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<p>[QUOTE="dmccarty, post: 449034, member: 16058"]Hi Drusus - as I said, I really do understand. To address a few of your key points as noted</p><p> </p><p><br /></p><p> </p><p> </p><p>1. Even though the premium is high, many people still think bullion is the best place to store their wealth right now... I have seen some folks comparing prices over the last 100 years (adjusted for inflation, etc) who consistently say that silver and gold are actually at unheard of lows (even with the premiums) and compare it to a compressed spring... ready to expand rapidly and violently upwards.. That's what people smarter than me are saying about it. These folks also really take into account that the Spot Price is unreasonably low, because of the paper market manipulation that has happened. They often refer to Ebay prices (much higher most of the time BTW) as a "more realistic free market price" than the spot price.</p><p> </p><p>2. Krugerrands - we have some and get some from time to time. Not in the volume that we did before, and as soon as we put them on the site - they are picked up really fast. The Krugs USED to be as you mentioned - but that time is gone - at least for now. One reason the market had "so many" was that investors were constantly shifting their postitions - keeping the Krug markets liquid...now though, people are hoarding and not shifting positions. You mentioned Sellers and Suppliers - that is the missing component right now.. which dicates, lower supply, high demand = higher prices.</p><p> </p><p>3. The high premiums are not necessarily on all levels. As I mentioned, we recently paid $5 over for SAEs, then sold them at $6 - making $1, which is respectable and honest. </p><p> </p><p>4. People are buying - like crazy in fact, despite the prices. I think this is a testament to how bad the "feeling" is about the stock market, despite the rhetoric.</p><p> </p><p>5. No hard feelings Drusus. I know you are frustrated and needed to vent. I completely get it. I know that other people have some similar concerns. I'm just glad that in an open forum like this, we can discuss the issues, be open and honest and help everyone else out too.[/QUOTE]</p><p><br /></p>
[QUOTE="dmccarty, post: 449034, member: 16058"]Hi Drusus - as I said, I really do understand. To address a few of your key points as noted 1. Even though the premium is high, many people still think bullion is the best place to store their wealth right now... I have seen some folks comparing prices over the last 100 years (adjusted for inflation, etc) who consistently say that silver and gold are actually at unheard of lows (even with the premiums) and compare it to a compressed spring... ready to expand rapidly and violently upwards.. That's what people smarter than me are saying about it. These folks also really take into account that the Spot Price is unreasonably low, because of the paper market manipulation that has happened. They often refer to Ebay prices (much higher most of the time BTW) as a "more realistic free market price" than the spot price. 2. Krugerrands - we have some and get some from time to time. Not in the volume that we did before, and as soon as we put them on the site - they are picked up really fast. The Krugs USED to be as you mentioned - but that time is gone - at least for now. One reason the market had "so many" was that investors were constantly shifting their postitions - keeping the Krug markets liquid...now though, people are hoarding and not shifting positions. You mentioned Sellers and Suppliers - that is the missing component right now.. which dicates, lower supply, high demand = higher prices. 3. The high premiums are not necessarily on all levels. As I mentioned, we recently paid $5 over for SAEs, then sold them at $6 - making $1, which is respectable and honest. 4. People are buying - like crazy in fact, despite the prices. I think this is a testament to how bad the "feeling" is about the stock market, despite the rhetoric. 5. No hard feelings Drusus. I know you are frustrated and needed to vent. I completely get it. I know that other people have some similar concerns. I'm just glad that in an open forum like this, we can discuss the issues, be open and honest and help everyone else out too.[/QUOTE]
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