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    Premiums on Gold and Silver EXPLAINED!



    In this video I talk about premiums on gold and silver. A premium is the amount you pay above the spot price of a particular metal. Premiums on silver coins are usually higher than premiums on gold coins. A typical silver premium right now is around 25% and a typical gold premium is around 5% above the spot price for 1 oz bullion. For premiums on gold coins and gold bars the smaller the gold coin or bar is the higher the premium typically is. Premiums on silver and gold can fluctuate and change as supply and demand changes. In the past we have seen higher and lower premiums on silver coins for example. I hope this video is helpful to new silver investors and silver stackers! Below is the link to the Bullion Max website which I reference in this video:

    ✅ Bullion Max Website:
    https://www.bullionmax.com

    ✅ Contact:
    silverdragons47@gmail.com

    ✅ Check Out Silver Dragons on Instagram:
    https://www.instagram.com/silverdragons47/

    ✅ Check Out Silver Dragons on Rumble:
    https://rumble.com/SilverDragons

    ✅ Silver Dragon’s Website:
    https://silverdragons47.com/

    Topics I cover in this video: gold and silver premiums, silver and gold premiums, silver premiums, silver premium, gold premiums, gold premium, silver coin premiums, gold coin premiums, silver bar premiums, gold bar premiums, premium on silver, premium on gold, premium on silver coins, premium on gold coins, premiums on silver, premiums on gold, silver coins, silver bars, gold coins, gold bars, bullion, silver and gold, silver investing, gold investing, silver stacking, buy silver, buy gold, precious metals premiums, premium on silver vs gold, premium on silver and gold, premium on gold and silver, silver, gold, bullion max

    #gold #silver #preciousmetals

    View 44 Comments

    44 Comments

    6. fin59shaw on

      Premiums are important, you can't avoid them unless you are a Pawn Shop. I do buy generic silver rounds, but sometimes a collectible COIN doesn't cost very much more, like British or others. Forget Spot. If you pay $5 over for an ugly ounce, and $7 or $8 for something people like, and will appreciate years later, I think that is good. Just not things that are gimmicks, people but weird stuff for super prices, then will be forgotten. I say Pokemon on that. I buy cheap, but some things are worth paying extra for.

    9. Jim Houston on

      Compare premium % on kilo silver to 1/4 gold. Or 1 oz silver to 1 gram gold. Apples to oranges when you're talking about a $30 purchase vs a $500 purchase.

    13. Thomas Cook on

      Pre 1947 britsh coins 50% silver all types of diffeant sizes of coins bought 2 kilos so 1 kg of pure silver for 685£ 8% over spot for lots of coins

    15. David K on

      Nicely done. A follow-up might be to look at how high spot would need to increase before one will break even or be ahead. It would be hard to determine a completely accurate "sell-back" price as one might get a dollar or two above spot depending on the coin/bar.

    18. Kian on

      Price Shop!!!!! Check the deals page for each online dealer. I’d rather buy my order from multiple online dealers at the lowest price possible as long as I reach their minimum order value for free shipping. Also call your LCS’s and see what they say compared to online.

    21. Nrthshor 85 on

      Like Brits and Roo’s for premiums last year. I now have 23 coins with milk spot’s. Silver is silver but they won’t command the higher payout.

    22. Sting Ray on

      The only people making money on precious metals is dealers. As long as you understand that and don't plan on selling for 40 years precious metals are great. Also, SD you said 5.99 is a good premium???? Maybe for the last year and a half not historically.

    24. Kick Rocks on

      I accept and understand the need for premiums thru dealers and LCSs however, the premiums today are off the chart ridiculously over priced.

    26. Robert Walker on

      Thank you for you channel. Your channel is one of a handful that I point new stackers toward so that they can learn the basics of precious metal stacking. Of course I as a stacker for 20+ years a learn a lot following you as well.

    28. Rob Ert on

      I live in Australia and want to buy more silver but when there's a $10AU premium/oz and it's currently $34/oz spot price, it's a rip off.

    32. Wes Bateman on

      I'm very new to stacking or buying silver. I never knew that one could buy coins like this. I've always been drawn to it for some odd reason. But any how. I do feel like the only people making any money off coins is dealers. I can understand a buck or two premium as a hedge. But 3$ an up is little bit of bull to me . That jmo . I've bought few coins , bars. An you add shipping to all this your paying over 30 a coin. An I don't see me ever getting spot or a buck over unless it really shoots up then there be profit If you sale . Maybe iv missed the whole point ! Me I'm just saving for a collapse or a rainy day. I can't afford gold I guess I'd have to open up u tube video's lol jk 😂.
      But I say thanks to all who do make these videos it's a great help !!

    34. Thomas Henderson on

      Just wondering your thoughts on platinum coins vs fractional gold. A 1/2 gold is about the same as a full ounce platinum coin. Premiums are decent for platinum as well. Any thoughts?

    36. Judy Michaud on

      What 6 Doller premium and you say you would be comfortable buying are you insane. If you are new to staking don't buy any silver with a 6 Doller premium that's a scam price, come on silver dragon. Guys if you shop around, you can find government bullion much much cheaper.

    38. John D Hoffner on

      Shame. Shame. Shame. Telling new stackers that a $6 premium on Phillies is a good deal. You wouldn’t pay that. You know that SD and others have them like 33% less. Bullionmax could not offer one decent silver price for you to hype?

    39. Patrick Potts-Szoke on

      I recently stumbled onto some of your Silver Dragon pours on the secondary market. Beautiful work sir. They are incredible in hand with great color and amazing lines/character

    40. Damon Maddox on

      If the premium was just for making the coins it would be identical from website to website. There is something else going on. It is getting out of control. I think the dealers are marking up the premium for profit, or to limit losses on bad buys.

    41. Ashley Scott on

      A question from England,
      Do you pay tax on top of the price that is shown on the websites.
      Here in England we pay VAT (20%) extra on Silver but not on Gold, meaning we are more likely to stack Gold

    42. chloe peters on

      At any age, you can diversify your portfolio. I'm in my 40s, therefore I was exploring for new investing alternatives. Powerful stock market participants had recommended a trustworthy broker, and with her assistance, I was able to grow my assets from $250,000 to $1,000,000 in the first two months of the year.

    43. matthew Stigen on

      Thank you… one thing I'm unclear about is where do the premiums originate? From The Mint to Wholesalers or from the retail outlet to the consumer? Ultimately who collects the premium?? Curious.

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