Quote Originally Posted by Jinx View Post
Mmm I'm looking to buy a reasonable amount of physical silver. But the premiums seem to be insane!
The Morrisandwatson link about is charging a pretty hefty premium, is this standard for physical silver/gold?

Can anyone suggest any lower premiums?
I think your find what we pay over spot is pretty darn cheap just compare to say copper bullion ...just going off the NZ mint site I see the NZD spot Silver price is $24.57oz NZD with a selling price of $28.26oz now that gives them a $3.69 gross profit per oz they must take out process costs , freight of the metal, GST , etc

Idea of process -https://www.youtube.com/watch?v=t0_egjO1EEY