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DOUBLE YOUR SAVINGS ON SILVER SILVER PRICE IS DOWN AND PREMIUMS ARE ON SALE

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DOUBLE YOUR SAVINGS ON SILVER SILVER PRICE IS DOWN AND PREMIUMS ARE ON SALE
DOUBLE YOUR SAVINGS ON SILVER
SILVER PRICE IS DOWN AND PREMIUMS ARE ON SALE
That means you save not only on the spot price but also on the premium over spot. Premiums on certain items are less than half of what they were just a few months ago.
After the metals have been hitting long time highs we finally got a dip in price. Gold dropped $80 and silver lost about $2 an ounce. Combine this with savings of $2 or more per ounce in premiums and you are getting almost 20% of the “out the door” price. In many cases silver is cheaper today than when spot silver was under $18 per oz.
The metals dropped after the markets, including the stock markets, started getting too confident that the Fed policies were working.
Markets were expecting the Fed to stop raising rates, avoid a recession and start lowering rates by year end.
That’s a little too much optimism.
January jobs reports came out at almost 3 times the expected number at 517,000 new jobs and the markets sobered up quickly. Higher jobs numbers indicate the economy is stronger than anticipated and that basically means more rate hikes, which markets were betting against.
I believe the January job number will be revised down later this month. Quite a few analysts have stated they believe the number was a mistake and I agree.
When that happens, look for the markets to reverse and prices will likely resume their upward movement.
The lower out the door prices make this a good time to add some metals to your holdings if you have been waiting for a good opportunity.

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  • Nick Grovich
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