Commodities For Dummies
Posted: Wed Mar 25, 2020 10:05 pm
How do you explain commodities to an idiot?
Back story: A friend agreed to do a job for me. The job was worth about $200 ~ $250. He's a fellow shooter and I asked if he wanted to be paid in ammo. He agreed and I told him I'd give up 1000 rds. of 9mm as payment (this was 6 months ago when it was still cheap).
After dragging his feet for awhile, he finally completed the job. Yesterday, I gave him the 1000 rds. as agreed and while handing it over I (jokingly) told him that 9mm is worth a lot more today then when we made this deal. "I hope you're going to give me some change!" I said. We both laughed at that. He left with the ammo and all was good.
Today, he texts me a link to an online vendor (Target Sports) showing 9mm @ .18/rd. "WTF"? he texted.
I told him that was an old price and that ammo is sold out. If you can't buy it @ that price, it ISN'T that price. They don't update their website if something isn't in stock. I sorted by price and checked the "In Stock" box which left only four choices @ .80/rd.
He still doesn't get it. He thinks I took advantage of him because 9mm is still only .18/rd.
I give up. Hopefully I'll catch the crud and die before I have to see him again...
P.S. - If anyone has gold @ $700/oz., I'm buying.
Back story: A friend agreed to do a job for me. The job was worth about $200 ~ $250. He's a fellow shooter and I asked if he wanted to be paid in ammo. He agreed and I told him I'd give up 1000 rds. of 9mm as payment (this was 6 months ago when it was still cheap).
After dragging his feet for awhile, he finally completed the job. Yesterday, I gave him the 1000 rds. as agreed and while handing it over I (jokingly) told him that 9mm is worth a lot more today then when we made this deal. "I hope you're going to give me some change!" I said. We both laughed at that. He left with the ammo and all was good.
Today, he texts me a link to an online vendor (Target Sports) showing 9mm @ .18/rd. "WTF"? he texted.
I told him that was an old price and that ammo is sold out. If you can't buy it @ that price, it ISN'T that price. They don't update their website if something isn't in stock. I sorted by price and checked the "In Stock" box which left only four choices @ .80/rd.
He still doesn't get it. He thinks I took advantage of him because 9mm is still only .18/rd.
I give up. Hopefully I'll catch the crud and die before I have to see him again...
P.S. - If anyone has gold @ $700/oz., I'm buying.