Quote:
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)
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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.