COIN DEALERS? HOW ABOUT BID AND ASK SPREADS OF GOLD COINS?
Posted October 11th, 2008 by GREEDisBAD
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In the 90's when the stock market started to boom, I noticed that the number of brokers, especially, on-line brokers, increased dramatically, commitions dropped significantly and bid ask spreads became narrower.
During the housing boom, I noticed that the number of real estate agents and mortgage brokers increased dramatically.
Is the number of coin dealers increasing?
Are spreads between bid and ask narrowing for gold coins?
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Here are some bid/ask
Here are some bid/ask spreads with Boston Bullion
www.bostonbullion.com
So do you think the spreads are narrowing?
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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you can't jump into the
you can't jump into the dealer business unless you can get supply to sell..or unless you bought lots of metals 10 years ago when no one wanted them! the dealers themselves are having trouble finding people who want to sell.. besides you want cash to pay your bills... why would you be interested in gold or silver coins.. you say deflation! in your opinion!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
I'm not being bearish on gold.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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Just so you know, I am not bearish on gold. I think gold has a high short term price volatility risk, but I believe that gold would do well in DEFLATION.
Assuming that gold is still in a bull market, I'm just trying to figure out where it is in the bull market.
I'm thinking that if more and more people buy gold coins, the number of dealers should increase and the spreads between bid and ask of coins should narrow.
Since you feel that gold
Since you feel that gold would do well in deflation, do you also believe it would do badly during inflation?
Historically, GOLD did better during DEFLATION than during
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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inflation, in my opinion. You should do some research.
greed... gold is LONG term..
greed... gold is LONG term.. you do not buy it for short term holding! although with the manipulation that has occured we may see a huge short term Run Up! but again.. if there are none to buy or very limited amounts to buy this will not allow new players into the market to be dealers because you can not have a business with no supply!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
Just went to a grocery store and bought $300 worth of food,
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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instead of a gold coin, even though, I was going to buy a gold coin with this paycheck.
In my opinion, long term can wait, but I wanted to make sure short term is covered.
You have chosen wisely.
You have chosen wisely.
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