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As striking as the example above is it only tells part of the strange story..90% coin premiums are actually chump change compared to Silver Eagle..or even Silver Mapes..the reasons are as follows...
Oct 30 21:25 pm
|Rating:
0
0
All Comments by Greg Pinelli »Premium for Silver Coins Soars [View article]
1. Holders of tradeable silver (recognizable coins..rounds) are NOT selling..Why? Because the spot price is a fabrication! A fiction.
2. The people holding and demanding these coins are NOT going to sell anytime soon...silver spot will need to rise BEYOND $25 before the hardcores let go..This isn't anything new..IT HAPPENS EVERY TIME SILVER IS UNDERPRICED.
The same for gold..when in anyone's lifetime have premiums on Gold coins been even half this high??? These are very powerful clues to the future.