Metals at Psychology States of Mind

[Golden ChipMunk]

Hi Guys
A few people are asking why physical precious metals don't move as fast?
Here, Why!

Precious metals are currently at ATH or higher price.
They don't sell as fast as it should be? Is it a problems? No
Our states of mind think this is too high already so we don't need to buy.
Many of us here do have many oz??? No not speaking for myself.
Maybe I already sold them out, a long time ago.

Metals need to move to another level higher before ours state of mind say it is cheap then we will buy more.
I have seen older coins not sold out at the mint.

Here why sales are struggling at Silverstackers Market Place.


Ours Psychology States of Mind do not understand???

Also many of us are struggling paying for the inflation as thing are getting expensive.
This are a few reasons why.

Let say tomorrow Silver price is $100.00 , will you buy silver at $50.00 today price?
Cos we haven't seen this.
Precious Metals price will move more , I estimate timeline by 2028, here there?

Maybe I am wrong? Perhaps someone can tell more?

 

[pmbug]

Not sure how it is in Oz, but here in USA, retail have been selling physical back to dealers and I suspect it's largely a function of inflation putting the hurt on people. Consumer credit/debt is blowing out (debt levels high, delinquencies rising) while real estate is crashing.

 

[JohnnyBravo300]

I'll probably be buying for the next decade or so regardless of price.
I don't see many other sane options.

Its the best place i know to put cash with the tax people always chasing me and I don't want paper or anything reportable.

 

[Jislizard]

Not sure how it is in Oz, but here in USA, retail have been selling physical back to dealers ...

I have been hearing that junk 90% silver is going for spot or even back end of spot and that so many gold coins are coming in that they are sending it to the refiners rather than trying to sell it all in the coin shops.

Not seeing much sign of that here. I know a dealer who has been buying collections but he is still charging normal premiums when he sells.