I started my journey of stacking silver roughly 3 years ago. When I first started out with this hobby it was fairly inexpensive. No matter how low the price of bullion was I was very happy with premiums. American Silver Eagles were my first and only choice. I watched a few YouTube videos that had online shops.
I initially used APMEX. And after my bug was satiated I started looking around at other sites and found that the "premiums" (which is the additional fee over the posted SPOT price) which were about $8 at the time. I was set to grab 5-10 American Silver Eagles at a time for those prices.
Three years later and wow! After the COVID19 came around scarcity ensued and premiums lifted off over $12 per Silver Eagle. I was devastated. Now I can't find the prized bullion coins with premiums less than $18 for American Silver Eagles. The price per coin literally doubled.
Are you seeking other inflation hedging hard assets? If so, what have you come across?
Early retirement requires planning and opportunities to be self-sufficient in today,s economy
Silver Bullion Premiums Remain Elevated
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