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Why Do Bullion Dealers BUY Gold At These Prices?
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<p>[QUOTE="Clawcoins, post: 3649203, member: 77814"]If you carefully track spot vs the dealers buy/sell price,</p><p>you'll notice that people can buy on "emotion" rather than "facts"</p><p><br /></p><p>spot price drops .. people buy, but they don't notice that the coin price hasn't really followed spot. Of course, spot goes up and coin price goes up.</p><p><br /></p><p>There were a few years were I was tracking spot and only buying in certain situations where the dealers prices actually dropped too in correlation to spot. Many times it didn't.</p><p><br /></p><p>But there are also buyers where when the price goes up, they think the whole world is going bye-bye and spot price is going to the moon so they'll keep buying until the moon comes to roost. So the dealers need the metals to sell to those people.</p><p><br /></p><p>If you read various articles out there gold is going to $1600 or $1800 in a couple months ... "Jump on the Bandwagon ..."[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3649203, member: 77814"]If you carefully track spot vs the dealers buy/sell price, you'll notice that people can buy on "emotion" rather than "facts" spot price drops .. people buy, but they don't notice that the coin price hasn't really followed spot. Of course, spot goes up and coin price goes up. There were a few years were I was tracking spot and only buying in certain situations where the dealers prices actually dropped too in correlation to spot. Many times it didn't. But there are also buyers where when the price goes up, they think the whole world is going bye-bye and spot price is going to the moon so they'll keep buying until the moon comes to roost. So the dealers need the metals to sell to those people. If you read various articles out there gold is going to $1600 or $1800 in a couple months ... "Jump on the Bandwagon ..."[/QUOTE]
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