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Client communications are a priority for us. If someone calls, we have live people answering the phone and ready to provide service. If you need support by email or by live chat, we respond promptly. This is, of course, good business, as it makes for happy customers!
However, it is great for another reason. A big part of what we do is provide timely and useful articles and podcasts you can use to stay current on developments which impact the metals markets and your investments. It helps us immensely to know what our clients are thinking about and what questions they have.
Here are a couple questions we’ve seen recently, along with our responses…
Question: Premiums are lower across the board. What is the best buy currently – bars or sovereign coins?
Answer: Premiums (what dealers add to a metal’s spot price per ounce, which include minting charges, wholesaler fees, shipping costs, and profit margins) are the LOWEST we have seen in years. It is a buyer’s market for bullion coins, rounds, and bars, and there are plenty of good deals.
Whether it is sovereign coins or bars that represent the “best buy” will depend on what is important to you.
Bars (and 1 ounce silver rounds) offer the lowest overall cost per ounce. If “best buy” means “lowest price,” these are the way to go. You can’t go wrong buying the maximum number of ounces for the least amount of money, provided you are getting a quality product from reputable mints and refiners.
On the other hand, coin premiums are at cycle lows and there is a floor of sorts beneath them.
Sovereign mints, unlike private mints and refiners,