GREY:VITFF - Post by User
Post by
Sinbobon Apr 19, 2013 6:59pm
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Post# 21279641
Prattle ... there's more!
Prattle ... there's more! Wait! There’s more!
Slump in gold price releases years of pent-up retail demand
https://in.reuters.com/article/2013/04/19/gold-sales-idINDEE93I06M20130419
And here's an accounting from a colleague of mine who operates a cash-for-gold business in Florida and deals with one of the biggest coin dealers in Florida:
He's got nada. A guy came in who had ordered and fixed the price on 300 silver eagles last week before the crash and my dealer couldn't tell him when he might get them. My partner ordered three monster boxes last week and paid for them. This week he was told delivery is at least 60 days out - and this dealer is a "hitter."
As I've told people who have asked me how long before the next move higher begins, no one can say for sure. But if you run into people who tell you the bull market in gold/silver is over, ask them to sell you some 1 oz. gold/silver eagles. And if they don't have any, ask them to go find some let you know where they can offer them to you. Talk is cheap. Talk does not make markets.