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What were premiums before recently?
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<p>[QUOTE="Blaubart, post: 1705803, member: 37498"]I see the opposite around here. Pawn shops have the same old stale inventory in their case with outrageous price tags. ($100+ for common Morgans)</p><p><br /></p><p>One of the shops around here didn't have any silver in his case when silver was at $35 an ounce. He said he had a lot, but that the prices weren't right for selling, so he was holding onto it. I wonder if the price is right now that silver is at $24. I wonder if it will be right when it's under $20. That's the risk dealers take in holding onto inventory because the price fell since they bought it.</p><p><br /></p><p>If you're in the business of buying and selling a commodity with a volatile price, the only way your business will be sustainable through any market is to move inventory. The higher the volatility, the faster you should be moving it. The way you move inventory fast is by narrowing your spread. Be willing to pay a little more to get inventory and be willing to sell it for less than your competitors.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1705803, member: 37498"]I see the opposite around here. Pawn shops have the same old stale inventory in their case with outrageous price tags. ($100+ for common Morgans) One of the shops around here didn't have any silver in his case when silver was at $35 an ounce. He said he had a lot, but that the prices weren't right for selling, so he was holding onto it. I wonder if the price is right now that silver is at $24. I wonder if it will be right when it's under $20. That's the risk dealers take in holding onto inventory because the price fell since they bought it. If you're in the business of buying and selling a commodity with a volatile price, the only way your business will be sustainable through any market is to move inventory. The higher the volatility, the faster you should be moving it. The way you move inventory fast is by narrowing your spread. Be willing to pay a little more to get inventory and be willing to sell it for less than your competitors.[/QUOTE]
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What were premiums before recently?
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