I am sure you too will find people locally that will buy them
therefore saving the commissions to eBay & PayPal and std
delivery, which eats into the tidy profits.
Business has been so brisk in the giant Kotsovolos appliance and
electronics store in this upper-middle-class suburb of Athens that
you might think a sale was on.
But, no. It is panic buying, those who work here say.
Increasingly concerned that greater economic trouble lies ahead of
them, and limited in how much cash they can take out of banks,
Greeks have been using their debit cards to buy ovens,
refrigerators, dishwashers — anything tangible that can hold its
value in troubled times.
when I used to own a bunch of physical gold and silver, I would
simply go to my local coin dealer, hey was a distributor, and would
buy as many as you ant or sell you as much as you want, where you
would lose about 2% on his price and the market price. He
made his money on that small difference. was very liquid this
way.
True story: in April 2011 I was warning everyone that Silver was
parabolic and was extremely dangerous. During the trading day
Silver hit $48 an ounce and I told Steve that I have to leave, I
drove 45 min to this place and sold all my 100 bounce silver bars.
Silver tagged 50 later that day, and of course now it's near
$15. Too bad for the poor sap who bought at that price
though.
see my previous post on the subject, and even if they do manage
to obtain any look at the premiums they would have to pay.
The Zerohedge article reported how a jeweler refused to supply
his jewels to a millionaire thinking what would he do with te
euros. He concluded he was better off with the jewels and so turned
down the sale.
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Silver Eagles Fetching 80% Premium to GBP Spot...
Posted by saturn6 on 9th of Jul 2015 at 01:27 pm
eBay
I will sell 100 oz.
Posted by a_l_ on 9th of Jul 2015 at 01:29 pm
I will sell 100 oz. for 70% premium.
Nice...But not through eBay I hope...
Posted by saturn6 on 9th of Jul 2015 at 01:38 pm
I am sure you too will find people locally that will buy them therefore saving the commissions to eBay & PayPal and std delivery, which eats into the tidy profits.
Or start selling fridges...
Greeks spend in droves, afraid of losing savings to a bailout
Business has been so brisk in the giant Kotsovolos appliance and electronics store in this upper-middle-class suburb of Athens that you might think a sale was on.
But, no. It is panic buying, those who work here say. Increasingly concerned that greater economic trouble lies ahead of them, and limited in how much cash they can take out of banks, Greeks have been using their debit cards to buy ovens, refrigerators, dishwashers — anything tangible that can hold its value in troubled times.
when I used to own
Posted by matt on 9th of Jul 2015 at 02:14 pm
when I used to own a bunch of physical gold and silver, I would simply go to my local coin dealer, hey was a distributor, and would buy as many as you ant or sell you as much as you want, where you would lose about 2% on his price and the market price. He made his money on that small difference. was very liquid this way.
True story: in April 2011 I was warning everyone that Silver was parabolic and was extremely dangerous. During the trading day Silver hit $48 an ounce and I told Steve that I have to leave, I drove 45 min to this place and sold all my 100 bounce silver bars. Silver tagged 50 later that day, and of course now it's near $15. Too bad for the poor sap who bought at that price though.
alright guys, I think we
Posted by matt on 9th of Jul 2015 at 02:16 pm
alright guys, I think we have enough posts today on metals etc, taking up 1/2 the blog. It's not doing anything today anyway, the market is the focus
you would think they would buy silver and gold instead
Posted by tsurplus on 9th of Jul 2015 at 01:50 pm
but, what do I know?
It seems they have trouble buying Gold and Silver...
Posted by saturn6 on 9th of Jul 2015 at 02:13 pm
see my previous post on the subject, and even if they do manage to obtain any look at the premiums they would have to pay.
The Zerohedge article reported how a jeweler refused to supply his jewels to a millionaire thinking what would he do with te euros. He concluded he was better off with the jewels and so turned down the sale.