What Does Over Spot Mean - Learn the difference between spot and premium prices. Web what does premium over spot mean? Web for example, a dealer may offer opm silver rounds for $.70 over spot. Web buying gold over spot means that you’re paying more than the current spot price. The term premium over spot refers to the additional cost you pay when purchasing precious metals (such as gold, silver, or platinum) above their spot price. Web what is premium over spot? One must keep in mind that the dealer paid over spot for the rounds and is now selling them for just $.70 over the spot price. This means that the dealer’s gross profit before any costs is less than $.70 per round. You’ll almost always purchase gold over spot because you’ll rarely be able to buy it without the additional associated costs. The spot price is the current market price for an ounce of the metal, as quoted by major financial markets.
The spot price represents the market value of precious metals, subject to constant fluctuations like any other commodity traded on the market. Web buying gold over spot means that you’re paying more than the current spot price. Web what is premium over spot? This means that the dealer’s gross profit before any costs is less than $.70 per round. Web what does premium over spot mean? The term premium over spot refers to the additional cost you pay when purchasing precious metals (such as gold, silver, or platinum) above their spot price. One must keep in mind that the dealer paid over spot for the rounds and is now selling them for just $.70 over the spot price. You’ll almost always purchase gold over spot because you’ll rarely be able to buy it without the additional associated costs. Web for example, a dealer may offer opm silver rounds for $.70 over spot. Web a premium is the amount over spot that you pay for a bullion item. Learn the difference between spot and premium prices. The spot price is the current market price for an ounce of the metal, as quoted by major financial markets.