True value of second hand bullion

Is to flat! :/

 

I can wholesale some magic tricks I learned from Copperfield
$10,000,000 each trick & I'll build it for you :lol:

 

Ive rested my case Waterandfood.
enough said.

(but the oil itself isnt the issue. Its the markup above the oil paid when new carried on second hand. Wouldnt pay it for oil, gold or any damn thing)

 

Thems the pancakes you must be thinking about

 

sure, do you take

ooO $ ZIM $ Ooo

:lol:

 

NO sorry ,BANANAS ONLY
Better throw in some of that shiny gold/silver stuff as well ,none of that filthy cash crap

What kind of magic trick did you have in mind
Make your kids disaepar

 

I actually thought that I had put forward the facts pretty well and in an easy to understand manner. How you could still believe that bullion bought privately does not have an inherent value over spot simply with regards to its size, shape, finish and brand is beyond me.

 

Someone talking about me?

 

Aaahhh so you have the world on your head :lol:
Must be a heavy load

 

Its alright picklet, I was just telling spanner that I had a soft spot for you which keeps on going hard.

 

Scarcity illusion.

Many times I observe analogue hardware synths going for more than what it was brand new. Though, unlike gold, old synths are not inflation adjusted. I suppose the precious metals world has many more 'in-the-know' investors and hedgers whom understand and readjust spot based on inflation or deflation.

Plenty of examples where markups are not reflective of initial release, such as, vinyl (record) memorabilia.

Oh, just to clarify, my remark "it's all in your head" was not directed at you, but rather generalized to all of us - eye of the beholder stuff.

In an ideal world there would be no:
- Middlemen
- Markups (incl. price gouging and racketeering)
- Midsomer Murder TV series
- Murder She Wrote TV series
- Mash Peas
- Moon Landing
- Mnemonics
- Mass Effect computer games

Now, let's just say there was 100 1ozt gold Eagles released. Original asking price from mint was $1500 USD each.
- 10 dealers each get 10 Eagles
You and your gold bug mates were late to the pie. By the time you found out the Eagles were released was not till three months after release. However, thanks to one of the dealers whom bought 10 of the Eagles you now have an opportunity to own one, but for the mark up price of $1550 USD. It would be understandable for the dealer to add a few dollars for the time, lost investment capital and fees associated with storage (incl. risk of theft). This also applies to 'second hand' (i.e. pre-loved/owned) bullion too.
^^^ That was rant to fill white space (in other words just realized it was waste of time to type out but i keep there cause it looks pretty)...

This is a legitimate query, which quite frankly deserves troll-free responses. Shame on you members!

Short answer: Aussies are known in the corporate world as being fkn gullible suckers. Is this what you wanna hear/read? Gives me the shyts. However, you can't win them all. I suppose you could look at it like this; we pay excess for the privilege of our lifestyle and isolation. Apparently we are 'safe' from external forces in a globalized world.

I like to trick myself into believing; it is not that we Aussies get ripped off by willingly paying more premium for 'second hand' metals, but rather we like to believe we know the 'true value' of metals.

@RC
It is a shame many on this thread have not drank from the same 2 girl cup. So, I would like to raise my post up high and declare allegiance to your inquisition.

Enough has not been said.
.

 

Look as long I hold precious metals they're worth every penny.

 

I suppose another deciding factor with 'second hand' metals is; nobody wants to sell for less than what they purchased for 50 years ago. Since most of us like to add a dollar here and there (we somehow justify it as 'the effort tax') no surprise to observe markups on antique bullion (or what-have-you).

Matter of perspective.

^^^You answered your own query buddy.
Now, since each entity that has their hand in the bullion desires some 'small' cost for time effort this of course is magnified to us end user Aussies.
.

 

^ I noticed that hypocritical statement a few pages ago and figured it would be the end of the thread. Guess I was wrong again

 

^^^Shhh. I was secretly building up post count. Saw a prime opportunity on this chaos thread.

Thanks for pointing that out (re: repeating what was already expressed). Saves my trolling time better focused elsewhere.

 

Caught out red handed.

Anyway, with more competition comes competitive (cheaper) prices.
GP ranted well here.

Australia just needs more bullion dealers to bring down prices (excl. the possibly of syndicate price fixing).
.

 

Okay, I am happy with today's post count. Thanks thread. I now go do number two peekaboo.

 

eh

those pennies were worth more than the metals all put together.

its call million dollars pennies.

 

PLEASE DO IT