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<p>[QUOTE="Slider, post: 1729144, member: 44205"]Even if a dealer wasn't properly hedged and is now sitting on an inventory of expensive bullion, it's not as though they can't go out right now and buy at current prices and start selling new inventory, making money in the process. </p><p><br /></p><p>I asked my dealer over the weekend for a price on ASEs. He responded with "$34, sorry." He went on to tell me that if I wanted a roll instead of a couple, he could give me a much better price, since he could buy at today's prices. I told him he could buy the roll, sell me a couple, and them move the rest in his shop. He said he could, but he wouldn't. </p><p><br /></p><p>I don't get it. I know he's tied up in pricey metal at the moment, but he's still taking some in here and there, and can stil run his business with a simple infusion of new capital to add inventory at lower prices. I think too many dealers operate with the heart of a collector instead of the head of a businessman.[/QUOTE]</p><p><br /></p>
[QUOTE="Slider, post: 1729144, member: 44205"]Even if a dealer wasn't properly hedged and is now sitting on an inventory of expensive bullion, it's not as though they can't go out right now and buy at current prices and start selling new inventory, making money in the process. I asked my dealer over the weekend for a price on ASEs. He responded with "$34, sorry." He went on to tell me that if I wanted a roll instead of a couple, he could give me a much better price, since he could buy at today's prices. I told him he could buy the roll, sell me a couple, and them move the rest in his shop. He said he could, but he wouldn't. I don't get it. I know he's tied up in pricey metal at the moment, but he's still taking some in here and there, and can stil run his business with a simple infusion of new capital to add inventory at lower prices. I think too many dealers operate with the heart of a collector instead of the head of a businessman.[/QUOTE]
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