doublenickel

Decoupling Of Physical Gold And Paper Gold Prices

It's my experience that there is now a difference of about $2/oz between the futures price of silver and the price you can buy it at auction on ebay (the free-market price). That's about a 15% premium of metal over paper. Time was (prior to March) that 90% silver US pre-'65 coinage was obtainable in the same auctions below spot, sometimes as much as 10%. Something has definitely taken place since then. I don't assign much credence to spot prices anymore. The explanation in March was that prices were so high that people were rushing out to buy. Now the same people are saying prices are so low that people are rushing out to buy. Hmmm.