Merit Gold & Silver; Going Out of Business
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"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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OPA
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Natural forces of supply and demand are the best regulators on earth.
<< <i>There is gold and silver readily available through millions of vendors. >>
Can you think of any?
<< <i>
<< <i>There is gold and silver readily available through millions of vendors. >>
Can you think of any?
Sure… PM me, I can sell you some. Not a lot, but I can find it for you ALL DAY LONG
Knowledge is the enemy of fear
Natural forces of supply and demand are the best regulators on earth.
Tulving was one of the first metal dealers to go. When there's a large demand for a product, dealers spring up to fill that demand. We see that in every coin boom/bust cycle where dealers proliferate for several years and then disappear again.
<< <i>I guess if we got rid of all the farmers (ie manipulators) then we could see food prices seek their true market levels. And we're well on the way to removing most of them from the market.
Tulving was one of the first metal dealers to go. When there's a large demand for a product, dealers spring up to fill that demand. We see that in every coin boom/bust cycle where dealers proliferate for several years and then disappear again. >>
Actually, we see that not only in coin/pm's, but also in the overall market. The strong and able to adjust to market conditions survive and the weak get trampled.
Bullion peddlers are just middlemen. Middlemen are largely useless.
Knowledge is the enemy of fear
<< <i>Bullion peddlers are the same as farmers? Shaking my head.
Bullion peddlers are just middlemen. Middlemen are largely useless. >>
Middlemen (retailers) are the backbone of production distribution and US jobs. Middlemen allow producers to concentrate on production and not on consumer sales.
Natural forces of supply and demand are the best regulators on earth.
<< <i>Bullion peddlers are the same as farmers? Shaking my head.
Bullion peddlers are just middlemen. Middlemen are largely useless. >>
Gee, no PMs yet.
I resemble that statement. But some of us have to be useless with something.
<< <i>
<< <i>Bullion peddlers are the same as farmers? Shaking my head.
Bullion peddlers are just middlemen. Middlemen are largely useless. >>
Middlemen (retailers) are the backbone of production distribution and US jobs. Middlemen allow producers to concentrate on production and not on consumer sales. >>
Spoken like a middleman.
I see no use for them. Airline ticket agents--dont need em. Stock "brokers"--dont need em. Car salesmen--dont need em. Real estate agents--dont need em.
Point is, during the boom, everyone was a PM distributor or purveyor or misinformation, just like in every bubble. Wont be a healthy market until many are destroyed.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Bullion peddlers are the same as farmers? Shaking my head.
Bullion peddlers are just middlemen. Middlemen are largely useless. >>
Middlemen (retailers) are the backbone of production distribution and US jobs. Middlemen allow producers to concentrate on production and not on consumer sales. >>
Spoken like a middleman.
I see no use for them. Airline ticket agents--dont need em. Stock "brokers"--dont need em. Car salesmen--dont need em. Real estate agents--dont need em.
Point is, during the boom, everyone was a PM distributor or purveyor or misinformation, just like in every bubble. Wont be a healthy market until many are destroyed. >>
Many retailers have been destroyed since 08. How many more unemployed will it take to make our markets healthy?
Natural forces of supply and demand are the best regulators on earth.
Spoken like a middleman.
I see no use for them. Airline ticket agents--dont need em. Stock "brokers"--dont need em. Car salesmen--dont need em. Real estate agents--dont need em.
True enough, but there is a cost to finding and executing your own transactions and the degree of expertise needed in each situation is what really determines the value added for any type of middleman. I'll be the first in line to advocate doing your own market research for cars or housing, however.....
I used to shop around to find the source of some of the products that were "overpriced" by their distributors and in some cases I could save over 50% just by going to the source. The flip side of that is that I wasn't engaging in my own area of expertise while I was doing all of that shopping around. Net value to the company = questionable.
There will also be times when you simply can't gain access to the supply unless you contact a reliable specialist in the field, and in the precious metals markets a good dealer is an asset, not a liability. It beats meeting someone from Craigslist in the Walmart parking lot with a pocketful of cash to do a deal.
I knew it would happen.
<< <i>
<< <i>
<< <i>Bullion peddlers are the same as farmers? Shaking my head.
Bullion peddlers are just middlemen. Middlemen are largely useless. >>
Middlemen (retailers) are the backbone of production distribution and US jobs. Middlemen allow producers to concentrate on production and not on consumer sales. >>
Spoken like a middleman.
I see no use for them. Airline ticket agents--dont need em. Stock "brokers"--dont need em. Car salesmen--dont need em. Real estate agents--dont need em.
Point is, during the boom, everyone was a PM distributor or purveyor or misinformation, just like in every bubble. Wont be a healthy market until many are destroyed. >>
Each of those you named are agents and not middlemen. Agents act as a buyer or seller agent and add value as perceived by the contractee. A middleman carries inventory such as a car dealer in the way of cars, a brokerage house in the way of negotiable instruments (stocks, bonds, comm paper, etc) or an airline (seats on a plane). They add to market liquidity by acting as market makers. They are 100% necessary for an orderly market.
There are lots more examples, and bullion hucksters....well, we'll just leave it at that.
Knowledge is the enemy of fear
<< <i>Then why have I been able to buy an airline ticket, trade stocks, buy a car, and buy a house without them?
There are lots more examples, and bullion hucksters....well, we'll just leave it at that. >>
Because they priced themselves out of the labor market (wages, benefits) and were replaced by a robot (a computer).
Meet "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement
Natural forces of supply and demand are the best regulators on earth.
<< <i>Then why have I been able to buy an airline ticket, trade stocks, buy a car, and buy a house without them?
There are lots more examples, and bullion hucksters….well, we'll just leave it at that. >>
Business is business. A middleman is flying you to your destination. A middle man is putting in your order to trade. A middleman is detailing that car, and a middleman is obtaining the deed to your lovely home from somewhere.