We've been closely following the tightness in supply in the physical bullion market this week. Premiums began spiking, and now it's becoming harder and harder to find metal in stock to purchase, regardless of price.
We're hearing more and more reports of local coin shops closing their doors (hopefully temporarily) due to lack of inventory. But now the big players like APMEX and Tulving are out of stock on many products, particularly the silver-based ones.
As many of you know, Chris and I spent last Friday with the team at GoldSilver.com. I spoke with them this morning about their supplies, which remain stocked, though if current demand continues that may not remain the case much longer.
During the conversation, GoldSilver kindly created a coupon code for PeakProsperity.com enrolled members that will waive the shipping fees for orders over $3,000. That code is peakprosperity184 (please do not share it publicly, as this code has been created exclusively for PP.com enrolled members).
While our officially-endorsed bullion partner is the Hard Assets Alliance (which is holding up well comparably to the marketplace in terms of both inventory, premiums and delivery times), we have nothing but respect for the operation Mike Maloney has built at GoldSilver. The premiums on GoldSilver's products are generally lower than or equal to what I'm finding elsewhere online. In particular, they have about the lowest premiums on in-stock 100oz bars that I can find anywhere at this point (they sell RCM and J&M – both high-quality brands).