The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
'nobody should be selling to dealers below spot'.
Why should dealers have to pay spot? They can refuse to pay anything if you do not give them a cast-iron guarantee about authenticity. How do you propose to do this?
DYR
Thanks for your reply breaktwister. Good luck with Ebay. I have checked them. They all seem to be professional dealers selling well over spot. They also include shipping+insurance and guarantees of authenticity.
Its another story If you want to sell privately on Ebay you have to pay Ebay 10 per cent and PayPal another 3 per cent for transferring the funds, plus you will have to pay shipping+insurance. But the biggest drawback is, how do you get seen on Ebay? Only if you offer a big discount. But who is going to trust you? Perhaps you are genuine but was conned into buying fake coins. Another point, at the moment everyone is trying to stack silver. But when the price hits £100 an ounce, everyone will be trying to sell and very few will want to buy. HAGD
donalb, would you kindly explain why Euribor has relevance. Is it not for interbank transactions only, up to one year max.? My point was that, since late last year when interest rates went up by approx. 4 per cent, IG can earn 4 per cent on its bank deposits, so effectively nullifying ISCID's ruling.
Re approximation symbol. I am sure it is clearly visible on your computer in 'word', but it does not translate well using this platform. Mathematicians beware.
What is your problem Oilfieldhand / amateur optometrist?
Thanks, One person's enlightenment is another's befuzzlement.
My glasses are from Specsavers. They are designed for a distance of 30 cm from the computer screen on my PC.
Another pair is for long distances. For close up reading I don't need glasses. Life can get complicated.
Anyway, about time the ITI's paid up. I see they doing an 8 billion $ deal with the Libyans for gas. So $200 m would be a drop in the ocean