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Does somebody have a reasonable explanation for this?
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<p>[QUOTE="PeacePeople, post: 1188136, member: 20082"]It was posted in pending transactions on the 6th and was cleared on the 9th. (pended Fri and cleared Mon) So they had the money on the first possible day they could've shipped it. </p><p> </p><p>edit: I just checked my account and the posting is for the 6th so I did go off wrote memory. I placed the order at about 1am mountain time on the 6th and it is normal for the payment to clear my account on the next business day, which would be Monday.</p><p> </p><p>I'm not complaining, just stating the facts or "situation of business" PM dealers are in right now from my personal experiences.</p><p> </p><p>Many of you keep posting that they're holding out so they don't take a loss. I'll tell you right now that if they're doing that for this amount of time, 3 weeks, they might as well close up shop and forget it. You take a look at many of the online dealers that offer competitive pricing on 1 ounce govt coins, and private mint rounds and bars and you'll see that most have ship dates of mid-June or later. They don't have the inventory, and if they're sitting on their inventory with the short margins they work on, they have serious cash flow issues right now. They may have lived in fat city for the last few months, but not fat enough to sit on something they make 10% on, and face the fact that the replacement cost is way less than if they bought right at the end of April.</p><p> </p><p>Sometimes I wonder???[/QUOTE]</p><p><br /></p>
[QUOTE="PeacePeople, post: 1188136, member: 20082"]It was posted in pending transactions on the 6th and was cleared on the 9th. (pended Fri and cleared Mon) So they had the money on the first possible day they could've shipped it. edit: I just checked my account and the posting is for the 6th so I did go off wrote memory. I placed the order at about 1am mountain time on the 6th and it is normal for the payment to clear my account on the next business day, which would be Monday. I'm not complaining, just stating the facts or "situation of business" PM dealers are in right now from my personal experiences. Many of you keep posting that they're holding out so they don't take a loss. I'll tell you right now that if they're doing that for this amount of time, 3 weeks, they might as well close up shop and forget it. You take a look at many of the online dealers that offer competitive pricing on 1 ounce govt coins, and private mint rounds and bars and you'll see that most have ship dates of mid-June or later. They don't have the inventory, and if they're sitting on their inventory with the short margins they work on, they have serious cash flow issues right now. They may have lived in fat city for the last few months, but not fat enough to sit on something they make 10% on, and face the fact that the replacement cost is way less than if they bought right at the end of April. Sometimes I wonder???[/QUOTE]
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Does somebody have a reasonable explanation for this?
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