4 ms·
It's unclear to me why so many people seem to think it is difficult to sell precious metals? I can sell my silver gold down the street for 95% of spot any day,
by kylebenzle 3y ago
It's unclear to me why so many people seem to think it is difficult to sell precious metals? I can sell my silver gold down the street for 95% of spot any day, or if I want to wait for a check in the mail I can send it overnight to Max and get 99% spot.
Within 48 hours I can easily convert my precious metal to bitcoin, cash or get a check. People's general fear of holding and using gold seems to be very similar to the unfounded concerns with Bitcoin. I think people just don't trust themselves with money.
- pcdoodle 3y agoAnother speculation: people hate making financial decisions with any perceived risk. Fear of Shame. So imagine the cognitive dissonance when a sizable "team" picks a product that's not part of the perceived friendly and safe. These "alternative" products also require responsibility without anyone else to blame but yourself for mistakes.