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Silver Eagle pricing. I don't understand.
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<p>[QUOTE="Cherd, post: 8560545, member: 24754"]Forgive me if I'm wrong, but I'm assuming that this post is referring to one of mine?</p><p><br /></p><p>If you are doing these things, then you are providing a service (some value) for whatever profit you make in the end (not sure how it scales, but it's not zero).</p><p><br /></p><p>But this is not analogous to the APMEX example given in the OP, which is the scenario about which I was commenting. They are simply buying low and selling high (extracting profits without doing anything productive). This bare bones function of a middle-man provides no value.</p><p>--------------------------------------------------------------------------------</p><p><br /></p><p>I think the lesson that I'm learning is that I need to be more euphemistic with my word selection around here, as any word with any possible negative connotation (exploit, no value, manipulate, etc) is assumed to be meant in the worst possible way. Nothing that I've said in this thread was meant to be insulting to anybody, I'm just accustomed to selecting words that explicitly and directly express the point that I'm making. </p><p><br /></p><p><br /></p><p><br /></p><p>I wouldn't call these people "middle-men", because they do not operate between transactions. However, this is definitely another example of profit being extracted from a system while providing no service.</p><p><br /></p><p>These people do not provide value in any real sense, however, this does not mean that they aren't necessary, or that they are doing anything immoral. They have simply managed to put themselves in a position where they can make money while not actually doing anything productive. (Just like people that make money by buying low and selling high)[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 8560545, member: 24754"]Forgive me if I'm wrong, but I'm assuming that this post is referring to one of mine? If you are doing these things, then you are providing a service (some value) for whatever profit you make in the end (not sure how it scales, but it's not zero). But this is not analogous to the APMEX example given in the OP, which is the scenario about which I was commenting. They are simply buying low and selling high (extracting profits without doing anything productive). This bare bones function of a middle-man provides no value. -------------------------------------------------------------------------------- I think the lesson that I'm learning is that I need to be more euphemistic with my word selection around here, as any word with any possible negative connotation (exploit, no value, manipulate, etc) is assumed to be meant in the worst possible way. Nothing that I've said in this thread was meant to be insulting to anybody, I'm just accustomed to selecting words that explicitly and directly express the point that I'm making. I wouldn't call these people "middle-men", because they do not operate between transactions. However, this is definitely another example of profit being extracted from a system while providing no service. These people do not provide value in any real sense, however, this does not mean that they aren't necessary, or that they are doing anything immoral. They have simply managed to put themselves in a position where they can make money while not actually doing anything productive. (Just like people that make money by buying low and selling high)[/QUOTE]
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Silver Eagle pricing. I don't understand.
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