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<p>[QUOTE="medoraman, post: 1277148, member: 26302"]Very fair. Its very likely they are putting their money where their mouth is and feel the prices are going back up. I never claim to know their opinions, and being closer to the public their judgment is very much better than ours. I am simply relating from past experience knowing that dealers, if they do not wish to sell at certain price levels, will be "out of stock" since that upset people less than what some would term "gouging". I related an experience before when silver hit $4 a major dealer I knew was "out" of morgans in his storefront. When I told him I would pay $6 a piece and up for morgans he had hundreds in the back I went through. He said many people simply got mad that he refused to sell them closer to bullion value, so he simply did not sell them to the general public.</p><p><br /></p><p>You very well could be right sir, I was just putting forward another possibility that I have known to happen during market changes. Like I said, for me its too close to a major market correction to be sure just on some observations. If markets stay the same for 6 months and premiums do not come down, that would be more telling.</p><p><br /></p><p>Another way to look at it is if $40 is your buy price for ASE and even with a high premium it is below that, go ahead and buy. Absolute price of your PM should be in people's thoughts, not simply premiums. Like Cloud I believe once said, better to buy at $15 and a $5 premium than at $25 and a $2 one, (I am sure the numbers are wrong, but the general idea).[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1277148, member: 26302"]Very fair. Its very likely they are putting their money where their mouth is and feel the prices are going back up. I never claim to know their opinions, and being closer to the public their judgment is very much better than ours. I am simply relating from past experience knowing that dealers, if they do not wish to sell at certain price levels, will be "out of stock" since that upset people less than what some would term "gouging". I related an experience before when silver hit $4 a major dealer I knew was "out" of morgans in his storefront. When I told him I would pay $6 a piece and up for morgans he had hundreds in the back I went through. He said many people simply got mad that he refused to sell them closer to bullion value, so he simply did not sell them to the general public. You very well could be right sir, I was just putting forward another possibility that I have known to happen during market changes. Like I said, for me its too close to a major market correction to be sure just on some observations. If markets stay the same for 6 months and premiums do not come down, that would be more telling. Another way to look at it is if $40 is your buy price for ASE and even with a high premium it is below that, go ahead and buy. Absolute price of your PM should be in people's thoughts, not simply premiums. Like Cloud I believe once said, better to buy at $15 and a $5 premium than at $25 and a $2 one, (I am sure the numbers are wrong, but the general idea).[/QUOTE]
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