Having done my diligence, I went to a show yesterday to generate a little capital for a home improvement project.
One dealer was happy to buy some of my gold at a good enough price for me. Another dealer wanted to know what else I had left, which included a raw burnished 1oz. Gold Eagle.
He offered me below melt, saying, “well, you know that premiums have crashed, blah, blah, blah and if I buy it and the price goes down, I’ll be sitting on something that is taking up space, blah, blah…..and the price might go down tomorrow.
I had brought it along, but I had already sold enough to achieve my objectives. I hadn’t even offered it to him or stated an asking price to him. This same guy was trying to interest me in a novelty silver piece for 6X melt.
My question back to him was, “so what if gold goes up, instead of down?”
It’s all about one’s perspective, isn’t it?
Q: Are You Printing Money? Bernanke: Not Literally
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Having done my diligence, I went to a show yesterday to generate a little capital for a home improvement project.
One dealer was happy to buy some of my gold at a good enough price for me. Another dealer wanted to know what else I had left, which included a raw burnished 1oz. Gold Eagle.
He offered me below melt, saying, “well, you know that premiums have crashed, blah, blah, blah and if I buy it and the price goes down, I’ll be sitting on something that is taking up space, blah, blah…..and the price might go down tomorrow.
I had brought it along, but I had already sold enough to achieve my objectives. I hadn’t even offered it to him or stated an asking price to him. This same guy was trying to interest me in a novelty silver piece for 6X melt.
My question back to him was, “so what if gold goes up, instead of down?”
It’s all about one’s perspective, isn’t it?
I knew it would happen.
Ah…Jonathan Rose & “The Gold Show” radio infomercials! “Gold’s up? Buy now before it goes higher!” “Gold’s down? Buy it now on the cheap!”