With enormous spreads maybe it would make sense to trade among ourselves
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With enormous spreads maybe it would make sense to trade among ourselves
Hi all,
I'm not buying or selling anything right now, but dealer spreads on coins are enormous right now at 10%+.
So maybe if someone on the board needed to sell some gold, it might make sense to sell it to another member who is interested in buying.
Comments?
I'm not buying or selling anything right now, but dealer spreads on coins are enormous right now at 10%+.
So maybe if someone on the board needed to sell some gold, it might make sense to sell it to another member who is interested in buying.
Comments?
- dualstow
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Re: With enormous spreads maybe it would make sense to trade among ourselves
viewtopic.php?f=5&t=5715&p=185400&hilit ... od#p185371
(after the original post linked (bedraggled's thought), scroll down to Sophie's reply and more)
(after the original post linked (bedraggled's thought), scroll down to Sophie's reply and more)
- dualstow
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Re: With enormous spreads maybe it would make sense to trade among ourselves
Despite my thoughts above, I bet some of you could pull it off. Maybe you could do it with people who have been around for a year, or five years, to minimize fraud but at the same time avoiding someone's feelings getting hurt.
• Actually the best way would be to do it by pm with someone you already trust.
• Actually the best way would be to do it by pm with someone you already trust.
Re: With enormous spreads maybe it would make sense to trade among ourselves
Great idea! We all know who we are. But I can't imagine anyone is a seller now.Libertarian666 wrote: ↑Fri Mar 27, 2020 9:24 am Hi all,
I'm not buying or selling anything right now, but dealer spreads on coins are enormous right now at 10%+.
So maybe if someone on the board needed to sell some gold, it might make sense to sell it to another member who is interested in buying.
Comments?
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Re: With enormous spreads maybe it would make sense to trade among ourselves
I don't think anyone is going to want to sell, but they might need money.ochotona wrote: ↑Fri Mar 27, 2020 9:39 amGreat idea! We all know who we are. But I can't imagine anyone is a seller now.Libertarian666 wrote: ↑Fri Mar 27, 2020 9:24 am Hi all,
I'm not buying or selling anything right now, but dealer spreads on coins are enormous right now at 10%+.
So maybe if someone on the board needed to sell some gold, it might make sense to sell it to another member who is interested in buying.
Comments?
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Re: With enormous spreads maybe it would make sense to trade among ourselves
From a cursory check, it looks like it might be possible to use Paypal for such transactions while protecting the buyer and the seller.dualstow wrote: ↑Fri Mar 27, 2020 9:34 am viewtopic.php?f=5&t=5715&p=185400&hilit ... od#p185371
(after the original post linked (bedraggled's thought), scroll down to Sophie's reply and more)
The seller would have to pay 2.9% + $0.30, no fee to the buyer if they use a bank account to fund the purchase.
- vnatale
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Re: With enormous spreads maybe it would make sense to trade among ourselves
And, that, of course, is whoever owns a dog or a cat!!!!dualstow wrote: ↑Fri Mar 27, 2020 9:38 am Despite my thoughts above, I bet some of you could pull it off. Maybe you could do it with people who have been around for a year, or five years, to minimize fraud but at the same time avoiding someone's feelings getting hurt.
• Actually the best way would be to do it by pm with someone you already trust.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: With enormous spreads maybe it would make sense to trade among ourselves
After a T-Note matures on 11/30/2020, I'm a buyer at spot. But maybe premia go back to normal by then. Who knows? I think these premia are a really interesting sentiment indicator. I'm going to start tracking them, just once a month. Right now 9% to buy a 2020 CML at Tex Precious. But out of stock!
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Re: With enormous spreads maybe it would make sense to trade among ourselves
The premium on something they don't have doesn't mean very much.ochotona wrote: ↑Fri Mar 27, 2020 11:17 am After a T-Note matures on 11/30/2020, I'm a buyer at spot. But maybe premia go back to normal by then. Who knows? I think these premia are a really interesting sentiment indicator. I'm going to start tracking them, just once a month. Right now 9% to buy a 2020 CML at Tex Precious. But out of stock!
US Gold Bureau (https://www.usgoldbureau.com/2020-1-oz- ... le-coin-bu) has Eagles in stock at $1824, which is about an 11.5% premium. They are buying at $1659, which means a buy/sell spread of just about 10%.
Re: With enormous spreads maybe it would make sense to trade among ourselves
APMEX .9999 1 ounce CML any year 7.8% premium