The TRUTH on Gold and Silver Spot Price and Premiums
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- Опубликовано: 8 сен 2024
- Today's video looks at the infamous spot prices on gold and silver, their relation (lack thereof) to the physical market, and why premiums act the way they do on the different products you know and love.
This one is chock full of data and attempts to demystify the most confusing subject in precious metals markets.
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Rob hit another one out of the park. He is able to pack more relevant information into a short video than anyone I've seen on RUclips. The only question I have is, why aren't more people watching this channel?
I think the USA Treasury should cut out the middle man and sell directly to citizens.
I will take that
If my truck wasn't broke, I'd back it up!
Hilarious 😂
good discussion about business numbers.
Personally I always watch the spot prices and COMEX futures. Usually the futures lead the spot price.
This is a different massively positive type of bull run...a good time to hold physical Gold and Silver, and the miners (GDX, GDXJ).
I think this will be like 1970's all over again, but 10x bigger gains because all the govt. debts are 10x to 100x larger.
You fail to realize, gold and silver have been manipulated for well over 100 years.
I happened to participate yesterday Thursday in a survey for this RUclips channel just before the live stream, and I chose the option that appeared to be the correct one for me, and I got an immediate response from this channel that stated “You can’t handle the truth!”. Upon reflection, I realized that the way that the questions were presented was not as clear as I would have liked, and later I realized that what I chose in the survey wasn’t what I intended; however, I resented the gaslighting towards me for apparently not choosing the “correct” answer, namely “You can’t handle the truth!” This channel is very informative for me and I will continue to support it, but I’m somewhat disappointed by such violent response to a survey.
That was quite the stretch. The quote is from a movie and wasn't related, but simply a reference. But I am sorry (not sorry) that you got triggered. I guess that just comes with this generation.
Violent? You sound like a girl claiming that violence was involved while reading text.
I’m sorry that my comment may have triggered you. God Blessed.
i love the truth especially when honest people make a commitment to educate us who crave for it thank you
Indeed, though we tend to fall in the minority ;)
Thanks Rob. The Gold and Silver markets are certainly interesting and a good barometer of the State of the State.
Thanks for your time and information. Appreciate your willingness to help educate us.
THANK YOU, Rob, for your tireless instructive videos. I’ve been learning from you for years, so I always keep tabs on your videos.
I appreciate your integrity, your focus on facts, and your candid statements.
Thank you rob excellent report thank you rob excellent report 💯
Use the 100 oz bars to buy a car or house etc. 😊
Indeed
A-Mark made killing last year on high premium ASEs $10 Premium!
Thanks Rob. We appreciate factual data 👍
Excellent. Thank you!
WHY is the Spot Price of Physical Silver climbing higher BUT PSLV does NOT move proportionally??? We all know SLV is manipulated by the Big Banks and Manipulators.... BUT many of us thought PSLV was more "Honest". Please Educate us on PSLV... AND if it is really any different than SLV ?? Thank You (we Trust your opinion)
PSLV should be a fixed connection to reality of physical.
Loading up has been so easy. "Hiding" and storage has been the challenge! But the process continues.
LCS may not give you spot until price settles in a bit
Shop offered me a coin at spot yesterday too.
Man, this video was especially professional. Love it.
Great info, great presentation, longtime viewer of the channel! :)
It’s has been 50 years since the US and the world went off the World Gold Standard and we are still trying to figure out what is real and what is the real price for miners and real price for mints plus the flexibility of price for the wholesalers and retailers. There are so many 3 letter alphabet soup of governmental agencies, programs, both states gold, silver, and rare earth mines are bottled up the courts for years and who can afford to fight the government forever❤ doc
But, with the draw down of physical of late, isn't the paper market affected due to a lack of physical collateral to prop up paper markets? And if this is true, then isn't the physical beginning to assume control of spot?
Not with American public, because they are not in the game just yet.
@@freedomreport As I understand it, the American public does not have much to do with the pricing mechanism until they do which as you correctly stated, is not yet. Most of the pricing mechanism currently comes from the big players and if the big players lack collateral, they can't push as much paper. I listened to Keith Neumeyer speak on this recently specifically as it pertains to his own mint and potentially taking his production (I forget the amount but, it was significant) off the table and how that might affect available collateral.
Excellent video again Rob! 👍🏽⭐️
The actual spot price is largely irrelevant. Geez, look up the oil price and you see numerous spot prices. It's all about the direction and the magnitude of the change.
Thats cause there is not just ONE type of oil. With the different amount of refining you need to get the refined product. With gold and silver, there is just the West price vs the Asian price.
Heck yeah. WE ARE THE MONEYCHANGERS ♻️♻️ GOOD TELL HERE FOR NEOPHYTES , too its time to get real money in the masses hands, minds, and as a norm...
13:00
Great knowledge podcast. Bit too geeky for those with short attention - but then again knowledge is not necessarily packaged for baboon type thinking 🤔, lest they not be baboons. Really great breakdown on how the system functions.
Yes I am a geek lol. But better that than a scammer or nincompoop!
Do you think Arbitrage from West to East is also driving the recent upward price of metals?
I think your compass is broke
Yes, it is a big factor.
@@freedomreport Yes, Behind the scenes it's probable that the PTB are trying to keep all the boiling pots from actually burning down the world kitchen at one time. Physical moves East.
I’m buying platinum
I think it makes the best coins!
Thank you for all your study and analysis, A comment for the youtube algorithym is the least I can do.
Thanks Rob, great video as usual, appreciate the detail and thought you put into your videos.
Do all commodities follow these spot price and premium dynamics, or are precious metals unique?
Each market has unique characteristics, and some products are more perishable which affects the market prices, but generally all commodities are dominated by paper trading to some extent. The highest levered ones are gold, silver, platinum, palladium, sugar, oil, and some others.
If precious metal exchanges are always losing money and going out of business, then who is making money on the other side of those trades? Or, is all the money being eaten up by high operating costs?
Costs are a huge factor, which forces consolidation. Then as the bigger guys get bigger, they become market makers in the physical market and vacuum up profits through volume.
A must share!
I have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars????
As a beginner, it's essential for you to have a professional to keep you accountable. I'm guided
by Andras Bohm a widely known crypto consuitant
I have heard a lot of wonderful things about Andras Bohm on the news but didn't believe it until now
I'm willing to make consultations to improve my situation. What is the most reliable medium to reach him please?
his website appeared right away, You've saved me several hours of research, I appreciate it
He has warts on his nose
Less than half the price of gold