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<p>[QUOTE=&quot;InfleXion, post: 2252018, member: 29012&quot;]I am not talking about past downtrends. I am talking about the next potential downtrend. The current price of physical metal is not going to go down with spot price with exception to newly minted generic bullion insomuch as private mints can bring it to market. Eagles, maples, libertads, etc. have not gotten any cheaper the last few months regardless of what spot price does, and these mints have had to ration their output to ensure future supply can come to market. People who are holding metal aren&#039;t going to sell when the price goes down, so you are reliant on whatever new metal production comes to market for any potential discount. </p><p><br /></p><p>Say what you want about eagles. The fact is they are legal tender in the US. That&#039;s a pretty valid reason to have them in my opinion if you are a US resident. For Canadians the same case can be made for maples. I can find them for $18 but I should have clarified I was referring to online retailers for not listing at less than $20. That&#039;s irrelevant anyway. My point is that dealers are not lowering their prices, whether the particular dealer charges $18 or $20 or $22. The physical market price has not dropped with the spot price for many months.</p><p><br /></p><p>Feel free to wait for the next downturn which I agree is likely coming, but don&#039;t expect to get a better deal on bullion. You <i>might</i> be able to get a better deal, but it&#039;s not a guarantee. I also don&#039;t think another downtrend is a foregone conclusion since the Fed could very well choose QE4 and hyperinflation. Or if we are right about a downtrend, that could lead to default and a situation where fiat currency doesn&#039;t buy anything. You could be doing a great disservice to someone who has yet to establish their core positoin by telling them to wait. Of course, it could be an equal disservice by telling someone to buy. It&#039;s a lot of responsibility to claim you know best, and in the absence of having a crystal ball any rational person would temper their expectations.</p><p><br /></p><p>It&#039;s strange how much faith you put in the paper price for someone who constantly harps on its falsehood. Have you taken the time to look at the registered inventories on the exchanges? It only works as long as there is metal in the vaults.[/QUOTE]</p><p><br /></p>

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