This is all true. Exchangers do not have an infinite supply of inventory,
On the other hand, GK would seem to be a guy with lots of resources. I gather it takes $1000 minimum order and you can get DMT/ALTA by bank wire. Of course, then GK would have a bit more than he has customers on hand for.
percentage fee, which is often less than the price moves in one day.
On the plus side, sometimes you are holding inventory when the price moves the right way.
difficult in this industry.
It is. I think government makes it more difficult, and not a jot less risky.
And people here pay 8.25% (tax) on every thing they buy and don't even blink an eye.
True, John, but they get that really high quality Harris County flood control that we've been witnessing the last few days, not to mention that about 1.5 cents per dollar of sales is tax for the lovely $9.9 billion "light rail" program that will handle less than 1% of Houston's traffic.
Aren't you glad you aren't getting all the government that is being paid for? <smile>
I would consider it far too much trouble, if I didn't like my job.
Well, you can always raise your rates.
Regards,
Jim
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