Message:

<p>[QUOTE=&quot;beef1020, post: 2500194, member: 24544&quot;]Your missing the point.&nbsp; He is arguing that the macro credit conditions in this environment are artificially inflating that 10 million asset valuation, and if/when those credit conditions return to a more normal level those assets will be worth a much smaller fraction of their current value.&nbsp; Or to give an example, say I have assets of 10 million dollars and liabilities of 4 million for a net worth of 6 million, so I put 300,000k into coins. Four years later those assets are only worth 3 million with 3.75 million in liability, and now I really need to sell those coins either in bankruptcy court or for cash flow reasons.&nbsp; Selling non-fungible, illiquid assets quickly to cover cash flow is how discounts are made.&nbsp; But the OP is a pawn broker, so I assume he&#039;s familiar with that scenario...[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in