@cohodk said:
So it looks like the paper market and physical market are in sync and that the industry is ripe with price gougers.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
@cohodk said:
Price gouging doesnt only occur for "necessities". It happens with all goods and services at various times.
I believe it is the responsibility of market makers, i.e dealers, to provide and maintain an orderly market. Having a spread of 30-50%, or more, between buy and sell price is not orderly.
"Orderly" is the wrong word. "Efficient" is the correct word. An efficient market has inherently low spreads. eBay, credit cards, and PayPal do not make an efficient market because of the fees (and shipping costs). The more efficient market is "cash and carry" at local coins shops and coin shows. But most shows have been cancelled and people are too afraid to go to shops (if they are even open). With those venues unavailable, the market has become less efficient.
@cohodk said:
So it looks like the paper market and physical market are in sync and that the industry is ripe with price gougers.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
@cohodk said:
Price gouging doesnt only occur for "necessities". It happens with all goods and services at various times.
I believe it is the responsibility of market makers, i.e dealers, to provide and maintain an orderly market. Having a spread of 30-50%, or more, between buy and sell price is not orderly.
"Orderly" is the wrong word. "Efficient" is the correct word. An efficient market has inherently low spreads. eBay, credit cards, and PayPal do not make an efficient market because of the fees (and shipping costs). The more efficient market is "cash and carry" at local coins shops and coin shows. But most shows have been cancelled and people are too afraid to go to shops (if they are even open). With those venues unavailable, the market has become less efficient.
Well now hold on, Ebay might not be super "price" efficient , but its the ultimate in "time and distance" efficiency
not all efficiency is about dollars, if you want physical driving to 14 coin shops and growing angrier the whole time only to wind up paying over melt for crusty war nickles at the last one is not super efficient
I'm not a stacker. I only bought silver one time; 500 oz. I waited years for this "Silver Explosion" they constantly talk about on TV. So now they will buy my silver for less than $12.00 and ounce and sell it back to me at $25.00 an ounce? Yeah, right!
@cohodk said:
So it looks like the paper market and physical market are in sync and that the industry is ripe with price gougers.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
@cohodk said:
Price gouging doesnt only occur for "necessities". It happens with all goods and services at various times.
I believe it is the responsibility of market makers, i.e dealers, to provide and maintain an orderly market. Having a spread of 30-50%, or more, between buy and sell price is not orderly.
"Orderly" is the wrong word. "Efficient" is the correct word. An efficient market has inherently low spreads. eBay, credit cards, and PayPal do not make an efficient market because of the fees (and shipping costs). The more efficient market is "cash and carry" at local coins shops and coin shows. But most shows have been cancelled and people are too afraid to go to shops (if they are even open). With those venues unavailable, the market has become less efficient.
I think this is how words like apologist come into being.
If its inefficient, then its the responsibility of the dealers to make it less so, unless, of course, they have no motive to do so.
This has again proven to individuals the RISK of participating in shallow, poorly capitalized and immature markets.
now they will buy my silver for less than $12.00 and ounce and sell it back to me at $25.00 an ounce? Yeah, right!
And it's nothing like being suckered into a stock market bubble that's been financed by overleveraged derivatives and free money created out of thin air, right?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: now they will buy my silver for less than $12.00 and ounce and sell it back to me at $25.00 an ounce? Yeah, right!
And it's nothing like being suckered into a stock market bubble that's been financed by overleveraged derivatives and free money created out of thin air, right?
The other thing about stocks is paying capital gains tax.
@cohodk said:
So it looks like the paper market and physical market are in sync and that the industry is ripe with price gougers.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
@cohodk said:
Price gouging doesnt only occur for "necessities". It happens with all goods and services at various times.
I believe it is the responsibility of market makers, i.e dealers, to provide and maintain an orderly market. Having a spread of 30-50%, or more, between buy and sell price is not orderly.
"Orderly" is the wrong word. "Efficient" is the correct word. An efficient market has inherently low spreads. eBay, credit cards, and PayPal do not make an efficient market because of the fees (and shipping costs). The more efficient market is "cash and carry" at local coins shops and coin shows. But most shows have been cancelled and people are too afraid to go to shops (if they are even open). With those venues unavailable, the market has become less efficient.
I think this is how words like apologist come into being.
If its inefficient, then its the responsibility of the dealers to make it less so, unless, of course, they have no motive to do so.
This has again proven to individuals the RISK of participating in shallow, poorly capitalized and immature markets.
Said the ultimate "apologist" for how great things are in the economy.
Again you use the wrong word, "responsibility". It is NOT a dealer's RESPONSIBILITY to do anything except to follow through on what they say. The correct word is "opportunity". There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
A while back you wrote on this forum:
@cohodk said:
3.9% unemployment.
4.1% GDP--4th best on planet
Low interest rates.
Dang!!!
You can't even identify a major problem when it is right in front of your face in your own words. If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
@cohodk said:
So it looks like the paper market and physical market are in sync and that the industry is ripe with price gougers.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
Don't try to explain the meaning of "free market," it's beyond his comprehension. He is a product of FEDism.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
Why would interest rates not be "so low"? Please edumacate on inter-market relationships.
Did you know that silver is still trading at a price less than it was 10 years ago? If silver was so great, as you and your ilk, have constantly promoted, it wouldnt be so low. Right?
10 flippin years!!!! 10!!!
The global economy has come to a screeching halt (PM bugs rejoice) and silver still isnt where it was 10 years ago. 10. 10. 10.
Yeah.....10 YEARS!!!
There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
Yup..there sure is. And they sure are. And it is said the stock market is corrupt.
If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
Why would interest rates not be "so low"? Please edumacate on inter-market relationships.
Did you know that silver is still trading at a price less than it was 10 years ago? If silver was so great, as you and your ilk, have constantly promoted, it wouldnt be so low. Right?
10 flippin years!!!! 10!!!
The global economy has come to a screeching halt (PM bugs rejoice) and silver still isnt where it was 10 years ago. 10. 10. 10.
Yeah.....10 YEARS!!!
There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
Yup..there sure is. And they sure are. And it is said the stock market is corrupt.
If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
Why would interest rates not be "so low"? Please edumacate on inter-market relationships.
Did you know that silver is still trading at a price less than it was 10 years ago? If silver was so great, as you and your ilk, have constantly promoted, it wouldnt be so low. Right?
10 flippin years!!!! 10!!!
The global economy has come to a screeching halt (PM bugs rejoice) and silver still isnt where it was 10 years ago. 10. 10. 10.
Yeah.....10 YEARS!!!
There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
Yup..there sure is. And they sure are. And it is said the stock market is corrupt.
All financial markets are inherently corrupt and manipulated. This includes the stock market and the futures market. This is frequently evident, such as the recent case where four (or more) Senators dumped a large amount of stock based on insider information concerning the early spread of the Corona Virus. Or the CEOs who cut corners dangerously at their company and used company funds to buy back company stock to drive up the stock price, and thus, their bonuses (Boeing).
When and where have I have "promoted" silver as an "investment" ? Find the quote and post it here.
The global economy has come to a screeching halt (PM bugs rejoice)
"Rejoice" is the wrong word. Nobody that I know, even PM bugs, is rejoicing over the current state of affairs.
The correct term, instead of "rejoice", is perhaps "told you so".
Why would interest rates not be "so low"? Please edumacate on inter-market relationships.
We went over that before. But here is a synopsis: Demographics.
A debt-based financial system works well as long as the population is growing and larger numbers of new people are willing to take on (and service) debt. But the Earth can only support so many people. Eventually the population grows to the point where nature "resists" a greater population, and the population shuns overcrowding. One example of that natural resistance is the current Corona Virus. The high cost of living is another symptom. So once the population stops growing significantly, the demand for new loans drops off, interest rates drop, and the debt-based financial system freezes up.
here is a synopsis: Demographics.
A debt-based financial system works well as long as the population is growing and larger numbers of new people are willing to take on (and service) debt. But the Earth can only support so many people. Eventually the population grows to the point where nature "resists" a greater population, and the population shuns overcrowding. One example of that natural resistance is the current Corona Virus. The high cost of living is another symptom. So once the population stops growing significantly, the demand for new loans drops off, interest rates drop, and the debt-based financial system freezes up.
+1
Q: Are You Printing Money? Bernanke: Not Literally
Just think how many publicly traded companies are priced lower in the market than they were 10 years ago. I could name a dozen that went out of business. Silver and gold remain solid and liquid at the same time. Any time. All the time.
@TwoSides2aCoin said:
Just think how many publicly traded companies are priced lower in the market than they were 10 years ago. I could name a dozen that went out of business. Silver and gold remain solid and liquid at the same time. Any time. All the time.
Lower: GM, F, BA, XOM to name a few.
But wait, they pay a dividend. Oh, wait, some don’t anymore. Gold and silver don’t.
@TwoSides2aCoin said:
Just think how many publicly traded companies are priced lower in the market than they were 10 years ago. I could name a dozen that went out of business. Silver and gold remain solid and liquid at the same time. Any time. All the time.
Has anyone ever lost a gold or silver coin? Wouldnt that be the same as having a company go under? Loss is loss.
Comments
I like your facts as this seems to be a cheap, yet effective marketing scheme.
Knowledge is the enemy of fear
So how many dozen? 100 dozen? That would be about $500,000. Seems like a pretty cheap way to "con"vince folk that thats the real price.
So...………..if you have a spare GMB at say, $4 over spot - please let me know, I'm interested.
I knew it would happen.
Any "price gouging" going on is on the low (buy) side. On the upper (selling) side, dealers are selling at what people are willing to pay.
"Orderly" is the wrong word. "Efficient" is the correct word. An efficient market has inherently low spreads. eBay, credit cards, and PayPal do not make an efficient market because of the fees (and shipping costs). The more efficient market is "cash and carry" at local coins shops and coin shows. But most shows have been cancelled and people are too afraid to go to shops (if they are even open). With those venues unavailable, the market has become less efficient.
Well now hold on, Ebay might not be super "price" efficient , but its the ultimate in "time and distance" efficiency
not all efficiency is about dollars, if you want physical driving to 14 coin shops and growing angrier the whole time only to wind up paying over melt for crusty war nickles at the last one is not super efficient
I'm not a stacker. I only bought silver one time; 500 oz. I waited years for this "Silver Explosion" they constantly talk about on TV. So now they will buy my silver for less than $12.00 and ounce and sell it back to me at $25.00 an ounce? Yeah, right!
I think this is how words like apologist come into being.
If its inefficient, then its the responsibility of the dealers to make it less so, unless, of course, they have no motive to do so.
This has again proven to individuals the RISK of participating in shallow, poorly capitalized and immature markets.
Knowledge is the enemy of fear
now they will buy my silver for less than $12.00 and ounce and sell it back to me at $25.00 an ounce? Yeah, right!
And it's nothing like being suckered into a stock market bubble that's been financed by overleveraged derivatives and free money created out of thin air, right?
I knew it would happen.
The other thing about stocks is paying capital gains tax.
You cant sell stock to a guy on craigslist
Said the ultimate "apologist" for how great things are in the economy.
Again you use the wrong word, "responsibility". It is NOT a dealer's RESPONSIBILITY to do anything except to follow through on what they say. The correct word is "opportunity". There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
A while back you wrote on this forum:
You can't even identify a major problem when it is right in front of your face in your own words. If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
Don't try to explain the meaning of "free market," it's beyond his comprehension. He is a product of FEDism.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If the economy was as well-off and strong as you had constantly promoted, then interest rates could not be so low.
Why would interest rates not be "so low"? Please edumacate on inter-market relationships.
Did you know that silver is still trading at a price less than it was 10 years ago? If silver was so great, as you and your ilk, have constantly promoted, it wouldnt be so low. Right?
10 flippin years!!!! 10!!!
The global economy has come to a screeching halt (PM bugs rejoice) and silver still isnt where it was 10 years ago. 10. 10. 10.
Yeah.....10 YEARS!!!
There is an OPPORTUNITY here for someone to take advantage of the silver pricing situation.
Yup..there sure is. And they sure are. And it is said the stock market is corrupt.
Knowledge is the enemy of fear
Please stop the hoarding. Don't want to turn you in. Please stay smart and safe. Semper Fi!
The whole worlds off its rocker, buy Gold™.
can't they both be corrupt?
All financial markets are inherently corrupt and manipulated. This includes the stock market and the futures market. This is frequently evident, such as the recent case where four (or more) Senators dumped a large amount of stock based on insider information concerning the early spread of the Corona Virus. Or the CEOs who cut corners dangerously at their company and used company funds to buy back company stock to drive up the stock price, and thus, their bonuses (Boeing).
When and where have I have "promoted" silver as an "investment" ? Find the quote and post it here.
"Rejoice" is the wrong word. Nobody that I know, even PM bugs, is rejoicing over the current state of affairs.
The correct term, instead of "rejoice", is perhaps "told you so".
We went over that before. But here is a synopsis: Demographics.
A debt-based financial system works well as long as the population is growing and larger numbers of new people are willing to take on (and service) debt. But the Earth can only support so many people. Eventually the population grows to the point where nature "resists" a greater population, and the population shuns overcrowding. One example of that natural resistance is the current Corona Virus. The high cost of living is another symptom. So once the population stops growing significantly, the demand for new loans drops off, interest rates drop, and the debt-based financial system freezes up.
here is a synopsis: Demographics.
A debt-based financial system works well as long as the population is growing and larger numbers of new people are willing to take on (and service) debt. But the Earth can only support so many people. Eventually the population grows to the point where nature "resists" a greater population, and the population shuns overcrowding. One example of that natural resistance is the current Corona Virus. The high cost of living is another symptom. So once the population stops growing significantly, the demand for new loans drops off, interest rates drop, and the debt-based financial system freezes up.
+1
I knew it would happen.
Just think how many publicly traded companies are priced lower in the market than they were 10 years ago. I could name a dozen that went out of business. Silver and gold remain solid and liquid at the same time. Any time. All the time.
Lower: GM, F, BA, XOM to name a few.
But wait, they pay a dividend. Oh, wait, some don’t anymore. Gold and silver don’t.
Has anyone ever lost a gold or silver coin? Wouldnt that be the same as having a company go under? Loss is loss.
Knowledge is the enemy of fear