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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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<p>[QUOTE="medoraman, post: 1627989, member: 26302"]But, "the market" is a private market. Someone OWNS it, (I happen to own stock in them). Does anyone here buy contracts, options, etc on the COMEX? If not, then the market is not concerned with you. They are a BUSINESS. They are not a governmental agency set up to price discover as a public service. They are there to service their customers the best way they see fit. If the REAL customers of COMEX are unhappy, COMEX will respond to their issues. </p><p><br /></p><p>The buyers and sellers on COMEX are there for their own reasons, and settle on prices of silver for their own reasons, and ASE buyers have literally no say in the matter, nor will they ever have a say.</p><p><br /></p><p>Do you think, if you never step foot in Tiffany's, you should have input into what Tiffany's does? Do you think you have a right to demand they change their business model? If you were a CUSTOMER of Tiffany's your concerns may be listened to, but if you have never done business with them, nor will you ever do business with them, then WHY should they care about your thoughts? </p><p><br /></p><p>Similarly, WHY should COMEX give a rip about what we think about their market? WE ARE NOT THEIR CUSTOMERS. We are simply using their market, (without their permission per se, nor with any compensation from us), for our own purposes.</p><p><br /></p><p>I just don't think many people who complain about pricing really understand that the silver market on COMEX was not created to deal with pricing of their ASE's or junk silver. They treat it like its a free government service that they should have input on. Its not, its a private business who make their customers happy. Period. If anyone else uses their prices because they don't want to do it themselves, whatever, but don't expect to have a say in the business if you are not a customer.</p><p><br /></p><p>One last thought. If those who believe silver is undervalued on the CME, then CALL THEIR BLUFF. Put your money down up front and take physical delivery.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1627989, member: 26302"]But, "the market" is a private market. Someone OWNS it, (I happen to own stock in them). Does anyone here buy contracts, options, etc on the COMEX? If not, then the market is not concerned with you. They are a BUSINESS. They are not a governmental agency set up to price discover as a public service. They are there to service their customers the best way they see fit. If the REAL customers of COMEX are unhappy, COMEX will respond to their issues. The buyers and sellers on COMEX are there for their own reasons, and settle on prices of silver for their own reasons, and ASE buyers have literally no say in the matter, nor will they ever have a say. Do you think, if you never step foot in Tiffany's, you should have input into what Tiffany's does? Do you think you have a right to demand they change their business model? If you were a CUSTOMER of Tiffany's your concerns may be listened to, but if you have never done business with them, nor will you ever do business with them, then WHY should they care about your thoughts? Similarly, WHY should COMEX give a rip about what we think about their market? WE ARE NOT THEIR CUSTOMERS. We are simply using their market, (without their permission per se, nor with any compensation from us), for our own purposes. I just don't think many people who complain about pricing really understand that the silver market on COMEX was not created to deal with pricing of their ASE's or junk silver. They treat it like its a free government service that they should have input on. Its not, its a private business who make their customers happy. Period. If anyone else uses their prices because they don't want to do it themselves, whatever, but don't expect to have a say in the business if you are not a customer. One last thought. If those who believe silver is undervalued on the CME, then CALL THEIR BLUFF. Put your money down up front and take physical delivery.[/QUOTE]
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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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