The cynic’s guide to dealer show reports in tough economic times:
CalGold
Posts: 2,608 ✭✭
“We had a great show” Translation: “We did’nt get food poisoning from the filthy hot dogs we ate and we weren’t robbed at gun point in the parking lot.”
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG
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<< <i>“We had a great show” Translation: “We did’nt get food poisoning from the filthy hot dogs we ate and we weren’t robbed at gun point in the parking lot.”
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG >>
Ain't that the truth.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>“We had a great show” Translation: “We did’nt get food poisoning from the filthy hot dogs we ate and we weren’t robbed at gun point in the parking lot.”
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG >>
Sad but true for many these days. First down market I've seen without a flood of money into coins.
Oh Yeah! I forgot the banks are flush with it. The people have none. The banks are buying foreclosed real estate & tangible assetts with that money. What happens to the few meager dollars we all get for our assetts when the banks decided to flood us with money. Oh yeah inflation and they win because they bought all the stuff thats really worth something in a crisis on the cheap!!
<< <i>“We had a great show” Translation: “We did’nt get food poisoning from the filthy hot dogs we ate and we weren’t robbed at gun point in the parking lot.”
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG >>
Excellent post.
<< <i>Everyone knows the market is white hot double nuclear!
Translation: At one point, BOTH chairs in front of our booth were occupied.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>“We had a great show” Translation: “We did’nt get food poisoning from the filthy hot dogs we ate and we weren’t robbed at gun point in the parking lot.”
“Dealer to dealer activity was hot” Translation: “A lot of guys were liquidating inventory at a loss or on razor thin margins to get money to make ends meet.”
“The auctions lots were retreads and low end stuff that did not meet our standards” Translation: “The auction house cut off our credit and we couldn’t bid on anything.”
“Foot traffic was light but collectors came to buy.” Translation: “We had a coin on hold for a customer and he came by to pick it up.”
“Overall the show exceeded our expectations” Translation: “We liquidated enough inventory wholesale to postpone filing for bankruptcy.”
CG >>
Very funny and unfortunately,
probably very true .
Camelot
A couple of local dealers have told me that if it wern't for bullion and scrap gold, they'd have to get real jobs.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Good security; Barney Fife never even loaded his gun.
<< <i>Everyone knows the market is white hot double nuclear!
Reminds me of the existing debt California cannot pay so they issue IOU's....IOU's on existing debt.......
Makes me think of the fraternity in Animal house when Dean Wormer puts them on double secret probation.......
I give away money. I collect money.
I don’t love money . I do love the Lord God.