Is anyone else seeing insane premiums on gold rounds right now? Inflation's gotta be fueling this.
- •We're talking well into the seven figures, mostly held in a secure vault down in Phoenix and some in a home safe here in Scottsdale.
- •We usually buy rounds – Eagles, Maples, Krugerrands, you name it – just easier for storage and liquidity if we ever need it.
- •But holy smokes, the premiums I’m seeing lately are just absurd.
Okay, so I’ve been stacking for over a decade now, and my wife and I have a pretty substantial portion of our portfolio in physical metals, especially gold. We're talking well into the seven figures, mostly held in a secure vault down in Phoenix and some in a home safe here in Scottsdale. We usually buy rounds – Eagles, Maples, Krugerrands, you name it – just easier for storage and liquidity if we ever need it. But holy smokes, the premiums I’m seeing lately are just absurd. Like, 5-6% over spot on some of the more common stuff? What gives?
I get it, inflation is running hot. I’m an entrepreneur, so I see it every single day in supply chain costs and just general operating expenses. I mean, my monthly grocery bill for the family has jumped like 15-20% in the last year alone, and don't even get me started on property taxes here in Maricopa County. It's making me wonder if everyone else is finally waking up to the fact that the dollar is losing its purchasing power faster than a politician loses their promises. Are you guys getting hit with these premiums too, or am I just looking in the wrong places?
My typical strategy is to DCA into gold whenever I have some excess capital from business ventures, usually targeting 10oz at a time, sometimes 20oz if the spot price dips nicely. But these premiums are making me hesitate. It almost feels like I'm front-running myself on the inflation hedge. Is the demand that high right now? Are you all seeing a surge in people looking to grab physical gold, particularly rounds, because of these inflation fears? Would love to hear some other big investors' perspectives on this, especially if you're actively buying.