Haha..the "Back Up your Truck" quote. A SS Urban Myth. From what I have seen here as prices go south so do the bidders and buyers? Great I say...but what is it with that?
Not really, activity in the buy, sell, swap seemed to die quite quickly during the drop. Im just happy it picked back up now
Well, when it drops, people holding are not willing to let go of it at a loss and many others are not buying by fear that it will drop further or that the bull run is over. The concept of backing the truck up is another way of saying all in at the bottom - as we all know, picking it requires luck. Many would have said that if the price was to drop to a certain level like we experienced recently, they would load up ... looks like this has not been happening as much as what one could have expected if only based on statements of loading trucks up. A good approach would be to carefully buy the dip while monitoring spot evolution and exchange rate.
hey say what you want but at the current prices where I have bought rolls of eagles,maple leafs,libertads etc at prices of $25/oz and lower I have already backed the truck up.This morning I got an ebay deal for eagles@$23 so until I can amass some more fiat,I'm on the sidelines.