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New laws for Coin Store Owners in Oklahoma seems a little invasive...what are your thoughts...?
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<p>[QUOTE="NorthKorea, post: 2531814, member: 29643"]Medora hit it spot on, here. Yes, Mike, losing $150 over two weeks (10 business days) sucks, but how is it any different than gaining $1000 over two weeks when silver bubbles? Personally, I'm pretty sure that silver being purchased is accrued inventory. The main downside is that, if it is, indeed, stolen, the shop owner's only recourse is to recover the money from the individual who sold the stolen goods to them.</p><p><br /></p><p>Assuming everything is legitimate, the 10 day holding period means nothing. If someone comes in to buy silver, they'd buy out of the inventory, anyway. The only scenario under which the owner loses is a very specific and unlikely one, where a buyer comes in offering to buy all the silver the shop owner has. In that case, I'm pretty sure that someone buying 100 ozt of silver likely has more than 2000 ozt in inventory anyway. Why? Well, generally speaking, most businesses don't like to increase their inventory more than 5% in a given day, unless they're getting a great deal. If they are getting a deal, the odds of the goods being stolen increases, accordingly.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 2531814, member: 29643"]Medora hit it spot on, here. Yes, Mike, losing $150 over two weeks (10 business days) sucks, but how is it any different than gaining $1000 over two weeks when silver bubbles? Personally, I'm pretty sure that silver being purchased is accrued inventory. The main downside is that, if it is, indeed, stolen, the shop owner's only recourse is to recover the money from the individual who sold the stolen goods to them. Assuming everything is legitimate, the 10 day holding period means nothing. If someone comes in to buy silver, they'd buy out of the inventory, anyway. The only scenario under which the owner loses is a very specific and unlikely one, where a buyer comes in offering to buy all the silver the shop owner has. In that case, I'm pretty sure that someone buying 100 ozt of silver likely has more than 2000 ozt in inventory anyway. Why? Well, generally speaking, most businesses don't like to increase their inventory more than 5% in a given day, unless they're getting a great deal. If they are getting a deal, the odds of the goods being stolen increases, accordingly.[/QUOTE]
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New laws for Coin Store Owners in Oklahoma seems a little invasive...what are your thoughts...?
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