Evening everyone....
I’m well aware that everyone wants to buy up some silver and gold right now with these prices. Especially the silver stackers.........
BUT..........
The dealers are currently gouging everyone with premiums right now. This is for two reasons. The first one is because they took a beating on current inventory with overnight plunges in spot price and are trying to recoup some money. The second is everyone wants to buy and they know it.
My suggestion is, not that I am a financial wizard, but I have been through a couple of these monster smack downs. Is to hold off buying for a couple of weeks.......
I have searched high and low, there are many decent deals out there. But the bullion dealers can’t hold out forever. They need to sell in order to have cash flow to buy. So once everyone realizes this and stops buying, they will lower their premiums to get people to buy.
Not only that but the spot price will not be going back up anytime soon with the craziness going on with the coronavirus.
