What 's up with gold in the world?

I understand sir, I was simply making a point as to what is "retail' versus "wholesale" in that industry. Make it 400 pounds of copper Chris is selling, and I am still a "retail" customer, yet it is in excess of the $600. The weird thing about this industry is "retail" sellers get paid much less than "wholesale" customers. 20 years ago I was paid $.80 for good electrical scrap. Someone who can provide the yard with 5 tons at a time or more would get $.95 a pound. I know, I saw the invoices. On the other side, retail customers to BUY from the yards paid about $1.20 for good electrical copper scrap, while a wholesale buyer would only pay $1.10 or less. Retail versus wholesale is really more how far you are from the true market price due to quantity.

Maybe this point doesn't really matter, as I agree with your point overall. I was simply trying to educate others as to the nature of scrap yard buyers, and which is retail and which is wholesale in that market.

 

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You are educating them to your opinion but you are correct, it is irrelevant to the this topic.

 

bump. fatima

 

I am educating you as to how scrap yards works, and what a "retail" customer versus a "wholesale" customer is, and inasmuch as non ferrous metals were brought up as a possibility for the intent of the law, its very much relevant.

If you refuse to read and learn something you did not know, and remain firmly confident in your own intellectual superiority, that is your perogative.

Me? I like learning from others on the board here, who have different education, life experiences, knowledge, etc. I learn a lot here, but to do so I have to be open to the fact that I don't know everything, and never will.

 

You said wholesale was defined by B2B. Incorrect. You are offering anecdotal personal experience as proof of how scrap yards work, hence an opinion. In regards to the law and it's affect on scrap yards, it won't have any. I've explained why above and you have actually agreed to them.

Those are the facts and there isn't any need to make it personal which you often do.

 

Wtf do you know about scrap yards Fatima? How many times have you been to one? How many times have you sold or bought from one? You claim "facts" that are simply in your head. I have dealt with these firms, know the owner of one, and the only "information" you have on them is that which you make up and then convince yourself how you are brilliant. You name me one FACT you have added to this discussion.

Btw wholesale is NOT desribed as B2B? From Wikipedia:

Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.[1] In general, it is the sale of goods to anyone other than a standard consumer.

Again, what FACT have you added at all? Yours was simply an opinion. I have added a good definition of wholesale, explained what wholesale versus retail is in a scrap yard environment, and all you do is insult people.

 

Retail selling, as per the USA Manufacturers Blog

http://www.usamanufacturers.com/blog/pros-and-cons-of-retail-vs-wholesale-selling/

"Retail sale is a type of sales that is made *directly to the end users* and in relatively small quantities *whether at a physical store or online store*. It means you allow your customers to buy the variety of products in small quantity."

 

Thank you. It is as I said above. It's defined by quantity.

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Goodness, talk about taking a topic, off topic. Back to the topic the French law won't have any effect on the thievery of common metals targeted by thieves. It's only purpose, that I can see, is to establish a tracking system on who is buying gold bullion and coins.

 

I agree this is a fine definition of SELLING, but what about buying? Put it this way, do you think a dealer selling 100 Morgans will be able to get a better price than a collector selling 1? Change the coin to ASE if you want. Who do you think gets the better price? In this scenario, who is the "retail" seller, and who is the "wholesale" seller?

That was my point, and I am sorry if its off topic.