QUOTE(property101 @ Aug 25 2011, 12:08 AM)
a question, wonder how the sellers handle the volatility of the spot price. consider this scenario, today's morning spot price is usd40, one customer called u to locked the price and promise to bank in money to you on next day. but in the night time, price falled to usd38, assuming this client is buying a large amount like 30-50oz at a go, and he say he want to cancel the morning order (usd40) and place a new order at night time price (usd38), is it common for the seller to agree to this? or is there anything the seller can do?
The seller may or may not agree to this. But whatever his decision would be, he will be a lot more cautious with this buyer in future. Insurance measures to cater for this buyer's tendency for changes may be implemented, like asking for payment in advance, higher deposit, shorter timeframe for payment, or put in higher margin, etc. Some sellers may even blacklist the buyer.
So a buyer who does this may get a slightly better deal for 1 time, but may not be able to get anymore good deals in future.
Personally I feel that to be a successful seller, buyer, or investor, integrity is a very important criteria. We cannot do it alone, and people that will become our partners of success are drawn to us by our good integrity.
Added on August 25, 2011, 12:37 amQUOTE(GoldChan @ Aug 24 2011, 10:43 PM)
Hi,
let make things simple. Can offer to you all Morgan, Sunshine or silver towne 1 oz bar :- RM143/oz COD 1st come 1st serve.
self-collect cyberjaya. min order 20 oz per person. valid till spot < USD41.50
Interested email me wkchan1991@gmail.com
COD by Thursday.
Hey GoldChan, spot dropped <41.50 too fast. When I saw your msg it's already wayyyyy below. LOL
Too bad, will have to wait for another good offer.
This post has been edited by cruzzie73: Aug 25 2011, 12:37 AM