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RE: Why are some bullion products so much more expensive than they should be?

in #steemsilvergold6 years ago

Yeah, I agree and I do think the mints know what's going on as they the ones supplying the dealers or agents like in case of rm. problem is a dealer exclusive means they have sole control over the price. Plus add a lower mintage than typical demand and that's going to create a lack of supply, Create the frenzy they want and i do feel that look at the emu or new bird of paradise and they asking more and a lot are falling for it. Soon we all be paying more for that 1oz with a design on it. I've not bought any swans or other over inflated priced coins regardless of low mintage. Rather still buy kooks, koalas or queens beast etc much better value. but at some point they will be killed off as one leads then all others follow. How it all works they offer you the next new amazing thing. Then it turnsout to be a trap, to extort you for more. Take cd's they cost less to make than cassettes did but cost more as better quality sound.
So For me I'm not buying these sort of coins outta principle. After all they are bullion and not a proof and really no better than a kook IMO even though there at least 10 times less of them produced.

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Very true! I have backed off all the "new releases" unless the design means something to me personally. And even then, I only buy one or two, not in bulk. Bulk is for my stack not the collection. Sometimes I'll buy a piece because I want to do a vid on it but usually even those I have some kind of personal interest in otherwise I wouldn't like doing all the research and production involved with putting the content together! lol