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<p>[QUOTE="cicero, post: 424954, member: 15650"]PocketChange,</p><p>Dealers are a lot like oil companies. Prices shoot up quickly for gasoline, but they only slowly drift back down when the underlying comodity sinks in price. Some keep hoping against hope that the boom will continue. Others <b><i>bought</i></b> all that silver at such high prices that they don't want to admit (housing boom anyone?) that they overpaid for something that's not worth what they're now asking.</p><p> </p><p>I've noticed the same thing. Silver's nearly been cut in half since Feb/Mar (thanks for the charts andy21us!!), but dealers still price things like it's $20/oz. Don't worry, if the prices stay here or drift lower, it may be several months, but they'll eventually come back down to planet earth with the rest of us.</p><p> </p><p>I remember the same thing happening in 1980-82. Metals prices declined dramatically, but you still couldn't buy a Morgan dollar at a dealer's shop for less than $40 as late as 1983.</p><p> </p><p>Personally, I hope it drops for the next couple of years so I can get a chance to load up! It'll definitely be a good investment for the next decade. Just don't look for prices to come down until later this year.[/QUOTE]</p><p><br /></p>
[QUOTE="cicero, post: 424954, member: 15650"]PocketChange, Dealers are a lot like oil companies. Prices shoot up quickly for gasoline, but they only slowly drift back down when the underlying comodity sinks in price. Some keep hoping against hope that the boom will continue. Others [B][I]bought[/I][/B] all that silver at such high prices that they don't want to admit (housing boom anyone?) that they overpaid for something that's not worth what they're now asking. I've noticed the same thing. Silver's nearly been cut in half since Feb/Mar (thanks for the charts andy21us!!), but dealers still price things like it's $20/oz. Don't worry, if the prices stay here or drift lower, it may be several months, but they'll eventually come back down to planet earth with the rest of us. I remember the same thing happening in 1980-82. Metals prices declined dramatically, but you still couldn't buy a Morgan dollar at a dealer's shop for less than $40 as late as 1983. Personally, I hope it drops for the next couple of years so I can get a chance to load up! It'll definitely be a good investment for the next decade. Just don't look for prices to come down until later this year.[/QUOTE]
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