I fully agree and never trade mine but, it would seem to me ti be a lot easier and simpler to trade paper gold. I guess i see a distinction between trading and holding for the day tshtf because that will be the day in my estimation when gold will be dried up and priceless...just sayin is all.
In post # 4785, chief informed us of 2 great deals from SD Bullion yesterday (1. Halves AT SPOT; 2. 1/4 oz random, second hand Au coins at spot + $4.99 per coin); those are still up: https://sdbullion.com/deals
Definitely higher premiums now than past times we hit the $14's
Premiums are actually pretty similar to the panic drop in 2008 when silver slipped to $9 when noone thought it could go that low. Literally Everyone was out of stock of physical silver at that time in 2008, but a couple places allowed you to pre-order silver bars for 30% or more premium. Even 100 oz bars were sold out.
If we still had GIM 1 my autistic a$$ would be combing through threads from the autumn of '08 but I do believe premiums were higher at peak on every product back then, then are today but it did take a few weeks for these shortages/premiums to manifest. I remember most products totally unavailable with AGEs at least $100 over and ASEs $6 over if you willing to wait for them. Tulving was the go to dealer for most here and he had soldout signs on every last thing at one point. The era of mint rationing started here also. In 2009 the mint diverted the production of all gold bullion to 1 oz eagles until december and diverted all ASE prod. to bullion coins. We are not in 08 territory (yet). Pm's need to fall further to see the same pandemonium IMO.
This is pretty much in line with my recollections of premiums in 08, not only in dollar terms were they higher, in % terms they were way way higher. Louky do you see platinum lower this week coming? If so premiums should go up way faster than gold or silver.