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<p>[QUOTE="Conder101, post: 2097459, member: 66"]If you had made a commitment to sell for $3.00 an oz, Yes. Honoring commitments HAS to be a two way street though. If you make a deal to buy at $17 and it drops to $16, you pay the $17. But if it rises to $18 you should still only have to pay the $17. Commitments typically come with time limits on them though. You agree to buy at a price and you will pay Friday but you don't come in til Saturday you have broken your commitment and will have to broker a new deal. if he is willing to deal with you at all. The PM market deals a lot in trust. You break commitment and show yourself to be untrustworthy and everything become cash up front.</p><p><br /></p><p>As far as them saying they have more than that in the bullion, that's their problem. If they aren't willing to sell it at market and take the loss there is always someone else that will sell at market. After all he won't pay more than market for you bullion when the market goes against you. Has to be a two way street, always.</p><p><br /></p><p><br /></p><p>Sounds like a bar you could buy real cheap before too long.</p><p><br /></p><p><br /></p><p>I believe it, my only question is whether he smartened up, sold out, or went out of business. OK, that ot answered.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2097459, member: 66"]If you had made a commitment to sell for $3.00 an oz, Yes. Honoring commitments HAS to be a two way street though. If you make a deal to buy at $17 and it drops to $16, you pay the $17. But if it rises to $18 you should still only have to pay the $17. Commitments typically come with time limits on them though. You agree to buy at a price and you will pay Friday but you don't come in til Saturday you have broken your commitment and will have to broker a new deal. if he is willing to deal with you at all. The PM market deals a lot in trust. You break commitment and show yourself to be untrustworthy and everything become cash up front. As far as them saying they have more than that in the bullion, that's their problem. If they aren't willing to sell it at market and take the loss there is always someone else that will sell at market. After all he won't pay more than market for you bullion when the market goes against you. Has to be a two way street, always. Sounds like a bar you could buy real cheap before too long. I believe it, my only question is whether he smartened up, sold out, or went out of business. OK, that ot answered.[/QUOTE]
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