WTF? Now i know our customers are losing their minds... client wants to buy a metric ton of gold bullion

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
For those who don't know, i work in the brokerage business. Just got a call from a client looking to buy gold. Nothing odd about that, since it's up to about $370/oz. now. So i ask him what he was wanting to buy, some Anglogold stock? Newmont Mining? Barrick Gold? Nope he says, he wants to buy actual metal.

Okay, not a problem i say. Our branches have gold coinage available, take your pick from the American Eagle, Canadian Maple Leaf, even Kruggerands via special order if you're feeling nostalgic. Nope he says, that's not going to do. He'd have to buy too many coins, he was looking to buy bullion.

All righty then. I can do that, kinda unusual but the bank has a vault in NYC for storage and we can arrange for your purchase. Let me get them on the phone for you, oh, and just so i can let them know so they can get some quote estimates for you, how many troy ounces are you looking for?

"I'm looking for a full metric ton."

I'm sorry Sir, i'm not sure i heard you quite right. Did i just hear you say a metric ton? Of gold? The yellow stuff? I just wanted to make sure you didn't say soybeans and i heard gold.

The guy just laughed and said yes. I took a look at his account, and sure enough he can sure as hell afford it (he could afford another ton or two with just his cash and cash equivalents balance, and full half dozen if he liquidated his securities). But why? What on earth is a guy going to do with a freakin' pallet full of gold bars?

 

Colt45

Lifer
Apr 18, 2001
19,720
1
0
well, you could go to the club and talk about how you have a ton of gold.
 

AndyHui

Administrator Emeritus<br>Elite Member<br>AT FAQ M
Oct 9, 1999
13,141
16
81
Sit on top of the gold mountain, rub his hands together and mutter...."My precious......"

:p
 

He is going to destrot it or eradiate it like Goldfinger tried, he wants to collapse the U.S. economy !
 

NewSc2

Diamond Member
Apr 21, 2002
3,325
2
0
dude, gold is at an all-time high, and he wants to buy a metric ton? The look on his face when gold drops back down to it's normal $300 level.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,344
126
Just tell him to beware of any freak smelting accidents.
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: Roger
He is going to destrot it or eradiate it like Goldfinger tried, he wants to collapse the U.S. economy !

Somehow I doubt that $12 million is enough to do that.

Viper GTS
 

Queasy

Moderator<br>Console Gaming
Aug 24, 2001
31,796
2
0
Man, he's gonna OG himself - Over Gold (I'm Gonna Get You Sucka reference) :D
 

Zenmervolt

Elite member
Oct 22, 2000
24,512
22
81
The guy's first name wasn't "Auric", was it? Did he mention anything about "operation grand slam"? Did you hear any secret agents in the background during the call?

ZV
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136
Originally posted by: Colt45
how much does a bar weigh anyways?

400 Troy oz roughly, according to a Google search.

So a metric ton would be:

2200 lbs = 35200 oz = 32088 troy oz = ~80 bars

Viper GTS
 

shiner

Lifer
Jul 18, 2000
17,112
1
0
Originally posted by: Roger
He is going to destrot it or eradiate it like Goldfinger tried, he wants to collapse the U.S. economy !

If that's the case tell him to send Pussy Galore over to my house.

I could probably find a couple of people for Odd Job to work on for me to.