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Old 08-20-2009, 2:24 PM
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rp55 rp55 is offline
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Yes, all retail sales include a premium and premiums have been sky-high lately leading to those claims that the government is conspiring to hold the price of gold/silver down. The government is no more holding down the price of gold or silver than it is causing a shortage of ammunition. What you are seeing is the free market in operation. There are some concerns that some of the Exchange Traded Funds (e.g. GLD) are not fully backed by physical metal and have been the cause of high premiums. Be that as it may that is an excellent bargain for physical silver these days. I tend to like pre-1964 US silver coinage for my cache but I am tossing some 10 oz bars in. I prefer Englehard bars but can't find any at a decent premium these days.

Quote:
Originally Posted by ac427cpe View Post
They are just charging you $0.49/oz OVER the value of the silver (for it to be in a bar/prettified/etc)
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