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Excellent gold supply discussion

derrybderryb Posts: 36,980 ✭✭✭✭✭
in Precious Metals
it’s not about price paid, it's about number of ounces

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • zrlevinzrlevin Posts: 734 ✭✭✭
    A very interesting viewpoint to be sure...thanks for sharing!
    Zach
  • CaptHenwayCaptHenway Posts: 32,268 ✭✭✭✭✭
    It's called the Law Of Supply And Demand.

    Break it at your peril!

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OPAOPA Posts: 17,126 ✭✭✭✭✭


    << <i>It's called the Law Of Supply And Demand.

    Break it at your peril!

    TD >>



    image

    "Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    Great read, Thanks
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Good read, except for the point of 99 buyers for every 1 seller. He said everyone is holding onto their gold, but if you look at ebay, there are little guys selling their gold all day long. Maybe they're not selling gold to his company, because he doesn't pay top price for it.
  • OPAOPA Posts: 17,126 ✭✭✭✭✭


    << <i>Good read, except for the point of 99 buyers for every 1 seller. He said everyone is holding onto their gold, but if you look at ebay, there are little guys selling their gold all day long. Maybe they're not selling gold to his company, because he doesn't pay top price for it. >>



    There may be lots of "little guys" selling on eBay, but also an equal number of "of little guys" buying. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,980 ✭✭✭✭✭


    << <i>

    << <i>Good read, except for the point of 99 buyers for every 1 seller. He said everyone is holding onto their gold, but if you look at ebay, there are little guys selling their gold all day long. Maybe they're not selling gold to his company, because he doesn't pay top price for it. >>



    There may be lots of "little guys" selling on eBay, but also an equal number of "of little guys" buying. image >>



    I agree. Look at the premiums they are paying on gold eagles!

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    Thanks for posting; I enjoyed the interview. I decided to buy my 1/10 Austrian Phil's mint tubes from Miles Franklin instead of CNI (highly recommend both) and worked with Joel, though the payment address was to Andrew Schecther. Again, highly recommend on buying and negotiating ( Dec 09). I have not sold to them, so cannot attest there. The 2 B&Ms in my locale are 30 min away- 1 run by a schizoid psycho and the other by an 80 year old curmudgeon o/w would try to procure locally. I bought a good number of coins for my 7070 (full retail, no questions) with the old guy and it made no difference in his attitude.
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
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