Would you sell cards to buy gold or silver coins?

[Econteachert205]

I was actually thinking of making a trade post to swap some cards for coins.

[G1911]

A dealer of any product will pay below market, that’s how they stay in business. It usually doesn’t make sense to sell to dealers at their buy rate for anything. You sell it to another investor.

[homerunhitter]

Originally Posted by G1911

A dealer of any product will pay below market, that’s how they stay in business. It usually doesn’t make sense to sell to dealers at their buy rate for anything. You sell it to another investor.

I totally get this and I totally understand this. but as a buyer how dos it make sense to pay $40 for a $25 coin to just sell for $15 eventually? (not trying to be smart at all, just trying to learn and understand if/does it make sense to buy for $40 and sell for $15)

[Peter_Spaeth]

Originally Posted by homerunhitter

I totally get this and I totally understand this. but as a buyer how dos it make sense to pay $40 for a $25 coin to just sell for $15 eventually? (not trying to be smart at all, just trying to learn and understand if/does it make sense to buy for $40 and sell for $15)

People play the silver market but I think more people invest long term in gold.

[homerunhitter]

Thanks Guys for your thoughts on this. I think ill pass on both gold and silver for now as Im not really educated on it or know what im doing in regards to investing in gold and silver.it doesnt seem like its a good option for me at this time the more I think about it.

[58pinson]

Deleted.

[homerunhitter]

I think one problem I see is that silver will never go up enough to make a profit on what todays sellers markup is. (I dont think the spot price of silver has been over $30 in the past 10-15 years (or maybe even ever) the seller markups today are outrageous.(to the point that making any profit on it is darn near impossible) to complicate matters worse in the silver market is that if an american silver eagle 1 oz coin is consistently selling for the sellers markup price of $40 then people start thinking and believing that 1 oz of silver is worth the $40 they paid for it, then when they go to sell then and only then will they find that their pants have been pulled down to their ankles!

[bnorth]

Originally Posted by homerunhitter

I think one problem I see is that silver will never go up enough to make a profit on what todays sellers markup is. (I dont think the spot price of silver has been over $30 in the past 10-15 years (or maybe even ever) the seller markups today are outrageous.(to the point that making any profit on it is darn near impossible) to complicate matters worse in the silver market is that if an american silver eagle 1 oz coin is consistently selling for the sellers markup price of $40 then people start thinking and believing that 1 oz of silver is worth the $40 they paid for it, then when they go to sell then and only then will they find that their pants have been pulled down to their ankles!

Yes but if you look at it that way cards are exactly the same. Buy any card from a dealer and then try and sell it to another dealer and you just lost a similar percentage to your silver example.

[G1911]

Originally Posted by homerunhitter

I totally get this and I totally understand this. but as a buyer how dos it make sense to pay $40 for a $25 coin to just sell for $15 eventually? (not trying to be smart at all, just trying to learn and understand if/does it make sense to buy for $40 and sell for $15)

It doesn’t make any sense to buy at todays market rate to then sell at todays dealer buy price. For any item. At all. Why would you do that?

When you are investing in something, you are gambling that that item will go up over time. Conventionally, you are not planning to sell at below market prices either to a dealer. Don’t sell to a dealer who has to lowball you to make a profit. Don’t buy things as investments you don’t think will go up.

Your formulation here is the problem. Anything you take this approach too will result in a loss of money. Buying at todays market price and selling at todays dealer buy price guarantees a loss 100% of the time for any item.