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- - Dealer Report For The Day.. (http://goldismoney.info/forums/showthread.php?t=295645)

tanner12oz | 08-27-2008 06:45 PM
Dealer Report For The Day.. stopped by and bs'd for awhile today. this was my first time i actually got to talk since the price crashed (last time in/out quick)...she said she only had about 1500 ounces of silver on hand when it brokedown. didnt seem like she was too shaken up about it. i asked about supply issues....she also said the vender she deals with did not (wasnt selling?) have any additional silver to give her for the people buying low. wasnt any activity today as far as customers were concerned. got a bunch of merc's @ spot. passed on some burned libertads @1.50 over

HistoryStudent | 08-27-2008 08:54 PM
Re: Dealer Report For The Day.. They deal on percentages on retail. They hedge and usually make money. They do SPECULATE when they think they have a GREAT wonderful probably good chance to make money on the deal. But like your shop I never have seen INVENTORY so low with my wholesaler to the trade in Southern California. Buy quick and DIRTY cause it's a real deal NOW if you can find physical.

j-son | 08-27-2008 09:06 PM
Re: Dealer Report For The Day.. Quote:
Originally Posted by HistoryStudent (Post 1257752) They deal on percentages on retail. They hedge and usually make money. They do SPECULATE when they think they have a GREAT wonderful probably good chance to make money on the deal. But like your shop I never have seen INVENTORY so low with my wholesaler to the trade in Southern California. Buy quick and DIRTY cause it's a real deal NOW if you can find physical.
HS...i know you were into pcgs graded $20 gold some time back and i actually went and bought a coin from your recommendations.....are you still thinking these are good buys? it doesnt seem that the prices of them dropped eventhough spot price dropped $200 from the peak.

HistoryStudent | 08-28-2008 03:29 PM
Re: Dealer Report For The Day.. Quote:
Originally Posted by j-son (Post 1257764) HS...i know you were into pcgs graded $20 gold some time back and i actually went and bought a coin from your recommendations.....are you still thinking these are good buys? it doesnt seem that the prices of them dropped eventhough spot price dropped $200 from the peak.
Funny you should ask I get the COIN WORLD journal every 2 weeks & their price guide magazine every three months. They are SCREAMING that BUYERS are coming into the NUMISMATIC market. The Long Beach, CA, coin show is in a couple of weeks and the last show in Baltimore set a NEW record. Richard Newbury's Early Warning Report came today and he thinks NUMISMATICS (read encapulated gold & silver) will go up 10 times from today. Now that said I personally believe that one should have 45% in gold; 45% in silver (especially to trade into gold later with perhaps half); and the other 10% in NUMISMATICS (mostly gold coins). Reason is sales ability in different marketplaces. Many have their own views but my BIBLE says put things in 7 different baskets. I like these: Gold bullion coins Silver bullion coins Gold numismatics Silver numismatics Silver bars Silver junk bags Silver junk rounds Other baskets With money you can afford to lose if the whole MARKET goes south: Blue chip Gold stocks Junior gold stocks Blue chip Silver stocks Junior silver stocks Blue chip OIL stocks Blue chip NATIONAL defense stocks Blue chip Coal stocks Blue chip natural gas stocks ETFs in: Oil Natural Gas PROBABLY NOT in gold or silver because they can store easy in you quiet possession:wink:

budfox | 08-28-2008 06:07 PM
Re: Dealer Report For The Day.. Quote:
Originally Posted by shortstack (Post 1259168) I have been buying Morgan Silver dollars, mostly the GSA coins (CC's sealed in a plastic case). I have a few GSA's that were graded by the NGC (they started grading GSA's without taking the coin out of the original plastic case a few years back). There has been talk on this site about counterfiet Morgans that are made in China. Has anyone heard of counterfeit GSA's (so they counterfiet the sealed plastic case as well as the coin)
Yes, lots of PCGS counterfeits. watch it. Thanks to the Fucen Chinese I won't buy Numi's anymore........... http://www.pcgs.com/articles/article...universeid=313

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