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<p>[QUOTE="medoraman, post: 1694034, member: 26302"]I look at the situation the other way. I see the current situation, which was predicted well in advance, as a schooling on the limitations of the physical market. When selling, dealer will not sell to you for what they feel is "too low" in their minds, yet will still reference the market when its high. When buying they will pay the market today, but when its high or they are afraid its falling they pay well back of that. Basically, they will point to the market for pricing whe n it suits them, but ignore the market when "its different now". </p><p><br /></p><p>PM is a good way to make money if you are the dealer, but as a buyer it simply feels profits are the dealers, but the losses are the buyers. Its always been that way, which i would not but pm with money i wioo need in the next decade. Way too high transaction costs.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1694034, member: 26302"]I look at the situation the other way. I see the current situation, which was predicted well in advance, as a schooling on the limitations of the physical market. When selling, dealer will not sell to you for what they feel is "too low" in their minds, yet will still reference the market when its high. When buying they will pay the market today, but when its high or they are afraid its falling they pay well back of that. Basically, they will point to the market for pricing whe n it suits them, but ignore the market when "its different now". PM is a good way to make money if you are the dealer, but as a buyer it simply feels profits are the dealers, but the losses are the buyers. Its always been that way, which i would not but pm with money i wioo need in the next decade. Way too high transaction costs.[/QUOTE]
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