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Some dealers are increasing PM buy back prices

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Some dealers are increasing PM buy back prices

Postby Cu Penny Hoarder » Mon Mar 23, 2020 9:25 am

Have you guys noticed this? I predict ALL dealers will eventually follow suit.

This happened in 2008 and when silver hit peak price in 2011.
Time is precious, stop wasting it.
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Re: Some dealers are increasing PM buy back prices

Postby 68Camaro » Mon Mar 23, 2020 9:31 am

My local cutthroat big dealer is only offering spot at this point. They are definitely a buy low sell high organization.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Some dealers are increasing PM buy back prices

Postby neilgin1 » Tue Mar 31, 2020 11:23 am

68Camaro wrote:My local cutthroat big dealer is only offering spot at this point. They are definitely a buy low sell high organization.


Good man 68, this dealer will soon learn the world that is coming, when he is starving....and say he comes to you to buy a bucket of pinto beans, he best have 200 toz of ASE's, or $400 FV of 90's....or IF he has cattle, my bid for a hindquarter of Angus are 4 toz of .9999 Ag Maple Leafs….brace my friend, this is all just starting.
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Re: Some dealers are increasing PM buy back prices

Postby 68Camaro » Wed Apr 01, 2020 1:39 pm

Not a recommendation, just an observation based on this morning's data.

TPM is offering new TPM silver, selling at $5 over spot, while buying at $1.50 over spot. So they are working to a $3.50 spread. Pretty wide.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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