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<p>[QUOTE="Sean Parker, post: 8322268, member: 137474"]Reply to all you guys <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Heavy Metal:</p><p><br /></p><p>I've always offered 90% since day one. If they throw a fit I tell them to kick rocks. If they want to deal with grown adults throwing tantrums like children all day and get a gun stuck in their face every other time they turn around for less than 10% proffit, then more power to them. They can open a shop right next door to mine and I'll quit buying all together - I'll tell everyone that walks in my place to go over to theirs's. And just laugh when I come in one morning and see police tape over their door and them being wheeled out by the coroner. The level of entitlement is INSANE.</p><p><br /></p><p>stldanceartist:</p><p><br /></p><p>I know that song and dance very well. Since very early in my career, the only two sounds I hear when a customer comes in is the door opening and the door closing. I don't hear a word any of them say. I've got a rolodex of canned responses in the "autopilot" part of my brain.</p><p><br /></p><p>baseball21:</p><p><br /></p><p>No metal of any kind is a good *investment.* Short or long term. You can either make money flipping it or, if you have the resources, you can buy a ton when spot is relatively low and squat on it for a decade or more. In the latter case, there are a zillion other things you could do with that sum of money to make a ton more in the same amount of time.</p><p><br /></p><p>You can dodge the penalties by not buying from and selling to businesses. Like any casino game, the math is in the house's favor. You can avoid having to be in the right place at the right time by chance: Post on craigslist or somewhere your target audience will be looking that you'll be at a certain location at a certain time. (That's how all those 'hotel buys' that where all the rage a while back worked). If you target the right demographic, they'll show up. Buy at a price you're comfortable with. When it's time to sell them, advertise them on places like FB marketplace. Buyers will come to you. As long as you're not completely obscene with your price, the stuff will sell itself. It takes a little effort (and common sense to stay alive), but money can be made with the stuff.</p><p><br /></p><p>(I know less than nothing about how the mints work)</p><p><br /></p><p>Heavymetal again:</p><p><br /></p><p>That's the most accurate explanation of how spot works I've seen yet! Pure alchemy as far as I can tell! If you told me a magic 8 ball was involved, I wouldn't doubt it. Not that I take it as the gospel, but I look at Kitco for whatever they use as bid for buying and ask for selling. Whether or not it's "spot" on, I still make my 10ish%. Sucks when it takes a nose dive five seconds after I buy it though..</p><p><br /></p><p>Side note - does anyone remember when Platinum was $500 per troy a little while back for reasons unknown?[/QUOTE]</p><p><br /></p>
[QUOTE="Sean Parker, post: 8322268, member: 137474"]Reply to all you guys :) Heavy Metal: I've always offered 90% since day one. If they throw a fit I tell them to kick rocks. If they want to deal with grown adults throwing tantrums like children all day and get a gun stuck in their face every other time they turn around for less than 10% proffit, then more power to them. They can open a shop right next door to mine and I'll quit buying all together - I'll tell everyone that walks in my place to go over to theirs's. And just laugh when I come in one morning and see police tape over their door and them being wheeled out by the coroner. The level of entitlement is INSANE. stldanceartist: I know that song and dance very well. Since very early in my career, the only two sounds I hear when a customer comes in is the door opening and the door closing. I don't hear a word any of them say. I've got a rolodex of canned responses in the "autopilot" part of my brain. baseball21: No metal of any kind is a good *investment.* Short or long term. You can either make money flipping it or, if you have the resources, you can buy a ton when spot is relatively low and squat on it for a decade or more. In the latter case, there are a zillion other things you could do with that sum of money to make a ton more in the same amount of time. You can dodge the penalties by not buying from and selling to businesses. Like any casino game, the math is in the house's favor. You can avoid having to be in the right place at the right time by chance: Post on craigslist or somewhere your target audience will be looking that you'll be at a certain location at a certain time. (That's how all those 'hotel buys' that where all the rage a while back worked). If you target the right demographic, they'll show up. Buy at a price you're comfortable with. When it's time to sell them, advertise them on places like FB marketplace. Buyers will come to you. As long as you're not completely obscene with your price, the stuff will sell itself. It takes a little effort (and common sense to stay alive), but money can be made with the stuff. (I know less than nothing about how the mints work) Heavymetal again: That's the most accurate explanation of how spot works I've seen yet! Pure alchemy as far as I can tell! If you told me a magic 8 ball was involved, I wouldn't doubt it. Not that I take it as the gospel, but I look at Kitco for whatever they use as bid for buying and ask for selling. Whether or not it's "spot" on, I still make my 10ish%. Sucks when it takes a nose dive five seconds after I buy it though.. Side note - does anyone remember when Platinum was $500 per troy a little while back for reasons unknown?[/QUOTE]
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