Message:

<p>[QUOTE=&quot;Drusus, post: 448998, member: 6370&quot;]well, I have been buying bullion for a bit and I cant say anything has been confirmed such as an &#039;inelastic supply&#039; :lol:...Me thinks its more like...look at the rush of buyers...we can make some extra cash before they scuttle back to the stock market (all the way down to the end buyer, myself)...and any end buyer with half a brain will not pay such prices for bullion, it just doesnt make much sense to...I can go throw a hundred bucks away at any time. I have never said the prices have to jive perfectly but I find it hard to believe anyone would even think of buying bullion at such mark up.</p><p>&nbsp;</p><p>&quot;In this case, the artificial price is the paper price and that&#039;s so far beneath the street price that no one is willing to sell.&quot;</p><p>&nbsp;</p><p>I tend to think its flipped...&#039;street price&#039; is inflated because of increased demand (I dont believe there is a shortage in supply at all, or any shortage is artificial) thus they ignore the paper price which is more realistic but not taking into consideration the increased demand that causes people to inflate prices... charge much more to make more...offset the fact that all the way down the line people are looking to make more to sell. Reminds me of the oil industry in which I work...where the price of gas expands more and more down the line and artificial elements cause price hikes that have little to do with the actual supply.</p><p>&nbsp;</p><p>Also, I dont understand where you get that there must be a monopoly to be able to gouge...price gouging is simply <b>to extort from, swindle, or overcharge</b>. If all sellers buy from a small amount of suppliers and all their prices are the same...and it inflated...its just gouging...there is no mention of a monopoly...because it doesnt need to exist.</p><p>&nbsp;</p><p>anyway..I&#039;ll wait it out. we&#039;ll see.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in