Demand shock explanation

[68Camaro]

This from TPM - note that I have used them and trust them, but have no other connection to them.

https://www.texmetals.com/news/demand-s ... -premiums/

[Recyclersteve]

Just saw this now for the first time. The explanation of silver being like toilet paper was very interesting!

[Cu Penny Hoarder]

TPM is a bullion dealer, and high premiums are exactly what they want. It's very difficult to find a neutral 3rd party that will give you straight information who does not have a $$$ conflict of interest.

There is PLENTY of silver available if you are willing to pay the high premiums. This negates the "demand shock" explanation.

Go to Apmex and type in 9999 into the quantity box, it then shows you what is available to purchase = plenty!

I can understand if/when inventories gets wiped out, but right now inventory is back up to normal levels.

If inventory is back to sufficient levels then premiums should go down, right? But they're not because there is a steady flow of buyers who are willing to pay these inflated premiums.

Pure greed.

[wheeler_dealer]

Greed?
I have a store. Inventory, labor, insurance, overhead,etc.
I sell a "widget". I advertise, as well as capture repeat customers. I sell the same widget that many other vendors sell. I price my "widget" for 29.95. You can buy it from any vendor you choose at their price. IMO it's about choice, convenience, comfort level.
Yes, supply/demand dynamics may dictate perceived value.
Inventory has to be replaced. I don't/can't force anyone to buy my "widget". If a customer buys my "overpriced" widget it is because they choose to for whatever motivation drives them.
68 states it well. He trusts TPM. There is value in that. Are the premiums high? You mean are their products priced to high? Buyers have choices. No one forced people to click the "add to cart" button.
If you could sell at the "greedy " vendors price and had Buyers wouldn't you?
Call me greedy. I call it Capitalism.

[Cu Penny Hoarder]

Greed?
If you could sell at the "greedy " vendors price and had Buyers wouldn't you?
Call me greedy. I call it Capitalism.

Good for you, I'm all for Capitalism.

However... $15 over spot for ASEs? $9 over spot for 90%? There is NO shortage of these products.

Yes, GREED.

[NDFarmer]

The price of silver just wants to hang in there between $23 and $24 an ounce for one-ounce rounds. As the price drops the premium continues to increase to keep it there. Wonder if we will ever see it drop below $20 an ounce with the premium?

[natsb88]

Greed?
If you could sell at the "greedy " vendors price and had Buyers wouldn't you?
Call me greedy. I call it Capitalism.

Good for you, I'm all for Capitalism.

However... $15 over spot for ASEs? $9 over spot for 90%? There is NO shortage of these products.

Yes, GREED.

How progressive of you

[Cu Penny Hoarder]

Greed?
If you could sell at the "greedy " vendors price and had Buyers wouldn't you?
Call me greedy. I call it Capitalism.

Good for you, I'm all for Capitalism.

However... $15 over spot for ASEs? $9 over spot for 90%? There is NO shortage of these products.

Yes, GREED.

How progressive of you

I just call 'em as I see 'em. Actually I'm as far away from "progressive" as a person could get.

Seriously though, I feel bad for new stackers who pay these absurd premiums to get the items they want.

We are certainly living through some strange and bizarre times... and things only get worse as time passes.

[Sanford02]

But they're not because there is a steady flow of buyers who are willing to pay these inflated premiums.

Pure greed.

Those 2 back to back lines are perfectly self contradictory....which is a hallmark of "progressive"

If "there is a steady flow of buyers who are willing to pay", then anyone who sells for less would be a fool, not greedy. If I have a lawnmower for sale, and the neighbor on my right is "willing to pay" $500 for it, and the neighbor on my left is "willing to pay" $600 for it, is it greedy to take the $600 rather than the $500? No one NEEDS silver rounds to feed or shelter their family, so there isn't some exploitation of desperation going on. It's just a willing buyer and a willing seller...it's rational, not greedy.