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View Full Version : Q? to you all


Infidel
03-26-2004, 12:30 AM
well 2 questions

i have sent tulving my cash, unfortunately i have to leave town on business and the bags would not come in time. I asked him to hold off on sending them till the 3rd or 7th of april.

So questions are such

I secured purchaise at 7.59.

1) would it be ok to ask to release the bags and put a buy order later, given that he has my cash already would he do i?

2) Should i do it?

Infidel
03-26-2004, 12:44 AM
given he is selling them right now at 7.50

lhslancers
03-26-2004, 12:49 AM
Bad kharma. Live up to the deal. You'll feel better about it. Be a sport for 9 centavos amigo.

Infidel
03-26-2004, 02:30 AM
Thanks

i have no problems with market flux i was hoping for a short term "wait" advice, you know like if the silver would be at 7 shortly or something like it.

Bullionaire
03-26-2004, 08:47 AM
You have locked in a price....Tulving has agreed to sell you silver, made his profit, and adjusted his inventory....the market may go to 5, maybe 10, who knows....you have struck a deal.........GLTU

AuNuggets
03-26-2004, 05:59 PM
Hannes would probably be willing to work out a deal with you along the lines of what you are considering, BUT...... you have already committed to the first deal, so you would likely have to "re-sell" the first deal back to him, and then work from THOSE proceeds. If done so prior to shipping of the first deal, he might also give you credit for the un-used shipping charges. He's a fair and honest man to deal with, but don't expect more than is realistic from the point of the dealer. Either way, a quick turnover on such short notice is going to result in a net loss due to profits and premiums unless you sell back into a strong up-tick in spot silver. Tulving's buy/sell spreads are currently at $200 a bag I believe. And since you are buying much closer to recent highs than recent lows, that is another risk factor that must be considered. But once the deal is confirmed, don't expect to be released from it based on a price fluctuation. Several times in the past, I have sold gold in various forms on eBay, only to have buyers sit and wait for many days or weeks for the market to move in their favor, expecting me to hold the item(s) for them in the meantime. What if I were to accept their payment, but then hold off on shipping the item(s) after the market had fallen back into a more favorable level for me ? I think in most cases, those same people would be screaming bloody murder.

porfiry
03-26-2004, 08:54 PM
These guys are right on target. You have already bought the silver. You need to pay ASAP. Whether Tulving will be willing to store your silver at his place is up to him, although he will very likely work with you seeing as things happen and that is part of good service.

Apatriot
03-26-2004, 09:11 PM
Accept your order.you will be happy as a pig in sh*t as soon as silver doubles shortly.

Tn...Andy
03-26-2004, 09:43 PM
I bought 4 bags a month or so ago....and of course, hit the high for that week....about 6.50.....next day or two it had run down to 6.20 or so......but I made the deal and stuck to it, even though I told Tulving I was gonna be out of town and DON'T ship it for a couple weeks, as UPS is bad to just set stuff out on the porch.....

Now silver is in the 7.70ish range......I'm a buck twenty up on 2800 ozs.....better than 3 grand in less than 2 months. Worked out fine.....and in the LONG run, will work out even better.

Halophyte
03-27-2004, 12:27 AM
I could care less about a 25 or 50 cent swing for my smaller orders but the big guns buying here do need to be careful, when it could mean several potential oz's lost in a deal. But a deal is a deal.


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Infidel
03-27-2004, 03:56 AM
<thanks for all the answers im a newbie. i am just traveling and wouldnot be able to accept my bags. other than that the monyis his alreay. sorry for spelling mistakes swiss kezyboards suck.