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Will dealers buy as much PMs as someone is willing to sell?
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<p>[QUOTE="ToughCOINS, post: 7514151, member: 20480"]Your example amounts to roughly a half million dollars worth of gold. Some dealers have lines of credit with their banks and / or wholesalers to support large cash flows, but others do not. If such resources are not available, a dealer should not be sticking his / her neck out far enough to handle such a transaction. </p><p><br /></p><p>There are, of course, mandatory reporting requirements to the government for purchases such as you describe (and for amounts much smaller than that), but I am unaware of any restriction on the amount that may be bought.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 7514151, member: 20480"]Your example amounts to roughly a half million dollars worth of gold. Some dealers have lines of credit with their banks and / or wholesalers to support large cash flows, but others do not. If such resources are not available, a dealer should not be sticking his / her neck out far enough to handle such a transaction. There are, of course, mandatory reporting requirements to the government for purchases such as you describe (and for amounts much smaller than that), but I am unaware of any restriction on the amount that may be bought.[/QUOTE]
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