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You don't get it how it works. They buy scrap gold at absurd discounts, smelt it into bars acceptable by CME standards and sell futs with intent to deliver. Regardless, why fight the trend. Gold and especially silver have been suppressed by the futures shorts.

They batch multiple trades by many traders into one order, hence why they able to offer such low commissions and still make a killing on overrides. HLV used to do the same until Penson said "no more".

If you knew how to trade gold & bullions, you would change your opinion. When it comes to risk/reward, much better opportunities in bullion.

You're out of touch with reality and the facts. Look at the Fed interest rates over a few decades. The trend is down into the ground. Rates are not going to rise by any significant amount. Unemployment will only grow. USD is well on its way to being devalued. Regardless, the world has...

Is that a serious question?

Probably? You will have to advertise, with cheesy craigslists ads and "job" postings on career sites. You will also need to have your current guys try to recruit others and give them a piece of the override. Are you a trader yourself? If you are, why are you not talking to your own firm...

It is prisoner's dilemma since the two prisoners are in a cell together before they get separated and have a general idea of what their situation is.

Ehh, that is not the story from the industry. Commercial real estate is in a worse position than residential and it is still a waiting game. Neither the banks nor the owners want to let the sh*t hit the fan but eventually something has to give. There is too much commercial real estate and...

How exactly did they win if they needed a bailout because of the bad loans on their books. They did win the bailout money, but outside of that they were in the hole like everyone else.

Transaction costs via spread. [B] Transaction costs again. Does not make sense if you're active buyer/seller of oil. That's why large USD reserves are held by active participants in oil.

No you do not have to do that. You can use Thermal Conductivity test, Magnetic Field test, Acoustic Resonance, X-Ray and more. So on the contrary, Assaying would detect tungsten.

How is it wrong? The dollar has been losing value over the last 35 years, albeit a few hiccups, money supply & debt all across the board has been exploding. Cost of living has gone up to unsustainable levels. The largest state in US, which is more significant than most nations, has pretty...

You state that going out there and winging it is a sound business strategy on borrowed money. Signing a 7 year lease is sensible even though you have no clue if you can meet it for the next 12 months. This is the type of attitude that is predominant in today's small businesses that are now...

Besides the namecalling, it does not help your case to point to individuals/families who were/are some of the biggest scumbags on the face of the earth. "Businessmen" is a kind term for them. They did not have expectations of future revenue, they made it happen any way possible, including...

$8mil AUM is way too low. Whatever gains you will make, if any, will be eaten up by operating & administrative costs. If you think that you will quickly raise more funds, you are wrong. It will take years as it's obvious you are new to this and have no credibility in the space. I don't...

I don't think you live in reality sometimes and your friend's business is obviously a by-product of the mortgage/credit bubble. Where did all his customers go? Obviously they don't have the credit lines to buy his goods anymore. Obviously his goods teer toward luxuries rather than...

I don't like the poster but he is right and you are wrong. The signs were clear. If you are a business owner that does not make it his duty to understand how the economy works in the nation you are in, you only have yourself to blame when the obvious happens. Most of these small...

I would love to see BAC, Citi JPM and all other big banks fail. Tough sh*t for the depositors, as the risk in inherent whenever you bank in a fractional reserve banking system. I keep minimal amount of funds in the bank, even though my bank is Canadian. I don't trust any bank under fractional...

So how much do you get paid per post? Enough to score yourself some crack?

He is correct for the most part. Most of these small businesses are excess. Idiots who think they can run a business and then go finance it with excessive debt. I pay close attention in the NY neighborhoods to the retail spaces. It's pretty obvious which businesses were never meant to exist...