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<p>[QUOTE="Prime Mover, post: 1645502, member: 38783"]Some folks, especially those that either have money to spare, or who normally buy from the TV hucksters may think that price is very reasonable and be willing to pay it. Us, we know better so we won't but at shows you have all kinds of folks. For instance, take a parent or grandparent who takes their child/grandchild to the show with them. They see a nice silver round, and the kid wants it, so they shell out the money for just the one. It may be a one time purchase, and for someone who doesn't know the current melt value of silver like we do is more inclined to pay it. Now, they won't sell a lot that way, but I can understand them wanting that price since they will indeed lose money if sold for less... they're hoping it comes back up to resell for at least what they bought it for.</p><p> </p><p><br /></p><p>Ask those who did the same during the spike to $50. The large dealers are constantly moving volume, and thus are less susceptible to daily movement of the price, and will always be able to sell and buy at whatever price. Even at $50 a few years back there were buyers - those new to the game who didn't know the history, those with extra money to throw at it, etc.</p><p><br /></p><p>And that's why those looking to flip it are usually on the losing end of the stick, just like those looking to make a quick buck day trading stocks. Those who are in for the long haul, using it as a hedge, wealth preservation, those who can stand smaller fluctuations for the longer outlook are the ones who make out the best.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1645502, member: 38783"]Some folks, especially those that either have money to spare, or who normally buy from the TV hucksters may think that price is very reasonable and be willing to pay it. Us, we know better so we won't but at shows you have all kinds of folks. For instance, take a parent or grandparent who takes their child/grandchild to the show with them. They see a nice silver round, and the kid wants it, so they shell out the money for just the one. It may be a one time purchase, and for someone who doesn't know the current melt value of silver like we do is more inclined to pay it. Now, they won't sell a lot that way, but I can understand them wanting that price since they will indeed lose money if sold for less... they're hoping it comes back up to resell for at least what they bought it for. Ask those who did the same during the spike to $50. The large dealers are constantly moving volume, and thus are less susceptible to daily movement of the price, and will always be able to sell and buy at whatever price. Even at $50 a few years back there were buyers - those new to the game who didn't know the history, those with extra money to throw at it, etc. And that's why those looking to flip it are usually on the losing end of the stick, just like those looking to make a quick buck day trading stocks. Those who are in for the long haul, using it as a hedge, wealth preservation, those who can stand smaller fluctuations for the longer outlook are the ones who make out the best.[/QUOTE]
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