Can you corner the gold and silver coin market? why bulk buying doesn't really work..

[@YG-fm2wv]

Thanks. I have learned something today

[@shaunoliver1703]

Glad to help

[@shrimpman8422]

Great video, thanks for sharing your knowledge

[@shaunoliver1703]

Glad it was helpful!

[@BackyardBullion]

Thanks for the explanation Shaun, good to know. I understand this concept. The issue I have is the mint want to make 1000x of a product it costs them (passed on to the consumer) way more than if they just made 250x or 500x of that same product. They are in many ways trying to inflate the market like you say. They have the time, luxury and "trusted brand" status to get away with it.

[@shaunoliver1703]

I think we need to break it down further - For myself the issue is not so much them bulk buying and the price being higher. The issue is them charging obscene amounts of money just off the back they are the The Royal Mint. If you break down their operation the real problem in my eyes is the primary market and not the secondary market. In the primary market they have total control over their price points and they also do benefit from scaling (unlike the secondary market where it is a U curve). Basically the Mint over the last few years have churned out more and more coins and pushed the price points higher and higher to the point the only entity that wins is the royal mint (and to some extent the dealers who sell on the royal mints behalf - albeit they also get a raw deal). Everyone else loses pretty much all the time. In terms of the secondary market - its not really that relevant to the rest of the market - Its only relevant to people that don't know better which sadly is a lot of people Basically the problem is this - The royal mint knows because of its heritage people will go to them - they know that some people wont double check and they know that have a monopoly on new coins. the price points are so crazy it doesn't matter if one person gets the hump because of their unique standing someone else will buy. They are morally and ethically bankrupt.

[@billysteele8557]

Very interesting heared both sides and i go with your explanation.

[@shaunoliver1703]

Its not impossible but not the best way to do things

[@johnlee4897]

Concise explanation concerning the big fish. Collectors on the other hand do have time on their side. You can buy that graded proof and hold it for years because you simply don't care what the fluctuating price is at the moment. It may never see the light of day till it's handed down to children or cashed in at retirement.

[@shaunoliver1703]

Time is your friend in this game in terms of prices

[@Stevenharknett]

Occasionally you get a coin you can sit on and one you know if you find the right person then happy days.

[@shaunoliver1703]

it does happen for sure

[@Stevenharknett]

People told me na you won't get £1500 for your 1992 PF70 1 SOV. Sold it last week for 1620. What do I know lol. Actually I think even that was a bargain. The collector was very happy and so was I as I made 50% on it.

[@shaunoliver1703]

the 1990s do well.

[@livinthedream7714]

Excellent shit (Ya, my opinion on Bring Your own Beer stands)

[@shaunoliver1703]

glad you liked the video

[@Stevenharknett]

Holding stock is a cost.

[@shaunoliver1703]

100%

[@sam7687-i9b]

Thanks finally somone who speaks sense . He also dosnt understand numismatics and condition versus price and value . He deals in bullion and that's his area but dosnt mean he needs to bash coins with numismatic value and comparing them to bullion prices. Saying they are over valued , numismatics have nithing to do with bullion or spot price . Seems to me that he alway thinks hes right some people think they are better than the royal mint . I dont like them really but they have been in business alotonger than anyone I think they nerd to improve in areas but I wont bask them . I hate bullion especially poured pieces he charges way over spot for poured silver with ripples in that dosnt cost nearly as much as engraving dies minting a and striking coins . ❤ Cheers excellent topics.😂👍😁

[@Stevenharknett]

Without liquidity no business can survive.

[@shaunoliver1703]

You have to be a whale to try and move the market.