HOW TO SELL TO GOLD SELLERS!! (AKA: Stop ripping yourself off!)

**deadlybot** · 04-20-2013

OK Ownedcore, I see that everyone has cut each others throats until the price sellers buy at is rediculously low while they make HUGE, MEGA, MASSIVELY ENORMOUS Profits without you even realising it.

Let me break it down for you. As of right now,

1USD = 1USD - We all know this. Ever wondered why Chinese use USD and not Hong Kong Dollar (Yuan) ? To make you think they only get a small profit.

Lets take a look at a normal transaction.

Chinese gold seller needs 2mil and says he will pay $15, you check his site and he is selling for $22. You say wait a minute I want $17 per mil and he says. I make no profit I only buy $15 per mil.

DING DING DING. HE FOOLED YOU!!

1 USD = 7.76 YUAN

Now lets see how much profit these poor poor chinese make.

$22 - $15 = $7

He need 2 mil so that is in effect $14 profit, because you are thinking money is worth the same you think well that was not so bad. But lets work out how much they really make on just this very small transaction.

$14 USD profit x $7.76 Yuan = $108.64 YUAN PROFIT.
While you make $30 USD Profit.

Now every gold seller is the same and cries poor but now I have just shown you how poor these guys really are.

You need to stop selling to these guys for ridiculously low amounts and start making the profits equal and stop cutting each others throats.

If a seller is selling for $22 you should be selling your gold for $19 and nothing less.

You make $19 - $19USD - $19USD
They make $23.28 - $3 USD - $23.28 YUAN

Now that sounds alot more equal right ?

While you all keep ripping yourselves off and losing hundreds, if not thousands of dollars profit, you are making these guys who cry poor every second of the day so much money they are literally laughing at how retardedly stupid those round eyes are while they are buying flash cars, snorting coke off prostitutes vaginas and having parties in their penthouse apartments.

Hope this helps you in your gold production career.

If every gold producer would check the current market price for real money and sell gold according to real life profit margins then all you producers would not have to cut each others throats while the sellers sit back and laugh at how you are all undercutting each other.

**JakeSol** · 04-20-2013

What are you talking about? If I sell 1m for 19 USD to a chinese and he sells it for 22, then he makes 3 USD.
Thats 3 USD of profits, doesnt matter if you convert it to Yuan thats still 3 USD profits. -.-

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If you want to say that 3 USD buys you more in China than in USA, thats probably true.

**deadlybot** · 04-20-2013

Originally Posted by JakeSol

What are you talking about? If I sell 1m for 19 USD to a chinese and he sells it for 22, then he makes 3 USD.
Thats 3 USD of profits, doesnt matter if you convert it to Yuan thats still 3 USD profits. -.-

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If you want to say that 3 USD buys you more in China than in USA, thats probably true.

That is exactly correct. $3 USD buys $23 worth of stuff in china.

For instance lets say you can buy 1 mcdonalds meal in the USA for $3 (Do not know the exact price but humor me) in China for $3 USD you would be able to buy 7 meals.

That is just the very basic breakdown of it.

People have been scammed by them for so long they only think in USD vs USD and the chinese will cry poor and tell you that 1 USD = 1 YUAN and that they are making no profit which is garbage. They are making HUGE sums of money in their own currency which can buy HUGE amounts of goods in their own currency.

It is completely ok if you do not wish to listen to me but for the next week I shall start a post with the USD to Yuan conversion rate so the gold producers can learn not to be totally scammed. If this does not help the producers well then I will just become one of the sellers and buy all your super cheap gold.