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What are your thoughts on current Pre-1933 U.S. Gold premiums?
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<p>[QUOTE="GoldFinger1969, post: 4728149, member: 73489"]So let me ask you dealers a question that I've never understood, not being a trader or business owner.....<i>you buy up here a bunch of common Saints, Liberty's, and other bullion coins at $2,000 or so....you replenish your inventory....then gold falls back to $1,700 and lays there for months...<b>what do you do ?</b></i></p><p><br /></p><p><i>You have to sell at market prices and "lose" $300 a coin, right ?</i></p><p><i><br /></i></p><p><i>And if the price were to go lower, you'd buy some at $1,700 and still lose more on those coins, right ?</i></p><p><i><br /></i></p><p><i>Or do you wait for the price to move up on those coins and hope to make $$$ to live on by selling other coins that you are in at a lower price ?</i></p><p><br /></p><p><i><u>To free up inventory/cash, you have to be willing to "lose"</u></i></p><p><i><u>money on coins, am I right ? Is this the flip-side of making $$$ when the price is rising over a long period of time ? Sort of the portfolio equivalent of buying some stocks that won't make money or will lag the market knowing you will make it up with your winners ?</u></i>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4728149, member: 73489"]So let me ask you dealers a question that I've never understood, not being a trader or business owner.....[I]you buy up here a bunch of common Saints, Liberty's, and other bullion coins at $2,000 or so....you replenish your inventory....then gold falls back to $1,700 and lays there for months...[B]what do you do ?[/B][/I] [I]You have to sell at market prices and "lose" $300 a coin, right ? And if the price were to go lower, you'd buy some at $1,700 and still lose more on those coins, right ? Or do you wait for the price to move up on those coins and hope to make $$$ to live on by selling other coins that you are in at a lower price ?[/I] [I][U]To free up inventory/cash, you have to be willing to "lose" money on coins, am I right ? Is this the flip-side of making $$$ when the price is rising over a long period of time ? Sort of the portfolio equivalent of buying some stocks that won't make money or will lag the market knowing you will make it up with your winners ?[/U][/I][/QUOTE]
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What are your thoughts on current Pre-1933 U.S. Gold premiums?
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