True value of second hand bullion

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spannermonkey said:
This is all pointless ,it's like trying to tell somebody the world is round when they are convinced the world is flat
Nothing we say here will make a difference to him :rolleyes:
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Is to flat! :/
 
mmm....shiney! said:
fishball said:
RomanControl seems to think that spannermonkey is a dealer.

ROFL.

A peddler of bananas maybe, a dealer? HAHA
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He is a site sponsor so it wouldn't surprise - he has lots of tricks up his sleeve ;)

maybe he deals in tricks? :P
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I can wholesale some magic tricks I learned from Copperfield :D
$10,000,000 each trick & I'll build it for you :lol:
 
Water&Food said:
Second Hand = concept

Particles reassemble to form new atoms.
Atoms reassemble to form new states of matter.
What was a tree yesterday could be toilet paper today. Does that mean the toilet paper is 'second hand' too?

We normally associate something as being 'second hand' with condition, yet the real meaning is to 'change hands' (i.e. ownership).

That being said; if you bought a barrel of oil that had two previous owners, is it considered 'second hand'? Technically, yes. However, the condition of the oil determines value. Apply this analogy to bullion.
If the bullion is still in 'mint condition' then it can not be classed 'second hand'. However, if the condition has deteriorated, we wannabes like to instead use fancy substituted words, such as, numismatic, grade or skid marks.

It's all in your head.
.
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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)
 
Butch said:
spannermonkey said:
This is all pointless ,it's like trying to tell somebody the world is round when they are convinced the world is flat
Nothing we say here will make a difference to him :rolleyes:
Click to expand...



Is to flat! :/
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Thems the pancakes you must be thinking about :D
 
spannermonkey said:
mmm....shiney! said:
fishball said:
RomanControl seems to think that spannermonkey is a dealer.

ROFL.

A peddler of bananas maybe, a dealer? HAHA
Click to expand...

He is a site sponsor so it wouldn't surprise - he has lots of tricks up his sleeve ;)

maybe he deals in tricks? :P
Click to expand...

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


sure, do you take

ooO $ ZIM $ Ooo

:lol:
 
alor said:
spannermonkey said:
mmm....shiney! said:
He is a site sponsor so it wouldn't surprise - he has lots of tricks up his sleeve ;)

maybe he deals in tricks? :P
Click to expand...

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


sure, do you take

ooO $ ZIM $ Ooo

:lol:
Click to expand...

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

What kind of magic trick did you have in mind
Make your kids disaepar :D
 
RomanControl said:
Ive rested my case
enough said.
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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.
 
spannermonkey said:
Butch said:
spannermonkey said:
This is all pointless ,it's like trying to tell somebody the world is round when they are convinced the world is flat
Nothing we say here will make a difference to him :rolleyes:
Click to expand...



Is to flat! :/
Click to expand...

Thems the pancakes you must be thinking about :D
Click to expand...

Someone talking about me?

2639_angry-pancake-bunny.jpg
 
RomanControl said:
Its the markup above the oil paid when new carried on second hand.
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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)...

RomanControl said:
Why do Australians stackers put up with premiums on second hand bullion bars and generic rounds?
The rest of the world doesnt.
We must be complete numpties
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This is a legitimate query, which quite frankly deserves troll-free responses. Shame on you members! :rolleyes:

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. o_O

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. :rolleyes:

@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.
.
 
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).

RomanControl said:
Why do Australians stackers put up with premiums on second hand bullion bars and generic rounds?
The rest of the world doesnt.
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Matter of perspective.
RomanControl said:
(Ok a slight profit but just to cover my time)
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^^^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.
 
Butch said:
Look as long I hold precious metals they're worth every penny.
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eh :rolleyes:

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

its call million dollars pennies.
 
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