My local guy says yes and i agree, not sure how long it will take to get back to 5K but hes seeing way more people selling then buying so thats another indicator butt allot of those people buy to make a quick buck, buy today sell tomorrow afternoon...LOL, i just buy but never sale so my strategy is simple averaging the highs and lows in the market has worked really well Picked up 2 more AGE,S today got these for only $10 each over spot ~~ and of course here un Nevada, USA NO TAX !! So how much did i save actually save ? If you Bought thru flea bay for a 1oz AGE you would pay $4,701.04 ! plus tax of $393.71 so you would pay a total $5,094 !! so your premium plus tax would be $588 !! now thats just criminal Using my guy at DEI he charged me the $10 bucks i mentioned earlier over spot which is $4,506 + 10 so $4,516 per AGE.
If he has any more to sell at your price plus shipping, PM me, as I'm a buyer! I'm just disappointed, as buyers aren't interested in offers below the market, and sellers appear to believe they should get significantly more than the market for raw product! JMHO
I usually check in with him once a week to see what he has available, the last few times its been AGE,S but occasionally he gets Buff,s in, i have a standing order for a KILO but he tells me most everything over 5OZ usually goes direct to the refiner to start the process all over again but again timing is everything in this business, PM me your want list and i will check with him, usually do it Friday after the market closes.
You had indicated, and shown 1oz. coins you acquired from your supplier at a discount from market price, which I indicated acceptable for me with the addition of shipping expenses! I haven't a complicated list, just for "common" St. U.S. Gold Eagles, as in the KISS approach for old Octogenarian collectors! I normally pay with Postal money orders, promptly sent by certified U.S. mail!
As you know the markets move quickly, and unfortunately he does not hold bullion even for me, when i bought my last two AGE,S he had another 3 OZ,s but sold them by the time that i got there but if you want PM me your list and i can get it to him and can let you know when it comes in.
It seems to be marking time in the $4,500 to $4,600 range. As an old timers, who like coins as collectables, not bullion, I wish it were cheaper.
If your dealer has additional any denomination U.S. Saints when you come-in, I would pay you an additional prompt premium of 8% certified money for your efforts! If you wanted to split, I believe you couldn't go wrong, as you'd be buying at less with anothers' money! JMHO
It could go lower but if those sellers were the "smart money"....wouldn't they have sold about $1,000 HIGHER ? We had a HUGE run in percentage and absolute terms....I said months ago we needed to tread water for at least MONTHS if not a year or more.....$4,500 to $5,500 could be the new trading range (maybe a bit lower on both as we open under the former today). Use volatility as a FRIEND, folks !! Don't chase at $5,500 with gold leading the financial news channels and 20 minute line waits at FUN 2026. Use the volatility to your advantage and buy some cheaper and if it does go appreciably lower like below $4K, just be prepared to pounce. It's unlikely what we saw earlier this year represents THE top. But if you think it mimics the 2006-11 bull market we may tread water for a year or so and then see a 40% decline from the peak. That would put the next bottom closer to $3,500 than $4,500. Again, that's worst-case which I don't foresee if CBs are still buying and crypto is still sucking eggs. $10 is fantastic, my LCS usually charges me $50-$80 depending on the bullion price. I'm happy to pay it -- he SHOULD make some $$$ -- as he is there to also buy when his clients need $$$.
As someone who likes to see money feeding people and building stuff instead of sitting in vaults, I agree.
