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Last week, I bought 90% at 25 x face (~$34.50/oz) when spot was hovering around $34. Yesterday, despite the fact that spot was well under 30, 90% was selling for 23 x face (just under $32/oz). So while spot dropped like a brick, premiums went from almost nothing, to a couple dollars an ounce.

...and I remember when silver had dropped to $14 or $15 an ounce - but you couldn't find Eagles for less than like $25 and even rounds were $21 or $22. It was almost like, what does spot even matter?

[QUOTE="Freddy Q, post: 9460493, member: 62935"] Last week, I bought 90% at 25 x face (~$34.50/oz) when spot was hovering around $34. Yesterday, despite the fact that spot was well under 30, 90% was selling for 23 x face (just under $32/oz). So while spot dropped like a brick, premiums went from almost nothing, to a couple dollars an ounce. ...and I remember when silver had dropped to $14 or $15 an ounce - but you couldn't find Eagles for less than like $25 and even rounds were $21 or $22. It was almost like, what does spot even matter? [/QUOTE]

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