JerrySpringer wrote:neilgin1 wrote:what i'm seeing JUST on Ebay, is a market that's pretty robust. a lot of guys throwing in the towel, but MOST of the buyers are those with multiple thousand stars..
Are sellers trying to unload before prices go LOWER? Is that what you are seeing?
no....i'm seeing guys THROW IN THE TOWEL, only to be met by "strong hand" buyers....that's what I meant by "multiple thousand stars", those stars mean individ transactions....ie. VERY serious LIQUID stackers. Most of the regular 90% roll sellers, these are e-storefront's, that will pay joe six pack stacker, MELT, turn around, put 'em on Ebay, and the cash market, takes them up to 20-28 times (even more for high numi rolls)
this kind of behavior..."throwing in the towel" from "weak hand" sellers is ALWAYS a feature of a multi-year, multi-decade bull market, and its symptomatic of looking at PM's....silver, with a wrong idea in these times. Ag is NOT an investment, its currency insurance....so you gotta buy WHAT YOU CAN HANDLE, and still "keep the lights on" with fiat. If you go batty, and buy too much, falling behind on bills, and grocery money....then?...its a sad unfortunate trip to your LCS to trade in rolls of 90's for melt....and one cant fault the LCS to maintain a bid based on the board, because these guys make their living on the basis...ie, the zone between bid, what they pay you, and offer, what they can sell it for on the cash market......and THERE IS, an increasing LARGE disconnect between the "board".....and where "cash" is trading.....like 21 times face for a $10 FV roll is $30 dollars an ounce.
in closing?...these days, imho, EVERYTHING is at a disconnect, name me ONE "institution" in these United States, you have ANY trust in....to me, they are ALL criminals, unworthy of trust or respect, liars, crooks and thieves the lot of 'em.