So just a couple of weeks ago, there seemed to be a large outcry here how "well the PAPER market is down, but everyone is out of stock and premiums are huge so that PROVES the paper market is manipulated. Well: https://libertycpm.com/silver/ Sub $25 ASE's, in stock, all you want. Its almost as if someone might have said dealers would increase their premiums when markets drop, but premiums would readjust to normal after while. Lesson? Its almost never "different this time". If you wish to be involved in the PM market, you should strive to understand how they work, how premiums will vary, how historically they have gone. Maybe even listen to an "old codger" every once in a while, and not be so quick to believe newcomers when they insist its "different this time". "Different this time" makes the hair on the back of my neck stand up, since its always never true, its just an excuse for people to not have to admit mistakes. Most market implosions have been preceded by a loud chorus of "its different this time". Btw, I have no affiliation with this firm. Just posting for illustration purposes.
Well said Chris. I can remember a few years ago when silver went up to around $18 an oz. and then suddenly began dropping and settling around $11-$12. You couldn't find an ASE for less than $18 to save your life. Then one night Cloudsweeper posted a thread stating mintproducts.com had 'em for (if I remember correctly) $12. What goes up eventually comes down. Gravity's always gonna get ya.........
Aww, that ain't nothin' 40 or 50 spins around the sun won't cure :smile ...Unless of course, it's different this time.... :devil:
I've bought from them in the past. No problems. Almost a 46% markup over spot on Morgans/Peace dollars....wow!
