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Gold is over $1700 an ounce, but LCSes forbidden to do business
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<p>[QUOTE="InfleXion, post: 4346354, member: 29012"]Some coin shops are able to remain open by appointment only, and notify preferred customers when shiny comes in, but very few are doing so. They can still get COMEX bars for big spenders. The problem with supply is that everybody is set on eagles which are grossly overpriced. Generic is the way to go right now IMO.</p><p><br /></p><p>Whether to sell now, maybe if you think you can buy in for cheaper soon, but don't expect these prices to last into 2021. The economy on hold means less supply and less demand which means velocity is getting crushed which means deflation is coming, deflation that will bankrupt the banking system and their leveraged assets. Why else would the Fed create nearly 10 trillion dollars in a month but to save their skin. We'll get a pittance, but it's not being done for the people. In the end it will cause stagflation and possibly hyperinflation, and if you don't get your metal before that you'll be priced out of the market.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 4346354, member: 29012"]Some coin shops are able to remain open by appointment only, and notify preferred customers when shiny comes in, but very few are doing so. They can still get COMEX bars for big spenders. The problem with supply is that everybody is set on eagles which are grossly overpriced. Generic is the way to go right now IMO. Whether to sell now, maybe if you think you can buy in for cheaper soon, but don't expect these prices to last into 2021. The economy on hold means less supply and less demand which means velocity is getting crushed which means deflation is coming, deflation that will bankrupt the banking system and their leveraged assets. Why else would the Fed create nearly 10 trillion dollars in a month but to save their skin. We'll get a pittance, but it's not being done for the people. In the end it will cause stagflation and possibly hyperinflation, and if you don't get your metal before that you'll be priced out of the market.[/QUOTE]
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Gold is over $1700 an ounce, but LCSes forbidden to do business
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