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<p>[QUOTE="medoraman, post: 1687082, member: 26302"]Maybe it depends on geography. Last weekend at a show I noticed they still were trying to get $32 for an ASE, and 22-23x for junk. They had quite a bit of inventory though, just higher, (too high), of prices. I just checked <a href="http://www.comparesilverprices.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.comparesilverprices.com" rel="nofollow">www.comparesilverprices.com</a> and bags there are going for under 21x face at this moment.</p><p><br /></p><p>I agree buying physical PM in a declining market is very tricky. Many dealers are counting on people not keeping up with prices, so keep their prices high. Also, to be fair, not a lot of people are rushing to sell. Another thing going on is dealers are hesitant to place orders to restock for fear its going down further.</p><p><br /></p><p>So, against that backdrop, you have to be extremely careful. Myself, I think the internet will help a LOT, since now you can deal direct with large sellers of this product, and avoid being locked into only paying local dealers prices. I would use those websites, like <a href="http://www.comparesilverprices.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.comparesilverprices.com" rel="nofollow">www.comparesilverprices.com</a> in such an environment more than ever. Btw, I have no connection with the site, I only mention them because I think its a terrific way of comparing premiums quickly.</p><p><br /></p><p>Almost everything is working against a PM buyer in a down market. Do your research and don't get taken.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1687082, member: 26302"]Maybe it depends on geography. Last weekend at a show I noticed they still were trying to get $32 for an ASE, and 22-23x for junk. They had quite a bit of inventory though, just higher, (too high), of prices. I just checked [url]www.comparesilverprices.com[/url] and bags there are going for under 21x face at this moment. I agree buying physical PM in a declining market is very tricky. Many dealers are counting on people not keeping up with prices, so keep their prices high. Also, to be fair, not a lot of people are rushing to sell. Another thing going on is dealers are hesitant to place orders to restock for fear its going down further. So, against that backdrop, you have to be extremely careful. Myself, I think the internet will help a LOT, since now you can deal direct with large sellers of this product, and avoid being locked into only paying local dealers prices. I would use those websites, like [url]www.comparesilverprices.com[/url] in such an environment more than ever. Btw, I have no connection with the site, I only mention them because I think its a terrific way of comparing premiums quickly. Almost everything is working against a PM buyer in a down market. Do your research and don't get taken.[/QUOTE]
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