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What is up with the crash in silver prices
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<p>[QUOTE="gxseries, post: 442900, member: 4373"]You guys are totally crazy. When prices go down, you expect prices to fall as sharply as the market price. But when prices go up, people will be yelling about how expensive it is. Dealers are forced to absorb some of the cost under pressure. When prices go down, this is when dealers recoup some of their loss during the price hike. Typical example: air fares. </p><p><br /></p><p>Market price is nothing but a rough indication of what the metal prices are. It DOES NOT mean what goods SHOULD be priced as such. Spot price DOES NOT dictate at what price you must sell at or buy at. If someone else wants to pay more than the market price, you win. If not, that's life. Back a few months ago when people were screaming about how oil prices are so high and companies were trying to get deals on trying to hedge against future prices, this happened with metal commodity market. Sure, prices seemed to become more expensive hence buyers or rather dealers are forced to pay high price. What sane dealer must sell them at a lower price?? Would you? If you say yes, I recommend you to do business right now - you'll be popular in here but you'll be broke really fast. Now shut up and quit moaning about the prices. It's nothing but pure business practice. </p><p><br /></p><p>This is one reason why I have really strong dislike about discussing bullion prices in coin forums - bullion coins aren't bullions. Period.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 442900, member: 4373"]You guys are totally crazy. When prices go down, you expect prices to fall as sharply as the market price. But when prices go up, people will be yelling about how expensive it is. Dealers are forced to absorb some of the cost under pressure. When prices go down, this is when dealers recoup some of their loss during the price hike. Typical example: air fares. Market price is nothing but a rough indication of what the metal prices are. It DOES NOT mean what goods SHOULD be priced as such. Spot price DOES NOT dictate at what price you must sell at or buy at. If someone else wants to pay more than the market price, you win. If not, that's life. Back a few months ago when people were screaming about how oil prices are so high and companies were trying to get deals on trying to hedge against future prices, this happened with metal commodity market. Sure, prices seemed to become more expensive hence buyers or rather dealers are forced to pay high price. What sane dealer must sell them at a lower price?? Would you? If you say yes, I recommend you to do business right now - you'll be popular in here but you'll be broke really fast. Now shut up and quit moaning about the prices. It's nothing but pure business practice. This is one reason why I have really strong dislike about discussing bullion prices in coin forums - bullion coins aren't bullions. Period.[/QUOTE]
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What is up with the crash in silver prices
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