I visited two gold stores today. No shortage of customers. One store had eleven walk-in customers sitting around waiting to be served. There are three counter employees at this store, I've never observed a transaction that was very fast. Buyers like to look, sellers take more paperwork. They don't sell anything I can't live without, and I hate wasting any portion of what's left of my life waiting around. So I left and went to a second store I've patronized over the years. In that store, no waiting. But I got a bit lucky because in the ten minutes I was there, three customers came in behind me.
The owner of store no. 2 said they couldn't keep any gold in stock. They had a few odds and ends but regular bullion coins and bars he is selling on an order basis. The two gold stores I visit are always busy these days.
Crowded stores with eager bullion customers doesn't auger well for the US Dollar. It shows a lack of faith residing in at least part of the populace. I read stories online that say retail interest in buying bullion is low. I haven't seen this lately in my limited perspective. My experience is the opposite around here.
Don't get any ideas of trying to boost a gold store. One time when I was in store no. 2, I asked if they minded if I carried concealed while I was on their premises. They said it was okay to come in armed and concealed. They then said they were already armed, and showed me four different places where they had guns concealed.
The owner of store no. 2 said they couldn't keep any gold in stock. They had a few odds and ends but regular bullion coins and bars he is selling on an order basis. The two gold stores I visit are always busy these days.
Crowded stores with eager bullion customers doesn't auger well for the US Dollar. It shows a lack of faith residing in at least part of the populace. I read stories online that say retail interest in buying bullion is low. I haven't seen this lately in my limited perspective. My experience is the opposite around here.
Don't get any ideas of trying to boost a gold store. One time when I was in store no. 2, I asked if they minded if I carried concealed while I was on their premises. They said it was okay to come in armed and concealed. They then said they were already armed, and showed me four different places where they had guns concealed.