posted on Apr, 13 2013 @ 06:15 AM
reply to post by CosmicCitizen
yeah...i understand the mechanics & the reason why...
but i am noticing that 'Premiums-above-spot' are rising faster than the merchants can edit their web sites rates
there are two in particular who advertise much lower Premiums-over-spot price
the SPOT is now $25.85 ~as of 6:18 AM, est on 13 Apr. 2013
one supplier charges $29.64..... per Silver Eagle
a 2nd seller charges $29.57..... per Silver Eagle
both rates are about $1.00 above the stated Premium rate... thus being false advertizing
i feel some sort of class action be leveled at these fraudsters, who use unsavory false price lead-ins to draw the customer in... they mitigate their
risk by false. misleading promises....
i suspect that the lawyers would point out that the pretty much useless silver 'rounds'
adhere to the stipulated real mark-up premium and that fact would allow the premiums for Eagles or Maples to be whatever the market will bear.
what a world huh
edit on 13-4-2013 by St Udio because: be
Originally posted by CosmicCitizen
Re China selling...I believe I posted that they would be smart to do so to get the market thru the support levels to buy more at lower prices without
chasing and driving it higher.
yeah you did... good call
and thats the reason that PMs will be lower in the future, because of concentrated attacks on the COMEX by Russia, China in particular with an eye
towards getting the monster share of global bullion reserves in their vaults
~i would even bet that South Africa is engineering the gold mining supply contraction to keep the resource in the ground for future use by the
(presently low-profile) BRICS international infrastructure Bank and Its new reserve currency backed by gold and resources~
edit on 13-4-2013
by St Udio because: (no reason given)
edit on 13-4-2013 by St Udio because: remove my name