Premiums on Gold and Silver EXPLAINED!
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- čas přidán 24. 07. 2024
- In this video I talk about premiums on gold and silver. A premium is the amount you pay above the spot price of a particular metal. Premiums on silver coins are usually higher than premiums on gold coins. A typical silver premium right now is around 25% and a typical gold premium is around 5% above the spot price for 1 oz bullion. For premiums on gold coins and gold bars the smaller the gold coin or bar is the higher the premium typically is. Premiums on silver and gold can fluctuate and change as supply and demand changes. In the past we have seen higher and lower premiums on silver coins for example. I hope this video is helpful to new silver investors and silver stackers! Below is the link to the Bullion Max website which I reference in this video:
✅ Bullion Max Website:
www.bullionmax.com
✅ Contact:
silverdragons47@gmail.com
✅ Check Out Silver Dragons on Instagram:
/ silverdragons47
✅ Check Out Silver Dragons on Rumble:
rumble.com/SilverDragons
✅ Silver Dragon's Website:
silverdragons47.com/
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#gold #silver #preciousmetals
I won a Silver Back from BullionMax! These are so cool! Thank you for the heads up Silver Dragons!
I'm new to the silver stacking game. Just got into it beginning of last year and i'm loving your videos. thank you so much from those of us that are new to the game!
thanks for watching! 🔥🐉
Just got a free silver back from bullion max.
Me too 👍
I got mine yesterday.
Dude thank you for commenting! I just got into stacking. I got the last meateater note bundle & a free silverback bundle.
I received mine a few days ago!
How you manage that?
An absolutely great video! Thanks
Thank you for you channel. Your channel is one of a handful that I point new stackers toward so that they can learn the basics of precious metal stacking. Of course I as a stacker for 20+ years a learn a lot following you as well.
Got my silver dragons silverback thanks SD and bullionMax!!
I got a free Silverback from BullionMax yesterday. Thank you Silver Dragons
How did you get it for free?
I got mine yesterday too! It is really cool. And you can’t beat free! And the it’s number out of 100k is awesome.
@@twoface7779 entered the giveaway BM had. They gave 10k of them away I think
@@cockpill yeah they are pretty nice. It was very awesome that they did the giveaway. I'm glad you got one as well!!
@@twoface7779 yeah it was a giveaway from BullionMax and Silver Dragons. They're just like the Goldbacks but silver and there's only 100,000 made. They're pretty neat.
Hey this is an excellent topic, thank you for sharing and explaining
I recently stumbled onto some of your Silver Dragon pours on the secondary market. Beautiful work sir. They are incredible in hand with great color and amazing lines/character
thanks so much! 🔥🐉
I love your videos. I am somehowe new on silver stacking, but i learned a lot from you, especialy when you are living in an este european country, with almost 0 silver tradition. Thank you!
Over here in the UK 🇬🇧 our biggest bullion dealers are selling 1 oz silver coins at a minimum 60% premium. You can expect to pay a minimum of 40 USD but average around 45 USD for a 1 Oz silver Brittanya
Thank you so much for your video I’m learning so much, God bless.
Got my Silverbacks in the mail today, total work of art👍
Thanks Silver Dragons
@Silver_dra-gon No, message me for a more profitable offer
This is helpful explain, thanks
Thanks for the Silverback!
It is beautiful 😍
Good Afternoon My Good Bro & Sis Of Silver Dragons 🐉🐉
I just bought 10 silver Buffalo $27 each at my LCS
😎
Nicely done. A follow-up might be to look at how high spot would need to increase before one will break even or be ahead. It would be hard to determine a completely accurate "sell-back" price as one might get a dollar or two above spot depending on the coin/bar.
Yeah don't forget the ridiculous taxes on selling it also.
Diamond hands guys. Cash money, declare nothing and live on
@Brendan Ryan ooofff, yeah good luck with declaring nothing.
true if the sell back prices are above spot then the spread is lower 🔥🐉
I got my free silver back in the mail yesterday. Thanks for telling us about this.
Like Brits and Roo’s for premiums last year. I now have 23 coins with milk spot’s. Silver is silver but they won’t command the higher payout.
Premiums are important, you can't avoid them unless you are a Pawn Shop. I do buy generic silver rounds, but sometimes a collectible COIN doesn't cost very much more, like British or others. Forget Spot. If you pay $5 over for an ugly ounce, and $7 or $8 for something people like, and will appreciate years later, I think that is good. Just not things that are gimmicks, people but weird stuff for super prices, then will be forgotten. I say Pokemon on that. I buy cheap, but some things are worth paying extra for.
So, my point is really that cheapest is not always best, especially for ugly ones. I would rather have a 10oz bar than ten ugly Buffaloes, and the bar would even be cheaper.
As usual SS, another excellent video to keep us informed & up to date! Thank you!!
Thank You Sir.
Thank you!! Just won an awesome Silver Dragons Silverback !!!!!!! It's beautiful!!!
VERY GOOD-THANX
Got my free Silverback yesterday! Love it!
Got my free Silver Back. Thanks Bullion Max!
Cool, thank you 😊
Premiums be high on the pms
Met my goal of acquiring 100 Silver Eagles for 2022. I don't have a goal for 2023, yet. Your videos helped me meet my goal thanks!
Pre 1933 gold
Thank you... one thing I'm unclear about is where do the premiums originate? From The Mint to Wholesalers or from the retail outlet to the consumer? Ultimately who collects the premium?? Curious.
I only buy on specials. SD bullion has a special onsilver Britannias for about $3.99 over spot.
I accept and understand the need for premiums thru dealers and LCSs however, the premiums today are off the chart ridiculously over priced.
So when did the sweepstakes take place?? It was only available until November 20-22? I've already purchased several of them this past January had no idea about any sweepstakes feel like I got kind of ripped off on the knowledge😢
Always shop around for the best premiums.
Thanks
What are your thoughts on buying silver and gold at today's spot prices? I know someone liquidating their collection mostly at spot. Normally I'd jump on it but spot for both is fairly high.
Do I loose the premium when I sell? What is the average a shop is going to buy for
Just wondering your thoughts on platinum coins vs fractional gold. A 1/2 gold is about the same as a full ounce platinum coin. Premiums are decent for platinum as well. Any thoughts?
Go for it I think platinum is a smart buy
Hey Silver Dragons, I know it's an old video, so I'm not sure you're still answering questions. Do you know why the spot price listed on the online bullion dealers' is so different than Kitco's spot prices? More often than not, bullion dealers will list the spot price higher than Kitco's; therefore, we paying even more than the bullion dealers lead us to believe because the bullion dealer is listing the spot price several dollars higher than what it really should be.
Where can I get zero premium coins? lol Seriously though, thanks!
only private sale, but you might get fakes
I must say SD, that was a Premium Video!
Silver 10oz bar is some of your best premiums and 1 oz buffalo
Wow!
A question from England,
Do you pay tax on top of the price that is shown on the websites.
Here in England we pay VAT (20%) extra on Silver but not on Gold, meaning we are more likely to stack Gold
Yuck, I wonder why they charge tax only on silver, and a high tax at that? Many states here do not charge tax on either metal, but some states require you to purchase over a certain amount ($1,000). Anything under that; those states will a charge tax. My state is tax-free, so I'm not sure how much of a tax other states charge if you buy under the threshold.
Just found a 50gram gold bar with 1.92% premium. Paid less than $50 over spot
Question...is the premium the cost to make the coin or is affected by availability....and do you get the premium back when you sell the coin?
Yes,that premium is gone forever, like when you drive the car off the lot
SD bullion still best prices
Lately Hero has been a little better than SD. But both of them are my go to.
@@stephennixon6600 hmmm. Never heard of them
I live in Australia and want to buy more silver but when there's a $10AU premium/oz and it's currently $34/oz spot price, it's a rip off.
SD bullion and bullion exchanges have better prices
I'm not sure what shipping cost's but 1oz kangaroo premiums here are 19.3% for silver and 4.8% gold. Might be different internationally though I suppose.
I'm very new to stacking or buying silver. I never knew that one could buy coins like this. I've always been drawn to it for some odd reason. But any how. I do feel like the only people making any money off coins is dealers. I can understand a buck or two premium as a hedge. But 3$ an up is little bit of bull to me . That jmo . I've bought few coins , bars. An you add shipping to all this your paying over 30 a coin. An I don't see me ever getting spot or a buck over unless it really shoots up then there be profit If you sale . Maybe iv missed the whole point ! Me I'm just saving for a collapse or a rainy day. I can't afford gold I guess I'd have to open up u tube video's lol jk 😂.
But I say thanks to all who do make these videos it's a great help !!
Pre 1947 britsh coins 50% silver all types of diffeant sizes of coins bought 2 kilos so 1 kg of pure silver for 685£ 8% over spot for lots of coins
Did you have to pay VAT on top of that?
Got my free Silverback from BullionMax!
Compare premium % on kilo silver to 1/4 gold. Or 1 oz silver to 1 gram gold. Apples to oranges when you're talking about a $30 purchase vs a $500 purchase.
So basically dont buy gold and silver unless you plan on holding for 20 yesrs cause you need to make back the premium ?
unless you thing silver is going to break all time highs then buy buy buy, but if you are in the camp that silver will stay in the 25-30, then the premiums you pay on top of the spot will not be worth it
If the premium was just for making the coins it would be identical from website to website. There is something else going on. It is getting out of control. I think the dealers are marking up the premium for profit, or to limit losses on bad buys.
Why do Gold Maples typically have cheaper premiums than other coins? It seems it's a similar story for Silver Maples. Would love to know.
It’s currently more in demand. More circulation, more made, brings cost down.
@@Chullotron You don't happen to have a source for that do you? I'd love to read about it.
When I buy 1/10 gold anything, there's a $30 to 60 dollar premium, if I want a 1/4 oz $80 + premium, 1/2 oz $150+. I thought it was the other way around, Or am I just getting lucky.
Why is gold spot so much more than silver spot?
In Austria you pay for 1oz silver Philharmoniker 31 euros (9euro premium)... too much
After paying the premiums...Do they include a small jar of Vaseline? 😳. (😝)!!!!
Why is the Silver premium 25% and the Gold premium 5%? Enlighten me.
hi
Shame. Shame. Shame. Telling new stackers that a $6 premium on Phillies is a good deal. You wouldn’t pay that. You know that SD and others have them like 33% less. Bullionmax could not offer one decent silver price for you to hype?
First 🥇
Why is gold and silver the only thing priced this way. It seems like premiums are just an expensive sales tax.
Price Shop!!!!! Check the deals page for each online dealer. I’d rather buy my order from multiple online dealers at the lowest price possible as long as I reach their minimum order value for free shipping. Also call your LCS’s and see what they say compared to online.
The only people making money on precious metals is dealers. As long as you understand that and don't plan on selling for 40 years precious metals are great. Also, SD you said 5.99 is a good premium???? Maybe for the last year and a half not historically.
Click on silver at the very top of the page.
What 6 Doller premium and you say you would be comfortable buying are you insane. If you are new to staking don't buy any silver with a 6 Doller premium that's a scam price, come on silver dragon. Guys if you shop around, you can find government bullion much much cheaper.
4 mins and you don't address the topic.
The one you sent me
Never came.