arbitage vs mygoldenvelope?

[Justin7]

I'm watching ST:TNG, and see a commercial for another company that wants to buy gold: mygoldenvelope. They claim that if another national advertiser offers more than they do, they'll double what the other company pays.

So all you have to do is find any company that pays at least 51% of fair value (and higher than this advertiser), and you have an arb!

Sportsbooks that open themselves up to unlimited arbs are generally rated D- or lower. SBR doesn't rate these gold services, but I would guess this one would start at a D-.

[flyingillini]

Justin, when is the next seminar you are teaching? I really enjoyed the one you posted, you are a very sharp guy. Also a very sharp dresser.

[Justin7]

Justin, when is the next seminar you are teaching? I really enjoyed the one you posted, you are a very sharp guy. Also a very sharp dresser.

lol!

I might do a few topics at the bash. I'm trying very hard to finish my book, and have it in print by then.

[flyingillini]

Will there be free copies for the bash attendees?

[Justin7]

Will there be free copies for the bash attendees?

The book isn't a piece of crap. Why would I give it away for free?

[flyingillini]

The book isn't crap. Why would I give it away for free?

I never said it was crap. It would be a nice read for the bash goers.

[Justin7]

I never said it was crap. It would be a nice read for the bash goers.

*if* it is finished by then, it will definitely be at the Gambler's Bookstore in Las Vegas. It might be available in the SBR store for points. It's hard to really discuss bash options when I can't tell when it will be out. My editor still laughs at me when I suggest the final version will be ready in July (so it can go to print in August).

[rm18]

SBR gives away like $700 per guy and no chance a book is given away

[IrishTim]

SBR gives away like $700 per guy and no chance a book is given away

The book will be worth a lot more than $700.

[wal66]

Justin, just once I want to see you start a thread about something like, "I like big titty blondes" or maybe a video of you disco dancing. Anything that tells all the members of SBR that your entire life isn't about edge, values and numbers. Don't take this to mean that you're not appreciated or liked Justin cause you are, just wanna see you do something that lets your hair down.

[Justin7]

Justin, just once I want to see you start a thread about something like, "I like big titty blondes" or maybe a video of you disco dancing. Anything that tells all the members of SBR that your entire life isn't about edge, values and numbers. Don't take this to mean that you're not appreciated or liked Justin cause you are, just wanna see you do something that lets your hair down.

You didn't care for my unidentified rodent/snake videos?

[BAUS]

What are some of the topics of your book?

BAUS

[Justin7]

What are some of the topics of your book?

BAUS

It focuses on trading and modeling.

[wal66]

You didn't care for my unidentified rodent/snake videos?

I must have missed them Justin.

[Masu485]

i actually like justin the way he is. i dont want my image of him ruined.

[durito]

The book will be worth a lot more than $700.

not likely

[BurtRapp]

Justin did you get cooz in HighSchool? Some of your threads are so boring. I know you are a millionaire but phuck.

[mathdotcom]

The point of this promotion is that you won't find another "nationally advertised" buyer offering more than them. For someone who has posted about cartels and prisoner's dilemmas, you should have caught this one: this meet-or-beat clause is to eliminate any incentive for their competitors to increase their buying price. If sellers are reasonably informed, these competitors are sure to lose all their customers. This way they can all coordinate on a low buying price rather than compete the price upwards.

Or they have a loophole somewhere and just want to convince customers they offer the best deal and there's no point shopping around.

These deals are everywhere, especially in electronics - do you think Futureshop/Radio Shack/etc. are that stupid?

[Justin7]

mathy,

The only way there won't be arbitrages is if there are serious antitrust violations going on. Is there a gold buyer's conspiracy to keep the retail purchase price of gold down? Perhaps. But if there is, this might be a better legal opportunity (for anyone armed with a 3rd rate law degree) than a measly gold arbitrage opportunity.

Thanks for the tip, Mathy. Now I only need a few class representatives that were hurt by this ant-trust violation to bring the class action.

Mathy, can I ask another favor? Can you scour the gold sites, and see what the best buy price is per ounce?

[mathdotcom]

Justin7, you are confusing tacit collusion with explicit or overt collusion. The latter is a criminal offense, whereas the former may be challenged under the Sherman Act (probably section 2). The end result of that would not likely be any damages but simply a change of market structure (ie. banning meet or beat clauses). To do so you would have to produce evidence that the clauses are anti-competitive, and at this point the evidence is purely qualitative. You'd be working for free, but good luck.

You watch too many movies with the FBI tapping the phones of CEOs.

PS: What do you think the harm was to your clients? A few lost % points on their "cash to gold"? If that sounds lucrative to you, then you are in rough shape.

[blix177]

Justin setup a company that buys gold at 75% of fair value. And bankrupt that other company. But I am sure that company has some clause that say they will buy at twice what other company is paying for but less than $800 per ounce or something like that.

[Justin7]

Justin7, you are confusing tacit collusion with explicit or overt collusion. The latter is a criminal offense, whereas the former may be challenged under the Sherman Act (probably section 2). The end result of that would not likely be any damages but simply a change of market structure (ie. banning meet or beat clauses). To do so you would have to produce evidence that the clauses are anti-competitive, and at this point the evidence is purely qualitative. You'd be working for free, but good luck.

You watch too many movies with the FBI tapping the phones of CEOs.

PS: What do you think the harm was to your clients? A few lost % points on their "cash to gold"? If that sounds lucrative to you, then you are in rough shape.

Mathy,

You need to stick to math where you're sharp. Tacit collusion can be enough to win an antitrust case - especially if the results of it seem irrational in a marketplace.

Keep up the research though. If this thing gets big, I might need co-counsel.

[mathdotcom]

Mathy,

You need to stick to math where you're sharp. Tacit collusion can be enough to win an antitrust case - especially if the results of it seem irrational in a marketplace.

Keep up the research though. If this thing gets big, I might need co-counsel.

Justin, for a lawyer you could really improve your reading skills. Read above. I said tacit collusion falls under the Sherman Act. So yes you can "win an antitrust case" by showing evidence of tacit collusion.

Especially if the results of it seem irrational in a marketplace? Huh? You really need to read the Sherman Act. And you might want to know something about economics before you venture into antitrust law.

[Justin7]

Justin, for a lawyer you could really improve your reading skills. Read above. I said tacit collusion falls under the Sherman Act. So yes you can "win an antitrust case" by showing evidence of tacit collusion.

Especially if the results of it seem irrational in a marketplace? Huh? You really need to read the Sherman Act. And you might want to know something about economics before you venture into antitrust law.

I'm fortunate to have a teacher like you. I'm sure you can teach me all the ropes before I blow this venture.

[IrishTim]

not likely

Eh, we'll see.