The Phaserl


Gold and Silver Coins, Bars See Very Robust Demand – Delays and Premiums Rising

from Gold Core:

  • Demand for physical gold this month at “an historically high level” – HSBC
  • Q3 U.S. Mint gold sales set to dwarf those of previous two quarters
  • Supply of physical silver “continues to be tight” and premiums rising
  • China and India demand remains very strong
  • Seasonal Asian buyers to add to demand in coming weeks
  • Dovish Fed bullish for gold

Demand for physical gold and silver in August and September has been exceptionally strong as investors seek a safe-haven from market turmoil, as the global economy slows down and as it becomes clear that the Federal Reserve and central banks generally are slowly losing credibility and ultra loose monetary policies are set to continue for the foreseeable future.

Gold Bars (1 oz – Perth Mint) 3.75% In Stock
Gold Bars (1 oz) 4% In Stock
Gold Bars (10 oz) 3.75% Delivery Delay – 5 Days
Gold Bars (1 kilo) 2.00% Delivery Delay – 5 Days
Gold Maples (1 oz) 4.25% Delivery Delay – 5 Days
Gold Eagles (1 oz) 5% Delivery Delay – 5 Days
Gold Krugerrands (1 oz) 4.25% In Stock
Gold Philharmonics (1 oz) 5.00% In Stock
Gold Buffalos ( 1 oz) 5.00% In Stock
Gold Sovereigns (0.2354 oz) 8.50% 2015 In Stock
Gold Sovereigns (0.2354 oz – Pre 1933) 9.00% Not available in volume
Silver Bars (100 oz Generic) 9.50% Delivery Delay – October 4
Silver Bars (100 oz LBMA – Asahi Refinery) 9% Delivery Delay – Nov 9
Silver Bars (1000 oz) 5.50% Delivery Delay – 1 to 15 Days
Silver Eagles (1 oz) 35% Not Available
Silver Maples (1 oz) 25% Delivery Delay – Unknown

Note: Given continuing and deepening delays for certain popular bullion coins and bars and rising premiums we believe it is important to keep our clients and subscribers aware of the most up to date premiums and availability. The prices quoted are indicative and can change at any time. We continue to be one of the most competitive bullion dealers internationally. The premiums quoted are for smaller orders and there are volume discounts and lower premiums on larger orders..

HSBC described gold demand from the U.S. Mint as being at a “historically high level” which indeed it has been. The bank report that the Mint has sold 322,000 ounces of gold in the first half of this month.

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