Regardless of what their excuses are at this point, it's been weeks since silver came back down and big online dealers are still charging incredibly high premiums to their loyal silver customers. Let's keep them accountable by making a permanent record here of exactly what they did.

Relax dude don't know why you're taking it so personal. If you're worried about your company being slut-shamed for gouging people then they shouldn't go around acting like sluts.

I know how pricing, premiums, and risk works, and I don't need to go to geology school to stack silver. I'm a business owner as well, so I'm all about making a reasonable profit. What we have are companies that some of us have been buying from for more than a decade who on the weekend prices started creeping up bragged that they had hundreds of millions of dollars of physical silver in hand and turned around and cancelled our orders and stopped selling altogether in anticipation of being able to clean up and squeeze more money out of us. They then jacked up minimmum purchase amounts because they couldn't be bothered with us" small fish", hiked premiums to nearly 70 percent, and haven't lowered them even though prices went right back down to where they were and they still haven't sold through their original hundreds of millions yet. Then they are literally running around using the excuse that they need to make high profits off of us right now because they don't know how to deal with times that aren't as good, and trying to divert our attention away with all this bullshit about wall street bets and so forth.

What kind of fucked up, backward, outdated business model is that? Remember when stock brokers charged like a hundred bucks in commission with the same excuse? Yep, they got their lunches eaten by Robinhood et al. So you're right, I really didn't care about wall streets excuses about why I needed to pay high premiums on stock purchases and I don't care about bullion sellers excuses about why I need to pay overt 50% premium to buy silver. You know why? Because not every dealer is gouging people and they are still happily in business, so I know the excuses are bullshit.

If you don't want to see comparisons or a record of what dealers are doing or you're not interested in that, it's cool, then don't help, simple as that.

/r/Bullion Thread Parent