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<p>[QUOTE="Tokens, post: 3430939, member: 102263"]Your claim was that there was a bullion wholesaler who, as a function of their business, sold under spot.</p><p><br /></p><p>You applied an infantile grasp of the wholesale/retail dynamic from, say, a grocery store and assumed that must apply to comex delivery.</p><p><br /></p><p><u><b>The bottom line here is you lied; you made a false statement, and there's no amount of specious theorizing, abstract riffs or "links" that can extinguish them. This is why you simply don't name this mysterious wholesaler and instead, just provide your own personal theories on markets you don't understand. </b></u></p><p><br /></p><p>The amusing thing is, you're vastly more likely to encounter a RETAILER selling below spot than a wholesaler (where the margins are ridiculously small), particularly in market conditions where there have been big rips and their cost basis is low, or near tops when prices are high but the buyers start to dissolve. A wholesaler below spot would present an instant arbitrage opportunity and would be drained of all the physical metal they had, instantly.</p><p><br /></p><p>The idea that someone is wholesaling precious metals meaningfully below spot (beyond short term shifts on options contracts) as a default function of their business is as absurd a statement as my saying I have a "secret retailer" who sells me gold coins for half off spot. You just don't realize how absurd it is, because no amount of linking to webpages hides the fact that you don't understand the market dynamics, so you've fallen into the classic liars trap of saying something blatantly untrue that may sound plausible to other ignorant parties, but is laughably absurd to someone who isn't.</p><p><br /></p><p>That the side is 'moderated' by someone who does this... says a lot about the site.[/QUOTE]</p><p><br /></p>
[QUOTE="Tokens, post: 3430939, member: 102263"]Your claim was that there was a bullion wholesaler who, as a function of their business, sold under spot. You applied an infantile grasp of the wholesale/retail dynamic from, say, a grocery store and assumed that must apply to comex delivery. [U][B]The bottom line here is you lied; you made a false statement, and there's no amount of specious theorizing, abstract riffs or "links" that can extinguish them. This is why you simply don't name this mysterious wholesaler and instead, just provide your own personal theories on markets you don't understand. [/B][/U] The amusing thing is, you're vastly more likely to encounter a RETAILER selling below spot than a wholesaler (where the margins are ridiculously small), particularly in market conditions where there have been big rips and their cost basis is low, or near tops when prices are high but the buyers start to dissolve. A wholesaler below spot would present an instant arbitrage opportunity and would be drained of all the physical metal they had, instantly. The idea that someone is wholesaling precious metals meaningfully below spot (beyond short term shifts on options contracts) as a default function of their business is as absurd a statement as my saying I have a "secret retailer" who sells me gold coins for half off spot. You just don't realize how absurd it is, because no amount of linking to webpages hides the fact that you don't understand the market dynamics, so you've fallen into the classic liars trap of saying something blatantly untrue that may sound plausible to other ignorant parties, but is laughably absurd to someone who isn't. That the side is 'moderated' by someone who does this... says a lot about the site.[/QUOTE]
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