never sell your bullion to a dealer for under spot!

SCFY · Jul 21, 2013

justafarmer said: ↑

As a dealer - it doesn't matter what you paid for your inventory yesterday. As long as you set a reasonable spread based on today's prices; that maximizes the number of transactions while at the same time keeping your inventory at a consistent level, you are going to make money no matter what the market is doing. It is kinda like being a bookie. Why do you think they call it the point spread? You get too much action on one side you move your spread or lay it off as a hedge.

Is this back on topic?
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That is a great way to put it, and I think it makes a ton of sense. Thanks for a cool analogy.

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never sell your bullion to a dealer for under spot!

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never sell your bullion to a dealer for under spot!

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