Physical Gold/Silver: Premiums At Historic Lows Says Hug

It is the best times to get into the physical gold and silver markets right now, as premiums are at historic low levels, says Peter Hug, global trading director at Kitco Metals. “If you are bullish and are looking to get into the physical metals market, you are not going to find much better premiums that are being offered by the dealers today,” Hug tells Kitco News. “You can buy one ounce gold bars for as little as $8 over spot.” In terms of key levels to watch, Hug says he wants to see gold break through the $1,256 resistance point to reach $1,265-$1,268 level, which is key for creating momentum for $1,300.

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