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<p>[QUOTE=&quot;GDJMSP, post: 1729488, member: 112&quot;]That is the reason. And it happens all the time with coins. But most folks don&#039;t notice that it is happening with coins because while one coin drops in price others may hold, or even rise. And prices for individual coins are not well publicized. They only begin to notice really when the coin market as a whole drops.</p><p><br /></p><p>With the spot price of silver or gold it&#039;s different because the spot price applies to all silver and gold, and it is very well publicized. So everybody notices right away when sellers are still offering their gold &amp; silver at prices well above spot long after the price has dropped. And you can&#039;t blame them for trying.</p><p><br /></p><p>Think about it. If you bought a 1,000 ounces of silver and paid $30/oz for it, if the spot price suddenly dropped to say $20/oz, are you going to try and sell your silver and take an automatic 30% loss ? Not likely. The most likely scenario is that you are going to offer it at a break even price, hoping to get lucky and get out. Or, you may hold and hope to get lucky and see the spot price rise again.</p><p><br /></p><p>Most people are always reluctant to take the loss when a market turns, so they hold out as long as they can, praying that they can sell and minimize their losses. Usually they end up holding out too long and maximizing their losses. But then that is human nature.[/QUOTE]</p><p><br /></p>

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