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<p>[QUOTE="GoldFinger1969, post: 19918897, member: 73489"]<b><i><span style="color: #ff0000">No, they are taking advantage of a MONOPOLY given to certain dealers.</span></i></b></p><p><br /></p><p>Let EVERYBODY have access to freshly-struck ASEs and see what happens to the premiums. I bet within 2 weeks it falls to $3 a coin or less.</p><p>The markups were 10% (or less!<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />) give-or-take for DECADES....now they are 30-40% ?</p><p><br /></p><p>Sorry, that doesn't add up.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p>No conspiracy, an evaluation of the market using the government's own past and current precedents. The same analysis they use to go after Microsoft, or Google/Alphabet, or any other company with "monopoly power."</p><p><br /></p><p><b><i>Do you think that if only FDA or USDA approved supermarkets could sell food that the markups wouldn't be 2-3-4-5x as high</i></b> ?</p><p><br /></p><p>This is a government-sanctioned oligopoly/monopoly that is EASILY ID'd as the cause and source of the premiums. It's not even a difficult case. No private actor would even ATTEMPT to get away with this, it's so blatant.</p><p><br /></p><p>Only the U.S. government would rip-off its citizens like this.</p><p><br /></p><p><b><span style="color: #ff0000">Here's one for you:</span></b> during the Covid emergency, testing was FREE to all Americans as the government reimbursed all doctors, hospitals, insurance plans, etc. <i>What do you think would have happened if all the doctors in a (rural) state said they were charging a $100 "testing surcharge" to cover incidentals, time, etc..??</i></p><p><br /></p><p>The government and media would be all over them within hours. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><i>So you're OK with these premiums tripling and staying that way for 3+ years ?</i></p><p><br /></p><p>Like I said, I don't buy ASEs but many here do and I think it's important they understand exactly what is going on. <b>Anybody here who is a financial investor and has tracked the bid-ask spread stuff the last 30 years knows what I am talking about. </b> Spreads used to be $0.25-$0.50 on lots of NASDAQ and OTC stocks, sometimes even on NYSE-listed issues. Now, 99% of them are pennies -- even 1/16th of a dollar (~ 6 cents) was too much for the government, even on a $50 or $100 stock (< 1/10th of 1% markup). </p><p><br /></p><p>Now the same government is saying that a 30-40% markup is all fine and dandy.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Again.....open up ASE re-selling to ALL authorized (verified) dealers...instead of a dozen or whatever, you'll have hundreds.</p><p><br /></p><p><b><span style="color: #0000ff">The premiums will fall to 5-7% in days.</span></b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 19918897, member: 73489"][B][I][COLOR=#ff0000]No, they are taking advantage of a MONOPOLY given to certain dealers.[/COLOR][/I][/B] Let EVERYBODY have access to freshly-struck ASEs and see what happens to the premiums. I bet within 2 weeks it falls to $3 a coin or less. The markups were 10% (or less!:D) give-or-take for DECADES....now they are 30-40% ? Sorry, that doesn't add up.:eek: No conspiracy, an evaluation of the market using the government's own past and current precedents. The same analysis they use to go after Microsoft, or Google/Alphabet, or any other company with "monopoly power." [B][I]Do you think that if only FDA or USDA approved supermarkets could sell food that the markups wouldn't be 2-3-4-5x as high[/I][/B] ? This is a government-sanctioned oligopoly/monopoly that is EASILY ID'd as the cause and source of the premiums. It's not even a difficult case. No private actor would even ATTEMPT to get away with this, it's so blatant. Only the U.S. government would rip-off its citizens like this. [B][COLOR=#ff0000]Here's one for you:[/COLOR][/B] during the Covid emergency, testing was FREE to all Americans as the government reimbursed all doctors, hospitals, insurance plans, etc. [I]What do you think would have happened if all the doctors in a (rural) state said they were charging a $100 "testing surcharge" to cover incidentals, time, etc..??[/I] The government and media would be all over them within hours. :D [I]So you're OK with these premiums tripling and staying that way for 3+ years ?[/I] Like I said, I don't buy ASEs but many here do and I think it's important they understand exactly what is going on. [B]Anybody here who is a financial investor and has tracked the bid-ask spread stuff the last 30 years knows what I am talking about. [/B] Spreads used to be $0.25-$0.50 on lots of NASDAQ and OTC stocks, sometimes even on NYSE-listed issues. Now, 99% of them are pennies -- even 1/16th of a dollar (~ 6 cents) was too much for the government, even on a $50 or $100 stock (< 1/10th of 1% markup). Now the same government is saying that a 30-40% markup is all fine and dandy.:D [B][/B] Again.....open up ASE re-selling to ALL authorized (verified) dealers...instead of a dozen or whatever, you'll have hundreds. [B][COLOR=#0000ff]The premiums will fall to 5-7% in days.[/COLOR][/B] :cigar:[/QUOTE]
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