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So, now JPM is being blasted by owning TOO MUCH pm?
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<p>[QUOTE="jolumoga, post: 1860720, member: 41780"]I agree, and the same applies to coin dealers. How can coin dealers be expected to be impartial when they make their living by buying low and selling high? I am not saying coin dealers should not exist, but merely that the same principle applies. In my opinion, coin dealers as a group are not the noble characters presented in other forums here, the same way car salesmen aren't. This is not to say they are all bad and should not exist -- they obviously have a role to play in society. I have been in the hobby for a couple of years and I am stunned at how anyone can attribute the virtues to coin dealers that some do. I don't think my experience is merely anecdotal. Actually, I joined these forums when I sought advice as a result of a minor scam (I won't elaborate). But again, it's acceptable to bash bullion and not coin dealers, apparently.</p><p><br /></p><p>As far as bullion dealers go, they should be met with great skepticism. However, I happen to enjoy hearing their points of view, because they also provide important information needed to make solid investment decisions. You can learn from paid experts too. Likewise, it is important to listen to fierce critics. That's why I listen to Medoraman and Mikem2000 and others who think similarly.[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1860720, member: 41780"]I agree, and the same applies to coin dealers. How can coin dealers be expected to be impartial when they make their living by buying low and selling high? I am not saying coin dealers should not exist, but merely that the same principle applies. In my opinion, coin dealers as a group are not the noble characters presented in other forums here, the same way car salesmen aren't. This is not to say they are all bad and should not exist -- they obviously have a role to play in society. I have been in the hobby for a couple of years and I am stunned at how anyone can attribute the virtues to coin dealers that some do. I don't think my experience is merely anecdotal. Actually, I joined these forums when I sought advice as a result of a minor scam (I won't elaborate). But again, it's acceptable to bash bullion and not coin dealers, apparently. As far as bullion dealers go, they should be met with great skepticism. However, I happen to enjoy hearing their points of view, because they also provide important information needed to make solid investment decisions. You can learn from paid experts too. Likewise, it is important to listen to fierce critics. That's why I listen to Medoraman and Mikem2000 and others who think similarly.[/QUOTE]
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