Safe Haven Metal #1 Trusted Gold IRA Provider

[…] Safe Haven Metal company logo of a shield with the letters "SHM" as the body, and the company name in over under format, silver and gold colors
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[…] Safe Haven Metal company logo of a shield with the letters "SHM" as the body, and the company name in over under format, silver and gold colors
CONTACT US
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What is Premium Over Spot?

The Industry Terms of Premium compared to Spot

Premium has at its base the spot price. Which is determined in real-time on commodity exchanges where buyers and sellers trade commodity contracts. If you want to read more details about the multiple steps in bring gold to market, check our article on spot price.

What is a Premium:

The premium, also known as the “over spot” price, represents the extra cost charged over and above the spot price for a particular precious metal product. For example if the silver spot is $30, and the sale price is $40, then the total premium is $10.  This additional cost derives from various factors involved in the production, distribution, and sale of the item.

Some of the key factors that influence the premium include:

  1. Fabrication Costs: The cost of converting the raw precious metal into a finished product, such as coins, bars, or rounds. This includes expenses related to refining, minting, and manufacturing.
  2. Distribution and Handling: The costs associated with transporting, storing, and handling the precious metal products from the mint or refinery to the end consumer.
  3. Numismatic or Collectible Value: Certain coins or bars may have historical significance, limited mintage, or unique designs that make them desirable to collectors. The rarity and collectible appeal can add a premium to their price.
  4. Brand Recognition: Well-known brands or government-minted coins may command higher premiums due to their reputation for quality and authenticity. Check out our article on American Eagle.
  5. Market Demand: During periods of high demand, there may be a scarcity of certain precious metal products, leading to higher premiums as buyers are willing to pay more to secure these items.
  6. Market Conditions: Economic and geopolitical uncertainties can influence investor behavior, leading to fluctuations in demand and premiums for precious metals.
  7. Payment Method: Cash transactions such as (wire, cashier’s check, & direct deposit) are settled quick and require no additional maintenance resulting in lower premiums. While IRA transactions require ongoing maintenance, paperwork, and storage.
the premium charged factors in so many aspects, as shown in four images: locating gold, mining gold, refining, and engraving the molds for coins are just some of the factors effecting premium

Conclusion:

Understanding the difference between spot prices and premiums is essential for all involved. Consumers need to consider the premium when buying precious metal products to determine their total acquisition cost. Equally even collectors should be aware of the premium too. To better understand how much they are paying for the numismatic or collectible’s value as to a particular item.

The spot price and premium can vary significantly across different products. Various market and economic factors influence both. By staying informed about market conditions, historical trends, and the factors driving premiums, enthusiasts can make more informed decisions. Leading to better and more well-balanced precious metal portfolios.

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Simplified Short Version of Terms and Conditions of Website

This is only a simplified version of the full terms and conditions, it is intended as a quick overview regarding the things as people are most commonly relevant to us.

This website is governed by the full terms and conditions.

Purchase and sales agreements are separate, and provided in different links found on the footer. 

Consent to Contact

Submitting your contact information on any of our contact forms and or calling or emailing Safe Haven Metal is a grant of consent for us to contact you via telephone or email. This consent is a waiver if you are on the do not call list registry and any email shall not be considered spam or unsolicited. Safe Haven Metal will contact you to discuss your needs and no other use of your contact information will be engaged in by us. We do not sell your phone number or email information to anyone.

Please review our Privacy Policy and Cookie Policy for opt out procedures and additional information. The bottom line is that we do not like it when companies sell our information so we will not do it to others.

AML POLICY

Due to Anti-Money Laundering (AML) Policy restrictions and guidelines, we do not accept physical paper money (cash) for purchases. If you do not know what the AML is, you really need to look it up, as it applies to everyone.

As a financial institution, Safe Haven Metal is AML compliant.

PAYMENT OPTIONS

For products that will be delivered to you directly these traditional forms of payment are accepted: bank wire (we prefer this one), cashier’s check, ACH; also IRA is acceptable but that has tax consequences for you.

For products that will be stored by a third party (depository), IRA, 401k, Pensions, Retirement Account, etc. (see full list on Gold IRA page) are all acceptable forms of payment.

We do not accept credit card payments, cash over $10,000 and we do not accept cryptocurrency, we are happy with our real gold.

BUY BACK POLICY (from the purchase agreements)

Safe Haven Metal (SHM) is prohibited under the law from guaranteeing to repurchase Precious Metals that SHM sells, and SHM does not guarantee that it will repurchase any Precious Metal item that Client may purchase; what SHM extends is the possible availability as a buyer at a later date. If and when Customer desires to liquidate, simply call SHM and let SHM know you are ready for SHM to exchange for cash the Precious Metals purchased from us subject to the following procedure that must occur:

i.)         Customer ships the Precious Metals products originally purchased from SHM for inspection because the buy back offer is only for the exact items purchased from us, inclusive of exact condition; and 

ii.)        The cash value of buy back will be at or near Spot Price at the time when we have examined the product to ensure it passes inspection (which is at our or our designated inspector’s sole good faith discretion as to current condition compared to documented condition when originally purchased); 

iii.)      A new agreement is then presented by SHM to Customer reflecting Spot Price and conditions quantities much like this Invoice; the offer is valid for 24 hours after inspection approval and new agreement sent; 

iv.)      Once signed and returned to SHM the money is then released to you within 72 hours; if Customer rejects the offer then Customer must pay for return shipping costs and the product will be returned to Customer. 

v.)          There is no fee on buy back, as that fee is part of the initial purchase Agreement with us as a part of our consideration to be available for your needs at a later date, consistent with this whole paragraph.

Risk Disclosures

Investing in everything is a risk; values fluctuate, sometimes going up, other times down; no one can predict the future; that is why diversified portfolios are usually recommended. The best anyone can do is make informed decisions and see if correct over time, therefore do research, do your homework. Do not invest more in precious metals than you feel comfortable with after informing yourself. Read your contract; ask your attorney to review it. We strive to do right and help others, if you do not understand something then ask us. There are no guarantees, other than doing our best for you.

DISCLAIMER

Our communication of portfolio is intended as Oxford Dictionary defines “portfolio” as: “a range of products or services offered by an organization, especially when considered as a business asset” and Oxford defines “analysis” as “detailed examination of the elements or structure of something”.

All information provided on this website is the opinion and property of Safe Haven Metal LLC. All customers and potential customers are encouraged to do independent research, educate yourself and make informed decisions. Then you can make the best decision for yourself. Once you have done your diligence you will see that Safe Haven Metal LLC truly does have our clients’ best interests in heart. We would not encourage you to go look around elsewhere if we were not confident in what we offer and provide.

NOTICE: Any images of persons on our site are from professional models obtained through licensing of various companies.

Full Terms and Conditions

The full terms and conditions control over this simplified version. This is intended as a quick reference point only. You can access and read more on the full terms and conditions page.