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Posted 11/23/2014 6:44 pm
Hey Silverleaf!
oh man let me tell u, prices on bullion coins are dropping, and if you are collector, NOW is the time to bid auctions and place the bid near the spot price with a premium to it.
Why?
WELL, my data shows all the folks... that bought this dip have evaporated, so now that silver rose, there is very little panic and appetite to bid on coins... as usual the public at large has it completely wrong on how to buy silver, which is sad but hey not my money.
Now that silver prices are rising, folks clearly are running away from bidding, which has left less bidder and prices are dropping hard since last week. LOL I laugh my heart out how dealers take low spot prices, mark it up and people actually bid for it... THEN when theres a rise in price, people dont bid and there is no panic ... it does make me laugh my heart out really.. and then at the same time it is sad that people clearly are not paying attention to prices.... its all on impulse.
Last week I picked up a 2015 Benin for 47.25 and 2015 gilded somalia elephant for 41,, now they are going for less than that this week.. NOW is the time to shop for elephant coins and Benin as bidders, AKA the general public "thinks" silver is too expensive, so bidders are lacking... which is silly, because they created the panic as prices drops and the dealers, knowing the psychology of the public, jacked up prices....
so the best time to buy is after the drops in price in spot metals if you are collecting. Hey I'll take advantage of this scenario.. which as prices continue to drop, the public will become emotionally drained as they see they did not get a deal...
oh man let me tell u, prices on bullion coins are dropping, and if you are collector, NOW is the time to bid auctions and place the bid near the spot price with a premium to it.
Why?
WELL, my data shows all the folks... that bought this dip have evaporated, so now that silver rose, there is very little panic and appetite to bid on coins... as usual the public at large has it completely wrong on how to buy silver, which is sad but hey not my money.
Now that silver prices are rising, folks clearly are running away from bidding, which has left less bidder and prices are dropping hard since last week. LOL I laugh my heart out how dealers take low spot prices, mark it up and people actually bid for it... THEN when theres a rise in price, people dont bid and there is no panic ... it does make me laugh my heart out really.. and then at the same time it is sad that people clearly are not paying attention to prices.... its all on impulse.
Last week I picked up a 2015 Benin for 47.25 and 2015 gilded somalia elephant for 41,, now they are going for less than that this week.. NOW is the time to shop for elephant coins and Benin as bidders, AKA the general public "thinks" silver is too expensive, so bidders are lacking... which is silly, because they created the panic as prices drops and the dealers, knowing the psychology of the public, jacked up prices....
so the best time to buy is after the drops in price in spot metals if you are collecting. Hey I'll take advantage of this scenario.. which as prices continue to drop, the public will become emotionally drained as they see they did not get a deal...
