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<p>[QUOTE="medoraman, post: 4266536, member: 26302"]Fair point about collective demand. But it collective and transactional. A bullion dealer is not risking 10 years of profits by overcharging a small random customer. A large customer, like a solar cell manufacturer, will remember for a long time, and refuse to do business with you, for a long time, if you hose him in a crisis. I have lived it. I still have vendors I prohibit buying anything from, in categories my firm buys 20 million dollars worth a year. </p><p><br /></p><p>So, the large, daily users of a material get best price/best service. They pay market price. A group of 25,000 small buyers who come and go into the market frequently will always get the short end of the shaft. This is simply because even if a dealer takes care of them, there is no guarantee that buyer will buy every month for years. I am betting that HSN and others who buy ASEs every month from major dealers are not paying such premiums right now. So even in the coin market, there are major players getting normal prices today, but the small fry are getting taken to the cleaners on premiums.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4266536, member: 26302"]Fair point about collective demand. But it collective and transactional. A bullion dealer is not risking 10 years of profits by overcharging a small random customer. A large customer, like a solar cell manufacturer, will remember for a long time, and refuse to do business with you, for a long time, if you hose him in a crisis. I have lived it. I still have vendors I prohibit buying anything from, in categories my firm buys 20 million dollars worth a year. So, the large, daily users of a material get best price/best service. They pay market price. A group of 25,000 small buyers who come and go into the market frequently will always get the short end of the shaft. This is simply because even if a dealer takes care of them, there is no guarantee that buyer will buy every month for years. I am betting that HSN and others who buy ASEs every month from major dealers are not paying such premiums right now. So even in the coin market, there are major players getting normal prices today, but the small fry are getting taken to the cleaners on premiums.[/QUOTE]
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