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Maple Leaf Steve | 01-04-2004 02:46 PM
What if the price of gold goes up to high? 1 Attachment(s) Bullionaire (or anyone), Lets say the price of gold goes up to $1,000.00 an ounce. Then I go to try and sell my gold but no dealer will buy it from me because all the dealers are afraid they wouldn't be able to sell it without taking a loss. Anotherwords, is it possible for the price of gold to get to high to where nobody will buy it from the dealers but at the same time everyone is trying to sell their gold to the dealers? Sort of a market stalemate... MLS

IrishGold | 01-04-2004 03:22 PM
Re: What if the price of gold goes up to high? Quote:
Originally Posted by Maple Leaf Steve Bullionaire (or anyone), Lets say the price of gold goes up to $1,000.00 an ounce. Then I go to try and sell my gold but no dealer will buy it from me because all the dealers are afraid they wouldn't be able to sell it without taking a loss. Anotherwords, is it possible for the price of gold to get to high to where nobody will buy it from the dealers but at the same time everyone is trying to sell their gold to the dealers? Sort of a market stalemate... MLS
No such thing as a market stalemate. There is always a buyer and there is always a seller. There may not be any buyers that want to buy at a particular sellers price. Or, there may not be any sellers that want to sell at a particular buyers price, but that just means the prices are not agreeable at that particular instant. No matter what, the prices will move until there is a sale. And when that sale is made, it sets the stage for the next sale, or the next buy, depending on which side of the transaction you are on.

90%RealMoney | 01-04-2004 05:20 PM
Re: What if the price of gold goes up to high? Quote:
Originally Posted by Maple Leaf Steve Bullionaire (or anyone), Lets say the price of gold goes up to $1,000.00 an ounce. Then I go to try and sell my gold but no dealer will buy it from me because all the dealers are afraid they wouldn't be able to sell it without taking a loss. Anotherwords, is it possible for the price of gold to get to high to where nobody will buy it from the dealers but at the same time everyone is trying to sell their gold to the dealers? Sort of a market stalemate... MLS
The dealers will just increase the spreads on the metals, like they are doing right now. A month or so ago, the spread on 40% bags was about 50.00. It is well over 100.00 right now at some dealers. Nice to have someone else pay for YOUR insurance, huh?

Bullionaire | 01-04-2004 06:46 PM
Re: What if the price of gold goes up to high? Quote:
Originally Posted by 90%RealMoney The dealers will just increase the spreads on the metals, like they are doing right now. A month or so ago, the spread on 40% bags was about 50.00. It is well over 100.00 right now at some dealers. Nice to have someone else pay for YOUR insurance, huh?
Lets hope it gets to $1000.00....as stated, there will always be a market place at some fairly close price....most dealers have an out with a " market maker " a wholesaler who "locks" in a given price, buying or selling.....so there are no real surprises............. If it gets to that level..it will be because of worldwide demand....the market will be there trust me....again, I would prefer having a working relationship with a local dealer....it would simplify things in a pinch..

HistoryStudent | 01-16-2004 07:55 PM
Re: What if the price of gold goes up to high? Frankly I feel the price of the dollar has gone too high. The current defination of a millionaire is, drumroll please, "A Southern California property owner :woohoo: ."

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