A huge spike in demand for physical precious metals has decimated available dealer inventories. The vast majority of gold and silver coins, rounds, and bars are either out of stock or come with extended shipping delays.

Premiums are spiking higher. Dealers have raised bid premiums – the amount offered above the spot metal price – dramatically along with ask premiums.

The market is still searching for equilibrium and bids dealers pay may need to go even higher to entice enough sellers to meet demand.

Demand continues to far outstrip available supply of minted items.

The ... Read more »