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<p>[QUOTE=&quot;mikenoodle, post: 451316, member: 307&quot;]Not reflective of reality or not reflective of what they paid for them?</p><p><br /></p><p>I hate when this happens... dealers who paid too much for something refusing to take the loss on an item that they overpaid for in order to sell it. When these dealers owned gold at $350/oz, they had no problem charging $600 because that was the spot price, now they don&#039;t want to sell it at spot because that means that they will take a loss on the coins.</p><p><br /></p><p>This is their prerogative, but it is a dangerous attitude to take. So now they hold on to the inventory, and don&#039;t have the cash to spend on other things that they could sell while waiting for the spot price to recover. Businesses makes these kind of decisions every day. Some of them will survive, others won&#039;t. In many cases it is wise to cut your losses and move on. Carrying inventory is a cost of doing business and some can afford to do it better than others.</p><p><br /></p><p>To some of these dealers, the decision to carry this inventory will determine whether or not they stay in business. Personally, I understand the regret of overpaying for something, but mistakes are something that people make every day and compounding the mistake of overpaying for gold by holding it until it is worth what it cost may prove to be a bigger loss than just selling it and moving on to items that will actually sell at a profit.[/QUOTE]</p><p><br /></p>

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