When Merchants Want To Buy... - Coin Community Forum

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Author	Replies: 4 / Views: 1,270
Murazor Valued Member Poland 114 Posts	Posted 06/15/2011 08:45 am I'm subscribed to a number of numismatic and precious metal related newsletters. Usually I get offers to buy coins, bars, medals etc. But yesterday and today I got two newsletter e-mails from coin and PM traders that they want to buy my gold. One of them was like: "You certainly need some money for holidays, don't you? Good news: you can sell us your gold!" Could it be a sign that PM's prices are to grow soon? Report this Post to the Staff

GoThunder Pillar of the Community United States 830 Posts	Posted 06/15/2011 09:11 am Could be, or could be their inventories are getting low but low inventories of commodities often leads to higher prices too. Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 06/15/2011 5:20 pm Wasn't one of the large online dealers buying Silver Eagles $3.00 over spot just when Silver was up to about $48.? I still think actual silver is being purchased, it's all the paper silver causing the flux. Report this Post to the Staff
ICanSeeYou7687 Valued Member United States 362 Posts	Posted 06/15/2011 5:41 pm im pretty sure to make money you always need tobe buying and selling. the pirce maybe high or low, but in the future ot is amost certain that the pirces will behigher, or even lower. ig your running a business you migt make a pretty pennie now, butu need to make sure you have stuff for later, even if you have to sit onit for a while9 Report this Post to the Staff
BuffaloBonehead Valued Member United States 333 Posts	Posted 06/15/2011 11:53 pm They make regular profits on the premiums. A steady market is a steady profit. With the recent volatility in PM's, I can see a lot of individuals holding and hoping for higher prices, depriving these dealers of their normal turnover. If they are getting really antsy for buyers, it is because enough of the normal guys aren't selling right now. Report this Post to the Staff
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