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<p>[QUOTE=&quot;krispy, post: 1074644, member: 19065&quot;]Your comment then was very basic, just to say that you only buy gold from your local dealer with whom you have experience and trust with. You are suspicious of machines dispensing precious metals because you in fact defer some degree of knowledge in the transaction (buying PMs ) to your dealer whereas the impersonal nature of the vending machine disconcerts your rationality and trust in your own knowledge of buying PMs in the transaction. </p><p><br /></p><p>A machine is infinitely more rational than a human and humans are infinitely more likely to be the cause of mechanical issues involving the machine, the ones setting the prices at which the machines dispense product and themselves prone to error and emotion. Humans are especially prone to emotion when it comes to money and investing. Their ability not to be emotional is often heightened when it involves the desire for physical precious metals. We stop at red lights and obey traffic signals without thinking, even when rationally no risk exists and we could proceed before the green light tells us to do so, rationally. We don&#039;t see people demanding all intersections be staffed by authorities to waive us through safely because people distrust a mechanical system in place. Do you buy cans of soda in vending machines too or only from the cheapest retailer you can find them from? Some of that mark up covers the costs of operation, security, maintenance, location rental and the convenience of bringing the product to you in this fashion, none of which is a conspiracy but rather the cost of doing business.</p><p><br /></p><p>The important thing to consider is what is the machine selling and how much is it selling for. If you understand the precious metals market and what convenience you are paying for, once you have decided that the price is right or wrong for you, that is all that matters. Not suspicion of the device or whom to trust. A human with more knowledge than the next guy can cheat you when you defer your trust to them just as easily as can a machine set to solicit peoples money through convenience and gimmicks can cheat you if you don&#039;t posses the same knowledge you need to have even when buying from your local trusted dealer. Without the proper knowledge one shouldn&#039;t be buying precious metals period. There is no reason to blame a lack of knowledge on machines or people who implement them just because we do not know them.[/QUOTE]</p><p><br /></p>

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