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<p>[QUOTE="desertgem, post: 1537533, member: 15199"]If you can buy a coin at spot that satisfy you, then when you sell it, you can try to ask spot plus $3 or whatever. But it is hard to find PM at spot when the trend is up and it is hard to find someone to pay premium or even buy at spot when the trend is down. </p><p><br /></p><p>That is why most people who buys bullion without understanding the driection and reasons that prices are what they are. Why the trend is strong upward, the board is loaded with newbies wanting to buy, and they will have to pay large premiums, but then if the prices turn down, they post something like " I hope it keeps going down so I can back up the truck", but usually they don't so they are always chasing.</p><p><br /></p><p>A person should buy when prices are going down and then start to sell if the pass your average cost ont he way up, and repeat over and over. Hard to do. It is easy to not buy as prices are down , and to justify buying when gold or silver is going up 10% or more in a month. IMO.</p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1537533, member: 15199"]If you can buy a coin at spot that satisfy you, then when you sell it, you can try to ask spot plus $3 or whatever. But it is hard to find PM at spot when the trend is up and it is hard to find someone to pay premium or even buy at spot when the trend is down. That is why most people who buys bullion without understanding the driection and reasons that prices are what they are. Why the trend is strong upward, the board is loaded with newbies wanting to buy, and they will have to pay large premiums, but then if the prices turn down, they post something like " I hope it keeps going down so I can back up the truck", but usually they don't so they are always chasing. A person should buy when prices are going down and then start to sell if the pass your average cost ont he way up, and repeat over and over. Hard to do. It is easy to not buy as prices are down , and to justify buying when gold or silver is going up 10% or more in a month. IMO. Jim[/QUOTE]
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