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<p>[QUOTE="medoraman, post: 1680295, member: 26302"]Because this is false logic. Not saying its not prevalent thought, but still false. </p><p><br /></p><p>The coin store loses money every day silver goes down. They make money every day it goes up. They may not see it on an invoice, but its true. </p><p><br /></p><p>Do you think if they bought it at $30 silver they should sell based on $30 silver? If you do, that is your opinion, but do you REALLY think they will sell based upon $30 silver if the price spiked up to $40? No? Kind of unfair isn't it? You are saying you are fine with them making all of the profit, but making the buyers take all of the losses.</p><p><br /></p><p>The problem with "holding it until it goes back up to $30" would be:</p><p><br /></p><p>1. Maybe they have cash flow needs before then</p><p>2. Most buyers will not buy if they are out of line price wise</p><p>3. What if it DOESN'T go back up for a few years? </p><p><br /></p><p>Businesses need to turn inventory. They are not in the long term buy and hold business. If they were, they do not need to own a store. </p><p><br /></p><p>Now, against this backdrop people should simply comparison shop harder. It is true many dealers are still trying to charge based upon the market they bought it at. Don't let them make YOU pay for their losses, since by gosh they would not be returning the favor and letting you buy at $30 if today's silver price were $40. </p><p><br /></p><p>Why be a sucker?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1680295, member: 26302"]Because this is false logic. Not saying its not prevalent thought, but still false. The coin store loses money every day silver goes down. They make money every day it goes up. They may not see it on an invoice, but its true. Do you think if they bought it at $30 silver they should sell based on $30 silver? If you do, that is your opinion, but do you REALLY think they will sell based upon $30 silver if the price spiked up to $40? No? Kind of unfair isn't it? You are saying you are fine with them making all of the profit, but making the buyers take all of the losses. The problem with "holding it until it goes back up to $30" would be: 1. Maybe they have cash flow needs before then 2. Most buyers will not buy if they are out of line price wise 3. What if it DOESN'T go back up for a few years? Businesses need to turn inventory. They are not in the long term buy and hold business. If they were, they do not need to own a store. Now, against this backdrop people should simply comparison shop harder. It is true many dealers are still trying to charge based upon the market they bought it at. Don't let them make YOU pay for their losses, since by gosh they would not be returning the favor and letting you buy at $30 if today's silver price were $40. Why be a sucker?[/QUOTE]
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