Wednesday, November 19, 2008
This report at MarketWatch tells of a former contestant on Donald Trump's The Apprentice doing something very un-Trump-like - selling gold bullion. Clearly, The Donald loves to buy the yellow metal to decorate his gaudy mansions but, surely, he wouldn't be caught dead selling the stuff.
Tarek Saab, former finalist on Donald Trump's television show, "The Apprentice," has something that even "The Donald" himself would find difficult to acquire these days -- gold. His new company, GoldandSilverNow, is solving the shortage problem in the precious metals market by linking investors through a unique peer-to-peer network. Saab envisions this model as a new way to buy and sell large quantities of precious metals.BTW - is it healthy that people at Wikipedia spend this much time on pages like this?
Due to shortages plaguing dealers everywhere, the precious yellow metal has become more precious in recent months, which is a predicament that Saab believes presents great opportunity for industrious sellers. He notes that frustrated buyers are facing lead times for shipments as long as six months, if a dealer can even be found to accept an order.
"We have more bullion than Kitco," says Saab, referring to one of the largest bullion resources in North America. "Our network of sellers is growing daily. Literally, everyone else is wiped out, and the delays are intolerable. We have large quantities ready to ship today."