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Gold $1,020.00, Silver $21.00 can it be?.
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<p>[QUOTE="CoinGal07, post: 414629, member: 8843"]I agree. However, I stopped by my favorite coin shop today and the owner said 'he' is doing more buying than selling. Weird. He said he sees this time after time - when the prices are falling the sellers come out of the woodwork. AS the market shifts and the prices start heading back up, the buyers replace the sellers. It's as if all of the logic of 'buy low, sell high' goes out the window and is replaced by 'it's getting high,need to buy now before it goes higher.'</p><p> </p><p>On the other hand - this has been such a drastic drop so fast, none of the dealers seem willing to part with it as quickly as they did when it was higher. Usually they go 50 cents to a few dollars over spot for silver or gold. Right now it's running $50 to $80 over spot because 'that's what they're in it for & can't let it go'. </p><p> </p><p>So ... that may be why more sellers than buyers. Just IMHO.[/QUOTE]</p><p><br /></p>
[QUOTE="CoinGal07, post: 414629, member: 8843"]I agree. However, I stopped by my favorite coin shop today and the owner said 'he' is doing more buying than selling. Weird. He said he sees this time after time - when the prices are falling the sellers come out of the woodwork. AS the market shifts and the prices start heading back up, the buyers replace the sellers. It's as if all of the logic of 'buy low, sell high' goes out the window and is replaced by 'it's getting high,need to buy now before it goes higher.' On the other hand - this has been such a drastic drop so fast, none of the dealers seem willing to part with it as quickly as they did when it was higher. Usually they go 50 cents to a few dollars over spot for silver or gold. Right now it's running $50 to $80 over spot because 'that's what they're in it for & can't let it go'. So ... that may be why more sellers than buyers. Just IMHO.[/QUOTE]
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Gold $1,020.00, Silver $21.00 can it be?.
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