong><\/h3>\n

The best way to buy Gold & Silver is from dealers who provide better value by “Dollar Cost Averaging.”<\/strong><\/span>\u00a0 Unfortunately, investors tend to buy more when there is FEAR or PANIC in the market.\u00a0 Thus, Fear & Panic pushes prices and premiums higher.\u00a0 I am not a proponent of buying during these periods… IF and only IF, you DO NOT own any metal.<\/p>\n

It is better to add to one’s metals holdings during price declines and falling premiums.\u00a0 But, again.. for those who DO NOT OWN any metals, it would be wise to acquire some.<\/p>\n

Lastly, U.S. Gold Eagle sales are stronger than Silver Eagle sales.\u00a0 Here are the Silver-Gold Eagle Ratios for the following Months:<\/p>\n

SILVER-GOLD EAGLE RATIO:<\/strong><\/span><\/p>\n

JAN 2022 = 28 to 1<\/p>\n

FEB 2022 = 17 to 1<\/p>\n

MAR 2022 = 8\/1<\/p>\n

Now, compare the 23\/1 Gold-Silver Eagle Ratio for Full Year 2021.\u00a0 In times of War & Panic, investors tend to buy more gold.\u00a0 But, I see this changing in the future when more investors move into silver to take advantage of a much lower price and realization that there really isn’t that much more Gold than Silver Investment Stocks in the world.<\/strong><\/span><\/p>\n

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You can contact Tom, Dan, or Jade… Click here: CLOUD HARD ASSETS<\/strong><\/a>.\u00a0 You can also call (800) 247-2812.<\/p>\n