Hgm

[Silverhunter]

Hi guys 

i was trying to shop on h g m today for 2 gold coins I saw both of then were out of stock then looking closer they have very little stock overall is this common for them?

[ArthGoch]

Buying from HGM usually mirrors the spot price and is indicative of the supply v demand equilibrium. When gold is perceived as expensive stock levels usually rise as people cash in on the price and people stop buying. When prices drop people don't want to sell, but people are looking to buy; thus stock levels drop.

HGM update their listing as and when stock becomes available, thus it is also a good thing to log on a few times a day to see what has come in. Under the old web format you were able to set up alerts from specific items and which worked well. Since they have had the revamp not so certain how well this now works

[sovereignsteve]

6 hours ago, ArthGoch said:

When gold is perceived as expensive stock levels usually rise as people cash in on the price and people stop buying. When prices drop people don't want to sell, but people are looking to buy; thus stock levels drop.

I would imagine they have lost money recently as they've been carrying a fair bit of stock for weeks bought at higher spot prices. They seem to have sold most of it recently at lower prices levels. Hopefully their buying/selling in the meantime will have kept profitability and liquidity stable.

[Paul]

8 hours ago, Silverhunter said:

Hi guys 

i was trying to shop on h g m today for 2 gold coins I saw both of then were out of stock then looking closer they have very little stock overall is this common for them?

@mr-dead might have something to do with that 

[TheGoldSovereign]

Not many people sell immediately after a sharp price decrease. If we stay here for a few weeks then stock will come back.

[Silverhunter]

1 hour ago, sg86 said:

Not many people sell immediately after a sharp price decrease. If we stay here for a few weeks then stock will come back.

Yep I agree it was just the very low stock that surprised me virtually everything was out of stock

[mr-dead]

HGM is selling gold fast,

They had 10 1oz Britannias pop up on there earlier and I was going to grab a couple, went back a short while later and all gone.

[Silverhunter]

4 hours ago, mr-dead said:

HGM is selling gold fast,

They had 10 1oz Britannias pop up on there earlier and I was going to grab a couple, went back a short while later and all gone.

That is good news

[Daz147]

HGM site has had a mini make over, % over spot figures are back

[Pipers]

HGM is not the bargain site it used to be, I always look at other sites now who are around the same price.