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never sell your bullion to a dealer for under spot!
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<p>[QUOTE="medoraman, post: 1733318, member: 26302"]Think about it. If that dealer was holding that silver last weekend, how well has that purchase turned out for him? </p><p><br /></p><p>Like others have said, a dealer is providing liquidity, (cash right now), and taking the risk of being able to resell higher. Don't like it? Take the risk, sell it yourself, and wait for payment. You ever think how much risk a dealer takes?</p><p><br /></p><p>1. What if the PM is fake?</p><p>2. What if the customer pays in fake money or a bad check?</p><p>3. How much does it cost to attract customers to sell to?</p><p>4. WHat if the market tanks in the meantime?</p><p><br /></p><p>All of those things, plus little things like a landlord wanting a rent check and those pesky power companies wanting money. All of these things have to be satisfied before the dealer sees a DIME. </p><p><br /></p><p>So no, I do not view $1.50 under for bullion pieces, (especially in this market), to be unfair at all. If you can do better, and do not need the money right away, feel free to do so.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1733318, member: 26302"]Think about it. If that dealer was holding that silver last weekend, how well has that purchase turned out for him? Like others have said, a dealer is providing liquidity, (cash right now), and taking the risk of being able to resell higher. Don't like it? Take the risk, sell it yourself, and wait for payment. You ever think how much risk a dealer takes? 1. What if the PM is fake? 2. What if the customer pays in fake money or a bad check? 3. How much does it cost to attract customers to sell to? 4. WHat if the market tanks in the meantime? All of those things, plus little things like a landlord wanting a rent check and those pesky power companies wanting money. All of these things have to be satisfied before the dealer sees a DIME. So no, I do not view $1.50 under for bullion pieces, (especially in this market), to be unfair at all. If you can do better, and do not need the money right away, feel free to do so.[/QUOTE]
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never sell your bullion to a dealer for under spot!
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