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PM's in a nose dive today
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<p>[QUOTE="avr5700, post: 1335693, member: 30063"]This effect is actually variable. I have two local shops that deal in PM to the tune of posting real time web pages showing their buy/sell prices. These track right along, dip or spike. One of these shops back in the spring during the big drop of the year had a line of folks wrapped around the corner of their building (small though it is), all people buying silver. The shop did not flinch at the volume, claiming to still be sitting on many years worth of reserve in 'vaults'. I tend to believe them too. I guess they acquired most of it at well less than $10, probably even less than half that so they see profit at every turn these days. So it's just luck of the draw whether you have a shop around that is a real market maker. I'm thankful to have that just a ten minute drive down the road.[/QUOTE]</p><p><br /></p>
[QUOTE="avr5700, post: 1335693, member: 30063"]This effect is actually variable. I have two local shops that deal in PM to the tune of posting real time web pages showing their buy/sell prices. These track right along, dip or spike. One of these shops back in the spring during the big drop of the year had a line of folks wrapped around the corner of their building (small though it is), all people buying silver. The shop did not flinch at the volume, claiming to still be sitting on many years worth of reserve in 'vaults'. I tend to believe them too. I guess they acquired most of it at well less than $10, probably even less than half that so they see profit at every turn these days. So it's just luck of the draw whether you have a shop around that is a real market maker. I'm thankful to have that just a ten minute drive down the road.[/QUOTE]
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