Metallic Posted August 28, 2008 Report Share Posted August 28, 2008 In reference to recent gold coin shortages, I noticed in February 2008 that www.goldline.co.uk/bullionCoinsPage.page was out of stock of several 1 oz. coins (I'd been monitoring them for 2 years up to that point). I hadn't seen this before, even when prices spiked in May 2006. This situation hasn't changed since, and smaller denominations are also now out of stock. Furthermore, spreads on the spot price (my first purchase, a 1 oz. Krugerrand in Feb 2006 was ~2% above spot) has increased to between 6% and 9% above the spot price, depending on which 1 oz. coin is purchased. Can anyone explain the shortage and increase in spreads? Link to comment Share on other sites More sharing options...
Pixel8r Posted August 28, 2008 Report Share Posted August 28, 2008 Can anyone explain the shortage and increase in spreads? Quite simple I think, the massive drop in spot price. Link to comment Share on other sites More sharing options...
Metallic Posted August 29, 2008 Author Report Share Posted August 29, 2008 Shortage of Kruggerands Link to comment Share on other sites More sharing options...
Metallic Posted September 8, 2008 Author Report Share Posted September 8, 2008 Shortage is now extending to bulion bars. http://www.goldline.co.uk/investmentBarsPage.page Just noticed on Baird's website that the 100, 250 and 500g silver bars and 10 and 20g gold bars are out of stock, with a 3 week delivery time. This is the first time I have seen this happen since Feb 2006. Link to comment Share on other sites More sharing options...
goldshark Posted September 9, 2008 Report Share Posted September 9, 2008 you're right there is a shortage of gold coins, but the reason Goldline has no silver bars and some of the smaller bars is 'cos they're moving to larger premises and their machinery is being installed which will take 3 weeks. they've grown so much that they need more space, probably because dumbasses like you think theres a silver shortage and have been buying silver bars by the truckload... hahahaha Link to comment Share on other sites More sharing options...
drbubb Posted September 9, 2008 Report Share Posted September 9, 2008 you're right there is a shortage of gold coins, but the reason Goldline has no silver bars and some of the smaller bars is 'cos they're moving to larger premises and their machinery is being installed which will take 3 weeks. they've grown so much that they need more space, probably because dumbasses like you think theres a silver shortage and have been buying silver bars by the truckload... hahahaha Let's keep the tone friendly here, Okay, Goldshark! Link to comment Share on other sites More sharing options...
Metallic Posted September 13, 2008 Author Report Share Posted September 13, 2008 Well, there must be an awful lot of idiots out there as premiums on silver coins are soaring..... Silver at £6/oz. Coins (taking off VAT@ 17.5%) £9.16/oz. (on www.coininvestdirect.com) This is a 50% on 1 oz. silver coins. 1 kilo bars are £268/kilo (ex. VAT). Market price £195....37% premium. Goldline is even more expensive at £291/kilo, 49% premium There is a severe disconnect between the physical and paper markets..... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 13, 2008 Report Share Posted September 13, 2008 Well, there must be an awful lot of idiots out there as premiums on silver coins are soaring..... Silver at £6/oz. Coins (taking off VAT@ 17.5%) £9.16/oz. (on www.coininvestdirect.com) This is a 50% on 1 oz. silver coins. 1 kilo bars are £268/kilo (ex. VAT). Market price £195....37% premium. Goldline is even more expensive at £291/kilo, 49% premium There is a severe disconnect between the physical and paper markets..... I was chatting to Michael at the NZ mint a few weeks ago and they are quite happy to receive orders from overseas I'll give him a call on Monday and find out delivery and above spot prices for your comparison. (wish I got commission !) Link to comment Share on other sites More sharing options...
Ret45 Posted September 13, 2008 Report Share Posted September 13, 2008 Can anyone explain why the premium for gold coins is not reflected in a premium for physical gold in BV? Link to comment Share on other sites More sharing options...
id5 Posted September 13, 2008 Report Share Posted September 13, 2008 Can anyone explain why the premium for gold coins is not reflected in a premium for physical gold in BV? Any costs of manufacture are already built in to the spot price for gold as that price is based on a standard LBMA bar. There is no minting cost in producing LBMA standard bar unlike the higher costs involved in minting coin. Link to comment Share on other sites More sharing options...
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