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How much does Ebay affect bullion prices?
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<p>[QUOTE="baseball21, post: 2451725, member: 76863"]The biggest impact the sellers on ebay have on the market is driving the resale price down on a lot of items. Common items on ebay are a pricing race to the bottom to see who can sell it the cheapest so people buy that one instead of the hundreds of other listings. </p><p><br /></p><p>As far as spot price the sellers there have a minimal impact at best. It is just another selling venue for them and the guys big enough to actually have some impact were already moving massive amounts on their own sites and through other venues. As far as bullion goes most people are just looking for the lowest price, sometimes it is ebay with ebay bucks other times it is their direct site. </p><p><br /></p><p>The sellers on ebay certainly have a pretty noticeable impact on market prices for resale but I would say the movement of spot has a much greater influence on sales there than sales have on the movement of spot.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2451725, member: 76863"]The biggest impact the sellers on ebay have on the market is driving the resale price down on a lot of items. Common items on ebay are a pricing race to the bottom to see who can sell it the cheapest so people buy that one instead of the hundreds of other listings. As far as spot price the sellers there have a minimal impact at best. It is just another selling venue for them and the guys big enough to actually have some impact were already moving massive amounts on their own sites and through other venues. As far as bullion goes most people are just looking for the lowest price, sometimes it is ebay with ebay bucks other times it is their direct site. The sellers on ebay certainly have a pretty noticeable impact on market prices for resale but I would say the movement of spot has a much greater influence on sales there than sales have on the movement of spot.[/QUOTE]
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