This is not financial advice.I've been thinking of dipping my toes into a bit of bullion. Not really as an investment, and only 10k or so, but purely as insurance against a true SHTF scenario. What's a significantly lower premium? Right now spot Ag is at 31.48 CAD, and after looking at like a dozen dealers nation wide, best I could find was: MLs were 38.61 ( 22% premium) Eagles were 37.67 (20%), recognized other bars (like JM refiners) were 37.35 (19%). Even 100 oz bars still worked out to 36.41/oz (16%). Gold MLs on the other hand were 2290 vs a spot of 2176 ( 5%). While the Gold MLs are a better deal, you're out of luck if you want to buy less than $2k worth of something in said SHTF scenario. 1/10 oz Gold MLs worked out to 2523/oz. I guess it's just the cost of refining and minting.
If you can find a trustworthy dealer, then I wouldn’t mind the premiums. Silver will go up like crazy in value anyway, and a trustworthy dealer is worth it.