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<p>[QUOTE=&quot;medoraman, post: 1248008, member: 26302&quot;]I was in the largest coin store in Des Moines 2 days after silver dropped in 1980. The phone would ring and ring, and the two dealers ignored it. There is a downside to physical bullion, that is ability to sell. In a falling market the dealers do not want to own it any more than you do, so they either discount more heavliy from spot or simply say no. That is the advantage of securities, there are market makers who do provide that liquidity to the market.</p><p><br /></p><p>This failure of the physical market, along with the high costs involved, is precisely why the paper PM market was created to begin with. Jim is completely right that dealers will not be willing to buy your gold until they feel the freefall is over, (if it starts to begin with, whihc I am not predicting).</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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