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<p>[QUOTE="-jeffB, post: 8225868, member: 27832"]Thing is, the liquidity of any <i>particular</i> asset can <i>vary</i> over time. Like [USER=88280]@MDO[/USER], I live in an area where housing is going insane -- Apple is opening a facility that will hire around 3,000 people at salaries <i>averaging </i>something like $180K, and the median household income here is $59K.</p><p><br /></p><p>But it was only a few years ago that houses here would sit on the market for <i>months</i> with no activity.</p><p><br /></p><p>Then there are cars. This morning, I finally saw the news I'd been expecting -- for many car models, in many areas, the price of a used car <b>is HIGHER than the cost of a new car</b>. The catch, of course, is that you can't <i>find</i> those models new. It's a <i>great</i> time to sell your car! Except you still need transportation.</p><p><br /></p><p>Gold's liquidity is probably more steady. Yes, there will <i>always</i> be someone ready to sell you gold, or buy your gold. But the amount you can get for your gold, or the amount you have to pay for more, at a shop in your town, will fluctuate a lot more than the spot price.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 8225868, member: 27832"]Thing is, the liquidity of any [I]particular[/I] asset can [I]vary[/I] over time. Like [USER=88280]@MDO[/USER], I live in an area where housing is going insane -- Apple is opening a facility that will hire around 3,000 people at salaries [I]averaging [/I]something like $180K, and the median household income here is $59K. But it was only a few years ago that houses here would sit on the market for [I]months[/I] with no activity. Then there are cars. This morning, I finally saw the news I'd been expecting -- for many car models, in many areas, the price of a used car [B]is HIGHER than the cost of a new car[/B]. The catch, of course, is that you can't [I]find[/I] those models new. It's a [I]great[/I] time to sell your car! Except you still need transportation. Gold's liquidity is probably more steady. Yes, there will [I]always[/I] be someone ready to sell you gold, or buy your gold. But the amount you can get for your gold, or the amount you have to pay for more, at a shop in your town, will fluctuate a lot more than the spot price.[/QUOTE]
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