Gold and Silver Coin and Bar Premiums – What Is Happening?

Watch Today’s Live Video Update

◆ GoldCore Live Video Update: Gold and Silver Coin and Bar Premiums – What Is Happening?

◆ Premiums are higher on gold and silver coins and bars, both when you buy and when you sell, and may stay higher in the “new normal.”

◆ Bullion coin and bar premiums are not commissions and brokers only make a small component of the premium in what is a very low margin business.

Beware of aggressive pricing strategies on coins and bars and focus on getting value with regard to premiums.

◆ GoldCore remains open for business and when they become available we are buying coins and bars from our government mint and large refinery suppliers and from our clients. While oremiums have surged, we have kept our premiums very competitive. We are paying 1.5% over spot gold to clients for gold kilo bars and higher premiums for smaller bars and bullion coins (1 oz).

We are only selling to clients who have cleared funds on account and are on our Buyers List as we simply cannot meet the demand we are experiencing.


NEWS and COMMENTARY

Gold Dealers Report Big Shortages of Small Bars and Coins

(Bloomberg) — When people are worried about the future they turn to gold to protect their savings. That’s rarely been more true than today.

Surging demand and disruptions from the coronavirus pandemic have created a shortage of the small gold bars most popular with consumers. Those who do manage to get their hands on metal have to pay up –- well above the per-ounce prices being quoted on financial markets in London and New York.

Some dealers are desperately contacting clients to see if anyone is willing to sell their gold bars and coins, and offering a rare premium over spot prices. Others have given up trying to trade altogether.

“People want to buy, not to sell gold,” said Mark O’Byrne, the founder of GoldCore, a dealer based in Dublin. “We have a buyers’ waiting list and we emailed our clients seeing who wished to sell their gold. At this time there is roughly only one or two sellers for every 99 buyers.”

Read on Bloomberg or on Yahoo Finance

Watch interview here


GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

01-Apr-20 1594.25 1576.55, 1288.95 1270.23 & 1457.94 1442.86
31-Mar-20 1604.65 1608.95, 1299.61 1296.81 & 1461.52 1468.81
30-Mar-20 1624.35 1618.30, 1312.56 1305.97 & 1466.88 1466.02
27-Mar-20 1621.20 1617.30, 1325.33 1316.16 & 1473.18 1469.48
26-Mar-20 1620.10 1634.80, 1361.37 1358.19 & 1480.12 1487.01
25-Mar-20 1620.95 1605.45, 1357.22 1371.38 & 1494.84 1486.17
24-Mar-20 1599.50 1605.75, 1362.61 1371.47 & 1472.98 1489.49
23-Mar-20 1494.50 1525.40, 1288.86 1312.91 & 1399.60 1411.00
20-Mar-20 1504.45 1494.40, 1275.32 1258.28 & 1400.34 1391.59
19-Mar-20 1480.70 1474.25, 1285.54 1257.83 & 1369.94 1365.89
18-Mar-20 1506.00 1498.20, 1254.50 1271.22 & 1367.00 1378.04


Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here



Mark O'Byrne

Also on news-goldcore-com

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

How High is Too High for Rising Government Bond Yields?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Gold to hit $3,000, Bitcoin to $20,000 Chart Warning Signals!

Today on #GoldCoreTV, Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, shares some insightful charts that help to understand the warning signals in #Bitcoin, #Gold, and #Silver markets. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Are Central Banks Targeting your Bitcoin? Watch this Episode to […]

READ MORE

Crypto Mania: Dawn of a New Era

Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]

READ MORE

Featured

Newsletter
Category
Archives
Popular

No posts available

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

How High is Too High for Rising Government Bond Yields?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

Gold to hit $3,000, Bitcoin to $20,000 Chart Warning Signals!

Today on #GoldCoreTV, Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com, shares some insightful charts that help to understand the warning signals in #Bitcoin, #Gold, and #Silver markets. Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Are Central Banks Targeting your Bitcoin? Watch this Episode to […]

READ MORE

Crypto Mania: Dawn of a New Era

Metals prices are up month over month. This is a nice thing to report and rare since last August. The news this week has been entirely about crypto, again. We report on them insofar as crypto seems to divert money and attention away from silver and gold. Perhaps the crypto mania is peaking. That would […]

READ MORE

Featured