Gold sales down

Selling gold 5 years ago was had to get stock as i would all way sell out
now that gold is heading over $1440 it is getting harder to sell
what will happen when it hit $2000
it will be easy to find but will be harder to sell

Dealers will drop there buy price
hard time coming for dealers

I know that i am base in adelaide
talking to other dealers they say sales are down the last 6 months

lately i have been melting excess stock to granules for the jewellery trade
it is sad to melt bullion to granules

 

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I'm guessing that gold is hard to sell right now because it has been basically stagnant for the past year or so (in australian dollars anyway). If it starts to move up again I suspect that there would be a lot of renewed interest - look at the excitement around silver only a few months ago when it was going up.

 

When people think the price will go down they don't buy anything, when they think the price will go up they buy silver instead because the percentage gain is much higher.

 

And when the shit hits the fan they will wish they had bought some.

 

Its hard to find anything smaller than 1/4 ounce in these parts

 

Maybe you should try and sell your Gold on this forum.....lots of willing buyers i would suspect...long as the price is reasonable

GM

 

It would be a shame if gold lunars were getting melted down.

 

Gold Diggers, do you also go by the name "Gold Diggers" on Spotmex? If so, I've been following your gold on Spotmex and I can understand why you are concluding it is hard to sell.

However, my own suspicion is that it might be because the gold you are selling is listed as the brand "Peter W Becks", which is not very well known. Gold made by Perth Mint or ABC has still been moving quite quickly on Spotmex (based on my observations).

My conclusion about this is that, as gold gets more expensive, people become more concerned about sticking with the well known brands (I am not intending to cast any dispersions over Peter W Becks, I am sure your gold is of top quality, I am just pointing out that it is not as well known as Perth Mint or ABC, which may influence casual buyers).

 

Trillions of fiat floating around and one day soon enough when the SHTF in the currency markets its owners will want to find it a secure home (gold and silver). There is not enough gold or silver to service this demand. Prices are going much, much higher.

 

I know of PW Becks... and have seen some auctions - I would certainly be hitting up a few ounces off you if I had the fiat right now - I know its not as well known but I know PWB to be very reputable...