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<p>[QUOTE=&quot;Lord Geoff, post: 1690331, member: 42001&quot;]In my opinion it IS ethical, or at the least it is not unethical. I am not talking about the guys who offer an old lady $60 for $10,000 in coins; that is a different debate.</p><p><br /></p><p>If I am a shop owner; someone offers to sell me bullion; I make them an offer. They complain it is too low, and I give my reasons. If one of them is the economy is bad, so be it. They can take it, or not.</p><p><br /></p><p>I don&#039;t think anyone would state the above is unethical.</p><p><br /></p><p>So now I&#039;m the same shop owner and I generally sell silver at spot +10% (I&#039;m just making up numbers here to illustrate the point).</p><p><br /></p><p>I have $100,000 of silver. Overnight silver drops in half. I say to myself, hmm that&#039;s really weird. I don&#039;t think I want to sell what was $100,000 yesterday for $55,000. I&#039;m going to pull it off for a few days to see what&#039;s up with that 50% drop. </p><p><br /></p><p>What is unethical about that? Is it because even though I think that huge drop was an aberration, I usually sell at spot + 10% so I always should? Or is it because I sometimes tell people the economy is bad when I&#039;m buying silver? I mean, because I use that as one of my reasons for paying less than they would like I am therefore ethically obligated to use my usual formula even if the market is going crazy?</p><p><br /></p><p>This just makes no sense to me at all.[/QUOTE]</p><p><br /></p>

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