realgenius13
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realgenius1381 karma
Brandon doesn't have a time machine, he is a book terminator from the future sent back in time to save us from fantasy novel dry spells. Easy mistake to make though.
realgenius1339 karma
So what % of transactions for your store overall would you say were stolen property that the store ultimately ended up getting the shaft on?
Also did the store have any practices designed to disguise jewelry that was probably stolen? Did you submit pictures of the purchases to the police website or just a description? I mean if it's just a description that seems really easy to cheat.
I mean since you have to hold the items for 30 days this almost seems like it could be seen as very short term investing and the difference between the price paid to the customer and the "spot" price is the effective interest rate. In this case the interest rate is heavily affected by the probability that the goods are stolen.
realgenius1327 karma
Well you mean 30% of the scrap value of the gold. Not 30% of the jewelry value.
realgenius1398 karma
Shit, he needs to start his own line I'd pay for that.
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