Loading ...Called my local coin dealers yesterday. There are a lot more sellers than buyers. Both said cannot get locked in prices from their wholesale buyers/suppliers, nor firm time frames.
Both waiting for payments of metals already shipped. Similar to what we have been hearing. Really hit home being two I have done lots of busines with for many years. I did hear about another one who is buying, which I confirmed. (Have a friend who wants to sell around 20 100 oz bars as part of a property purchase. No, the seller won’t accept in exchange as he is also trying to buy a house).
Then I just saw this blurb in a weekly politics/world/governments report I follow, published Monday:
“Furthermore, reports are emerging that major banks are blocking wire transfers into gold and silver dealers — citing “fraud concerns.” The problem is these are blanket restrictions, not case-by-case reviews.”
Wouldn’t surprise me.
Could this be true?
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