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<p>[QUOTE=&quot;Drusus, post: 449101, member: 6370&quot;]I tend to agree with the dictionary definition of gouging which is what I posted.</p><p>&nbsp;</p><p>&#039;Overcharge means you ended up paying more than the original agreed upon price.&#039;</p><p>&nbsp;</p><p>Overcharging is defined as <i><b>To charge (a party) an excessive price for something.</b></i></p><p>&nbsp;</p><p>There is no need to have a previously agreed upon price (but certainly a standard) or a monopoly...its a bit subjective I know as &#039;too much&#039; is often relative but it simply means charging more than what is considered reasonable. When you are talking gold bullion, I have always approached it as, buying the gold with a bit of a service charge...its not a bit any more. I believe that the premiums are excessive and I am far from the only one. But maybe, like was said above, they know something I dont know...To me paying something like 10 percent (give or take) on gold bullion is high.</p><p>&nbsp;</p><p>When I buy gold I, of course, record what I bought it for and when and what spot was and I usually try to buy when its down. Spot seems to consistently averaging higher as time goes by. Nature of the beast I know but I do watch and try to catch it in a dip, those dips dont go as low..to be expected. I cant say that I agree that gold is at an all time low, but I DO understand why people are gold rushing...not at these prices though. How much of a percentage higher becomes gouging...dont know...</p><p>&nbsp;</p><p>Without doubt, a whole industry can gouge.. or those who supply an industry can gouge which can cause gouging down the line. Sure there are many sellers but there are far less people supplying the sellers beside selling and buy from people like me. It doesn&#039;t mean people cant hike prices to a point that a consensus can be made that, as an industry, they are gouging. It happens all the time in my industry,oil and gas, as with other industries. I am constantly being told I am gouging, and I work in a service tool capacity!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Is ampex gouging? I guess it matters if you think the price they are charging above market (or even above cost) is reasonable and why its so high, the factors that made it go so high. My main point is whether there is, indeed, not enough to meet demand or simple profiteering (I know, free market, their right to charge whatever they wish). Is apmex buying its gold at a much higher price now because their suppliers are selling to THEM higher? Or are they just jacking the price up because they know they can sell it at such a premium as evidenced by the rush to buy at any price above spot? Or is it a mix...suppliers selling less for more, apmex not getting as good of price AND hiking prices themselves because of the rush? </p><p>&nbsp;</p><p>I understand apmex and all other sellers like them are a businesses and want to make profits, the question of gouging enters when they are windfall because of extremely inflated prices (and lets face it, the prices are far higher premiums across the board) It all matters why prices skyrocket...genuine or contrived. On that I am still less than clear.</p><p>&nbsp;</p><p>As for the &#039;people in the know&#039; or people who seem to know a lot about these things, certainly I hear from them quite often, there were a lot of people who would tell you they know what&#039;s going to happen next week with any given stock...what actually happens next week can not be predicted as evidence by them losing their shirts...So people who say they are in the know, might not know much at all sometimes and he might be the guy losing his shirt tomorrow. I AM interested in the point of view of Apmex and others like them, if it were an honest and transparent view, like how much they are paying and how much higher are profits because of it...</p><p>&nbsp;</p><p>I believe at most times (those times I am in the market for some gold) apmex has a good supply at good prices. I have a good stash so I dont need to buy, just got a little more actively thinking about it as I saw gold going down after the last peak and noticed the change. I will probably wait and see...if gold is about to skyrocket then I might even sell off a few...at a little lower than what places like apmex are selling for <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> If and when it settles a bit I might start buying again. Sorry, I started this thread just to ***** a bit <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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