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<p>[QUOTE="medoraman, post: 1441110, member: 26302"]Not with time sir, but short term you are right. It would take time to force dealers to reprice their coins if PM goes down. The last time this happened was in the 80's, and many dealers held on to their "cost" pricing for a few years until sales just shrivelled up and they were forced to lower the price. On a price slide, bullion and junk will be quickest to get repriced, and even that could take a while. Dealers like to say either "the price is going back up" or other reasons to justify why the don't reflect lower PM. Sometimes they are right, and its just a dip. They were right the last time, with most dealers refusing to sell silver based on $10 or below silver. They sure bought it on that basis though. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I don't begrudge any of them their pricing decisions, its their business, just describing what happened the last time there was a longer term price correction.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1441110, member: 26302"]Not with time sir, but short term you are right. It would take time to force dealers to reprice their coins if PM goes down. The last time this happened was in the 80's, and many dealers held on to their "cost" pricing for a few years until sales just shrivelled up and they were forced to lower the price. On a price slide, bullion and junk will be quickest to get repriced, and even that could take a while. Dealers like to say either "the price is going back up" or other reasons to justify why the don't reflect lower PM. Sometimes they are right, and its just a dip. They were right the last time, with most dealers refusing to sell silver based on $10 or below silver. They sure bought it on that basis though. ;) I don't begrudge any of them their pricing decisions, its their business, just describing what happened the last time there was a longer term price correction.[/QUOTE]
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