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Suspected coin dealer employee seeking arbitrage - lowest of the low
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<p>[QUOTE="GDJMSP, post: 869148, member: 112"]Not at all.</p><p><br /></p><p><br /></p><p><br /></p><p>Seems to be extremely efficient to me. The company is selling their product at a price they agree with.</p><p><br /></p><p><br /></p><p><br /></p><p>No, it isn't profiteering from insider knowledge. It is profiteering from buying cheap and selling higher. It's called capitalism.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes !</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>No.</p><p><br /></p><p><br /></p><p><br /></p><p>Why ? The collectors are doing the bidding. They are the ones who choose how high to bid - not the seller.</p><p><br /></p><p><br /></p><p><br /></p><p>His employer probably loves the guy ! His employer is selling his product at a price he agrees with, without having to do any marketing or incurring other costs. The employer would probably fall all over himself to be able to hire 10 more like this guy !</p><p><br /></p><p><br /></p><p><br /></p><p>They aren't selling at their cost. You can be assured they are making a profit.</p><p><br /></p><p><br /></p><p><br /></p><p>As I said above, he is not buying at cost. But he probably is buying at wholesale. The practice you describe takes place at every single day, all day long. Every coin dealer there is sells fully 80% of his coins to other dealers - at wholesale. And they love doing it ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 869148, member: 112"]Not at all. Seems to be extremely efficient to me. The company is selling their product at a price they agree with. No, it isn't profiteering from insider knowledge. It is profiteering from buying cheap and selling higher. It's called capitalism. Yes ! No. Why ? The collectors are doing the bidding. They are the ones who choose how high to bid - not the seller. His employer probably loves the guy ! His employer is selling his product at a price he agrees with, without having to do any marketing or incurring other costs. The employer would probably fall all over himself to be able to hire 10 more like this guy ! They aren't selling at their cost. You can be assured they are making a profit. As I said above, he is not buying at cost. But he probably is buying at wholesale. The practice you describe takes place at every single day, all day long. Every coin dealer there is sells fully 80% of his coins to other dealers - at wholesale. And they love doing it ![/QUOTE]
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Suspected coin dealer employee seeking arbitrage - lowest of the low
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