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The gold is going down. How do you explain that ?
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<p>[QUOTE="desertgem, post: 1176192, member: 15199"]I am not a dealer, but I understand the economics they were working under. If the show was like most, they had to purchase the table space, and were limited to the amount they could bring. The larger the amount of merchandise, the more difficult to secure and protect if you are away from home. Probably much of their gold and silver bulk was bought a long time ago, or they have bought too much, and wish to move it, and the time to do so is now for them. If you bought a gold 1 oz at 500, as many of us have, sell it for a profit of approx. $1000 after a few years. In the same time a 1914-D , say PGGS AU 50, has also appreciated, but not as much, and there will be many fewer wanting it, than gold or silver , AT THIS TIME. Most dealers started as collectors, and many still are, but they must bring the most lucrative deals to the show that they can sell according to the demand. It wasn't too many years ago, that collector coins ruled most shows with "bullion" traded on the "teletype", but changes have occurred, and ebay has brought in many novices. Everyday even my local TV has spots for "Gold Silver Deals", and internet newsletters and pundits have convinced and are still convincing many, that PM will be 5x -10x times more in the near future. I have seen posts by dealers who recently before the silver crash bought large amounts of silver, hoping to flip, and are down about $10 an ounce. Pity the poor dealers.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1176192, member: 15199"]I am not a dealer, but I understand the economics they were working under. If the show was like most, they had to purchase the table space, and were limited to the amount they could bring. The larger the amount of merchandise, the more difficult to secure and protect if you are away from home. Probably much of their gold and silver bulk was bought a long time ago, or they have bought too much, and wish to move it, and the time to do so is now for them. If you bought a gold 1 oz at 500, as many of us have, sell it for a profit of approx. $1000 after a few years. In the same time a 1914-D , say PGGS AU 50, has also appreciated, but not as much, and there will be many fewer wanting it, than gold or silver , AT THIS TIME. Most dealers started as collectors, and many still are, but they must bring the most lucrative deals to the show that they can sell according to the demand. It wasn't too many years ago, that collector coins ruled most shows with "bullion" traded on the "teletype", but changes have occurred, and ebay has brought in many novices. Everyday even my local TV has spots for "Gold Silver Deals", and internet newsletters and pundits have convinced and are still convincing many, that PM will be 5x -10x times more in the near future. I have seen posts by dealers who recently before the silver crash bought large amounts of silver, hoping to flip, and are down about $10 an ounce. Pity the poor dealers. Jim[/QUOTE]
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The gold is going down. How do you explain that ?
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