Market Harmony wrote:
Comparing the PM market to eBay does not come close to a good representation. You're thinking too small. Think bigger than your safe... think swimming pools... think large walk in vaults... think furnaces that will fit an SUV inside...
eBay is NOT the silver market. If it dries up there, that is because those on eBay are not the real buyers. 99% of those on eBay work in handfuls, whereas the real buyers are thinking truckloads.
You are correct about my thinking, my vision sees just what is around me(small timer).
I see ebay as the decent meeting ground for a market. It gets the attention of millions, not a selectd few people mostly interested in profit showing. -----albeit you can get better bulk deals form online stores if buying.
I think small people can affect the silver market, not so much the gold though. Common folk would go for silver first IMO.
I dont think it will dry up on ebay, maybe get bigger(b/c hand fulls add up, exchanging hands more often), and with a price expansion more hands show what they got looking for a buyer. Then it gets high so a selloff occurs causing price swings down, with painful ups followed.
High prices just cant be met with buyers for support.
Like ebay it is just getting the first few people to bid that gets the attention of uninterested interested. When they come in the first guys looking for a decent buy or steal drop off.
There are only so many people after that auction that will pay those prices for the flood of "same type auction" and buy it nows posted trying to get in on the high price they see as a "precedent price" and nobody buys them.
The trill of the auction is what gets the higher prices anyway. Happenstance
If its newly highed value was real they would have just started a .99 auction and let the market do the rest.
Bla Bla Bla
There are prices(around 100) that just cant be met with buyers (unless everyone is jumping dollar ship) but in the current market it seems like 100 is overkill(baring meltdown/meltup whatever).