If that is so, why is it that some gold holders are not able to sell their property? Some gold-holders even offer to sell below what the gold holder's appraiser's value. Remember, a profit isn't made until the property is sold, so for a seller to say that my property is worth this, means nothing. Now perhaps that seller can justify and educate the buyer as to why he or she feels the value is x, but the buyer is the one who has to agree. If the buyer says, "I don't think so," the seller's profit is zero. I can think of one case when the seller dictates the value, and that is when the property is scarce and there are willing and able buyers hoping to purchase at the price being asked. If you have the only property listed in a desirable neighborhood, and you can afford to pay the mortgage, you can stick to your guns. One other thing to remember is that unless your buyer is paying cash, the property has to appraise, so the sky is not always the limit, even in cases of scarcity.
Bobby your correct but my point is if the prices stop dropping the market will change
If everyone is "dumping" it at 150, that means that the demand is high, and supply (scarcity) is low, and prices will increase until a balance of supply and demand is reached. If you want to hold out for 250 while others sell at 150, that is your right, but you wont be selling for a while, so you might as well take your gold off the market until the price which buyers are willing to pay, matches the price you want to receive.In this case if everybody starts dumping gold for 150 how long before were at 120? and so on it just gets worse someone has to say no its worth 250 and thats what I want. If not by by Gold you now have nothing more than yellow rocks.
