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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27581)	1/8/2008 10:59:45 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 218083

They had plenty to sell. I think they have tons of cheap inventory and are afraid that prices will not hold. Now is time for them to cash in. I asked how much under spot will you pay. Could not even get a conversation started, no interest in buying at any price.

To: TobagoJack who wrote (27581)	1/9/2008 12:08:15 AM
From: energyplay	Read Replies (2) \| Respond to of 218083

I expect that most coin shops have only moderate capital and turnover. They can hold some inventory, and that makes them long gold and short cash. Buying more gold at this price would eat up their available cash. The buy / sell spread is not large enough to allow them to buy gold after the price has jumped. The coin shops do not have the resources banks have.

To: TobagoJack who wrote (27581)	1/9/2008 4:20:43 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 218083

They're doing both selling and buying. I just sold some Eagles, including proof sets, and a brick of silver. The dealer had no problems buying, noted that gold business is doing really well, silver less so. Dealer also noted that the run in bullion hadn't translated yet into a run on the rare coins, which he said was different than times past. Coin dealers are like brokers of any other sort, they make money from the spread and as rising gold has increased public interest in gold, they are doing more trades. Volatility usually = greater spreads.