Quote:
Originally Posted by eyecu2
Wholesale gold traders may make money, but almost all these metal commodities require a liquidation marketing method, and those ppl want their 5-10% on top. Not a really liquid asset. Still a place for parking some cash. And the best way to move large sums out of the country.
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WTF are you talking about? Retail buyers pay a premium over spot at the time of purchase. If you sell it, you’ll get spot at that time. A retail buyer will lose money if they try to make a buck on short terms flips. That’s not what smart investors of metals do. They hold it for the long term and as an insurance policy if shit hits the fan. The shit IS going to hit the fan. If you don’t own assets, and hold them in your possession, you’re going to be fucked. That article also mentioned that Costco quickly sells out of gold and silver. That’s the real story. Regular people are buying it. Walmart sells it too. It’s not just for rich people anymore.