Aureus said:
As someone who chanted "load the truck up" at $25, who really cares?
I hope he's safe but that's really all i care about.
As long as people say what they actually think, and suggest others to do what they actually do themselves, there is nothing to blame but error. I've seen same people chanting to load the truck up at $45, to then a week later chant to sell at $32. There is a big difference between someone that makes errors and someone that tries to make others do errors.
Just saying.
I found spotmex a nice idea hence I registered back then. A platform to bring nonbusiness silver stackers together, eliminating the business dealers-inbetween, and their buy/sell business covering spread. According to that pmbug thread, there was an unwarned-for 1% fee though. But that's a reasonable one, especially considering the startup/small scale state of spotmex.
But it's like anything, a site and everything associated has a running cost, and when a bull market becomes a bear market, its to expect that the running cost start to weight too much. In the very end, also this forum is paid with money that comes from our pm purchases so we saw some pm replaced by this forum service.
Take for ex. the Tulving story, back in 2011 I saw several saying that it had the sharpest pricing, and easiest/fastest buy/sell back. Well, those that said that, and performed those purchases/sales back, probably killed Tulving in the end. Someone has to pay for a profit on a dead metal, and enough of Tulvings customers were apparently smarter than Tulving itself.
So one can start to realize here: dealer spreads / premiums have a reason. Of course, there is also such requirement as a 'middleway', which could be described as letting each side take up an equal part of the risk.