Dealers, how is the drop in gold and silver affecting your business?

Steve27

I remember the last time silver dropped, a couple of years ago, it affected all coin sales.

pontiacinf

has there really been a big enough drop to affect coin sales?

rsdoug81

Well...I don't think there has been enough of a drop yet. Kitco.com is reporting a slightly stronger dollar, however. In addition, Europe has turned a cold shoulder to Iran's "economic incentives" in exchange for nuclear allowances. I think there may be more of a metal drop in the future, but I don't expect it to be sustained.

ebaytrader

Dramatically.

HighRelief

Buy low, sell high Our dollar is going down the toilet the way the goverment is spending our money. If gold gets back below $650.00 I would buy the more of the yellow metal and stay in for the long run. If you were to compare the price of gold back in the 80's when it hit it's high of $850.00, gold would have to reach $2,150.00 per oz. to compensate for inflation. I will have more to say after I consult with my crystal ball.

ABC123

Why not buy high and sell higher ! Be optimistic !!

WTCG

The rise in the price of gold and silver resulted in many people calling me out of the blue asking about buying and selling bullion coins. Other than the rise in prices for common date Morgans, Walker Halves, and double eagle coins, the rise hasn't really affected my business in any way. We're still buying and selling coins at a rapid pace.

HighRelief

<< <i>Why not buy high and sell higher ! Be optimistic !! >>

Text When to buy high and when to sell higher is being very optimistic and I will try to optimize the option when it comes before me. Deal or no Deal?

mrearlygold

Not at all but the generics and metals part of my business is tiny so I'm not the best judge of this.

AgMe

<< <i>Buy low, sell high Our dollar is going down the toilet the way the goverment is spending our money. If gold gets back below $650.00 I would buy the more of the yellow metal and stay in for the long run. If you were to compare the price of gold back in the 80's when it hit it's high of $850.00, gold would have to reach $2,150.00 per oz. to compensate for inflation. I will have more to say after I consult with my crystal ball. >>



What would it be today (adjusting for inflation) when gold was $265 USD 3 years ago?

A new play has opened in 3rd world (newly forgiven) debt, the hot money is lining up already... should be interesting.