Mover Mike

Here’s a hoot!

I received this email today:

I was wondering if you could help me with something. I
am looking for large orders of gold bars to buy at a
discount. Very large orders. It’s for an asset
management firm. I am looking for the following :
12.5kg bars (400oz), 999,5% or better. Target price
LMER 2nd fixing. Discount 8%-10% gross.
We will provide LOI, NCND &MFPA after which FCO is
required. Do you know any sellers.

I replied: With Central Banks short 10,000 to 15,000 tons of gold, why in the world would anyone sell you size at a discount? No I can’t help you.

Note to readers: If you are stupid, I can put you in touch with the buyer.

Tags: Gold //
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