On Mon, 11 Feb 2013 00:02:22 -0600, Ignoramus2110
wrote:

On 2013-02-11, John B wrote:
On Sun, 10 Feb 2013 20:28:15 -0600, Ignoramus2110
wrote:

On Sun, 10 Feb 2013 12:57:26 -0800 (PST), Transition Zone wrote:
The way you can make serious money at steel buying is to gamble at
buying futures. Get a loan and tell your supplier that you will pay
$2000 dollars today for as much steel as you can get for that price to
be delivered next month and hope he adds a few more pounds because you
are buying in bulk. If the price has gone up in that next month, you
will have already paid $2000 today so you will then be getting more
for the old price.

And what if the price has gone down?

And how do you make a profit from buying retail product at retail
price?

i
I was being sarcastic as the original poster apparently knows little
about the futures market and how it functions.

Yep, really no clue.

But wholesale or retail you make a profit the same way - buy cheap and
sell dear.

I am just saying, if you buy retail, there is not much money to be
made further.
i
Unless, or course you can find someone to pay more than retail :-)

And before you say "Impossible!" have a look at Starbucks.

--
Cheers,

John B.