I'm new to the world of precious metals, but come on.

nam812

Why is it when the price of gold is increasing, all the buy it nows on eBay are constantly increasing with it, but now that gold has gone down from around $1,225 to almost $1,200 none of the buy it nows are dropping with it?

Wolf359

<< <i>Why is it when the price of gold is increasing, all the buy it nows on eBay are constantly increasing with it, but now that gold has gone down from around $1,225 to almost $1,200 none of the buy it nows are dropping with it? >>



backwardation.

Darin

I noticed its hard to find a bargain on ebay.
Nice to see you here Nam.

RedHerring

<< <i>...gold has gone down from around $1,225 to almost $1,200 none of the buy it nows... >>



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Most of the BIN were set up before the 2% drop today. The trend is still upward and the USD is falling rapidly. Gold should $1300 in the next 6 weeks without a problem. Don't look at a small daily drop and expect to get in cheap.

That and Microsoft's 10% Cashback on BIN will keep these prices high.

nam812

<< <i>.........Don't look at a small daily drop and expect to get in cheap....... >>



You sensed I was expecting something? Once again, if the small daily increases can make them raise BIN's, why cant small daily drops do the opposite?



<< <i>.....That and Microsoft's 10% Cashback on BIN will keep these prices high. >>



It was reduced to 8% today.

RedHerring

<< <i>You sensed I was expecting something? >>



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No I didn't sense you were expecting anything. That's likely what you'll get.

I got 10% off a BIN yesterday. Maybe tomorrow it will be 15%.

RedTiger

It is the invisible hand of the market at work. When prices are going up, all the lower priced items get bought up, removing those listings, leaving only higher priced items. When prices are going down, the reverse doesn't happen, there is no hand taking out the higher priced listings, so the appearance is that prices aren't changing. A few new items might be listed at a lowered price, but they get bought up first, removing them from the pool, leaving only the higher priced listings.

Also in normal markets prices tend to be sticky on the downside. Sellers want the old higher prices, and they think they will get them if they wait a bit. The exception to this is a panic, when folks say "get me out at any price," and there is a spike down in prices as selling reaches a crescendo.

CaptHenway

Ever follow the gasoline pump prices???

Konahead

look around, there is not alot of it available. The sites that have it want a nice premium over spot, these have been increasing for the past few weeks. Supply and demand. If you want on the train you jump on or wave as it goes bye! Fun to watch.