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<p>[QUOTE=&quot;krispy, post: 2031686, member: 19065&quot;]PMs have been so exploitable in recent years based on the general public&#039;s nearly blind acceptance of them as safe havens in recent uncertain markets, but they have been priced so very high as dealers sold to the converts and fleeced the public who were buying them at near record levels at the precise time when metals were readily and abundantly available to meet demand, and while major investors were exiting PM positions for opportunities in the most liquid of markets, cash.&nbsp; The gold bugs gloated and bought it rather than waiting this wave out to buy in at more level (sane) prices. Most didn&#039;t have the patience to wait through the financial crisis to start buying.</p><p><br /></p><p>Those (big) investors who held cash or sold their most valuable commodity assets (PMs) while stocks were soft in the last few years, have done better than most, or at least emerged in the best shape. Many reaped huge rewards by cashing out of PMs then and have already engulfed the advantages of stock positions in markets that most people don&#039;t trust and now still refuse to carry positions in. </p><p><br /></p><p>With QE ending and all the hysteria and doom-speak crumbling under the false certainty of claims made by their austerity soothsayers, PMs are reverting back to their authentic levels and there is no evidence the calamities we were promised to come with the collapse of the US dollar have any evidence of befalling us, yet abundant supply in PMs still overly meets demand, demanded by many of whom are still hoovering up all they can get their hands on under the same fear and faith they drowned themselves in when the wave of crisis began. </p><p><br /></p><p>The boat has sailed and many stackers are panning water as fast as they can to keep a heavily laden boat in PMs afloat. Many try to justify this with buying graded and limited edition bullion as collectibles, yet continue to pay significantly more for it than buying it without the trappings of plastic and labels. And the collectible coin market won&#039;t have any of it-- won&#039;t show support like it does with true numismatic rarities. </p><p><br /></p><p>What I&#039;m saying to the OP is that big stock investors and paper traders aren&#039;t trying to cover losses, they&#039;re already well beyond any they experienced and in their trading activities, well beyond the people still mired in the haze that the hysteria of the bull market left them in. Miners still aren&#039;t opening new or old mines to keep up with demand and allocations aren&#039;t a problem either.</p><p><br /></p><p>Numismatic rarities have enjoyed a very strong trading environment. A lot of people who can invest in something, now have a lot of cash to buy fine coins! It&#039;s not to do with the commodities market, but rather effective marketing, a healthy auction venue and the quality of pieces that have become available on the market after many years in private collections or freed from foreign holdings being repatriated and offered for sale, demand in high grade pieces set by dealers bringing TPGs examples for reconsideration, and companies pleased to sell certification services which improve the grade of pieces and hence the marketability of pieces being made available to a market of such people with such serious money to purchase and to boast about and splurge their deep pockets on fine pieces.</p><p><br /></p><p>Why do you think the stock market is going to crash? Does it not run in cycles anyway? It&#039;s bound to continue crashing and recovering, but why are you convinced that it will crash and metals will again be the sector to rebound or where others run to for shelter? It easily could be another sector that crashes next time, and a different area which experiences a boom in price and demand, not PMs. So, if it&#039;s in stocks, which so many physical PM converts remain entrenched in, who are unable and unwilling to take advantage of such stock market opportunity, with such risk and volatility, and are left with a worth-less stack and their cash tied up in heavy metals that not many others want, certainly not for the prices that will be asked above current market levels, how are they going to partake?... let alone fair?</p><p><br /></p><p>There&#039;s no reason to hope for PMs to spike (rise) to such prices that they hardly made it to in recent years. Hoping for that will be a waste of precious time. After which, when the prices finally do reach those levels, a very poor return on investment.[/QUOTE]</p><p><br /></p>

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