Ebay sellers of coins and silver have taken a break from complaining about Chinese sellers selling counterfeit silver dollars to cry about the drop in silver and gold prices.
Several have reported their sales which had been at ultra high levels recently, which they had increased prices on weekly have stopped. They are afraid of heavy returns volume.
One admitted that he thought it was a bubble, but did not lead to any change in behavior. At least voluntary change. He’s been shipping silver to a smelter, but they placed a delay of two weeks on payment, so he will be getting the price two weeks from when it reached them.
An auctioneer who a runs weekly bullion sale on Invaluable, LiveAuctioneers and his own auction site sent out an email today advising buyers to Buy The Dip.
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