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.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

GoldUSD 1,287.10   per Ounce
SilverUSD 17.03   per Ounce
PlatinumUSD 932.40   per Ounce

Print Friendly, PDF & Email