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Can someone help me understand the ASE economics?
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<p>[QUOTE="TheFinn, post: 3247643, member: 90102"]The pieces sold early in the year have a pretty high margin build into them, because everyone wants to get the new Eagles for the year. If they do have some left over, and the price of silver has dropped below what they paid for them, they don't really care, because the price on the new 2019's will be lower too. So selling the old ones at $2 over spot, and paying $2 over spot for the new ones is a wash.[/QUOTE]</p><p><br /></p>
[QUOTE="TheFinn, post: 3247643, member: 90102"]The pieces sold early in the year have a pretty high margin build into them, because everyone wants to get the new Eagles for the year. If they do have some left over, and the price of silver has dropped below what they paid for them, they don't really care, because the price on the new 2019's will be lower too. So selling the old ones at $2 over spot, and paying $2 over spot for the new ones is a wash.[/QUOTE]
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