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<p>[QUOTE="medoraman, post: 2283094, member: 26302"]We have been here before. Remember physical pm in the small amounts collectors buy are a tiny, tiny fraction of the pm market. The price is set by the large user of pm like automotive catalyst manufacturers, jewelry manufacturers, etc. Its very common for the real price, (spot price and futures), to go down and coins and tiny amounts to stay high. </p><p><br /></p><p>I guess an analogy could be in my industry, the dairy industry. You have consumers who buy those little coffee creamers, and other companies who buy 200 truckloads a week of cream. Would it make sense for the consumers buying creamers to say, "since the price of my creamers hasn't gone down much, but the price that someone who buys 200 truckloads a week pays has gone down, that means the price the large manufacturer pays no longer is indicative of the real value"? Or, is it the consumer buying creamer is a specialty market, and THEIR purchases do not matter enough to move the market?</p><p><br /></p><p>To anyone who says "spot prices don't matter" or are artificially low, then buy one. Place the cash up front for a contract and take delivery. Nothing is stopping anyone from doing so.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2283094, member: 26302"]We have been here before. Remember physical pm in the small amounts collectors buy are a tiny, tiny fraction of the pm market. The price is set by the large user of pm like automotive catalyst manufacturers, jewelry manufacturers, etc. Its very common for the real price, (spot price and futures), to go down and coins and tiny amounts to stay high. I guess an analogy could be in my industry, the dairy industry. You have consumers who buy those little coffee creamers, and other companies who buy 200 truckloads a week of cream. Would it make sense for the consumers buying creamers to say, "since the price of my creamers hasn't gone down much, but the price that someone who buys 200 truckloads a week pays has gone down, that means the price the large manufacturer pays no longer is indicative of the real value"? Or, is it the consumer buying creamer is a specialty market, and THEIR purchases do not matter enough to move the market? To anyone who says "spot prices don't matter" or are artificially low, then buy one. Place the cash up front for a contract and take delivery. Nothing is stopping anyone from doing so.[/QUOTE]
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