Wikinvest Wire

Ex-Apprentice contestant selling gold

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.

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."
BTW - is it healthy that people at Wikipedia spend this much time on pages like this?


Anonymous said...

You asked: BTW - is it healthy that people at Wikipedia spend this much time on pages like this?

Short answer: No. No, it's probably not.

Longer answer: no, but it's probably much less unhealthy for someone to spend 25 hours watching "The Apprentice, Season 5," and then spend 100 hours fine-tuning a wikipedia article about it, than to spend those same 100 hours instead watching seasons 3, 6, 7 and 5 of "Joe Millionaire," "Survivor," "Chains of Love," and "Deal or No Deal?".

On this point, I thought Clay Shirkyon's outrage at an airheaded but arrogant television producer (described in his April speech at the Web 2.0 Conference here: was spot on:

This hit me in a conversation I had about two months ago. As Jen said in the introduction, I've finished a book called Here Comes Everybody, which has recently come out, and this recognition came out of a conversation I had about the book. I was being interviewed by a TV producer to see whether I should be on their show, and she asked me, "What are you seeing out there that's interesting?"

I started telling her about the Wikipedia article on Pluto. You may remember that Pluto got kicked out of the planet club a couple of years ago, so all of a sudden there was all of this activity on Wikipedia. The talk pages light up, people are editing the article like mad, and the whole community is in an ruckus--"How should we characterize this change in Pluto's status?" And a little bit at a time they move the article--fighting offstage all the while--from, "Pluto is the ninth planet," to "Pluto is an odd-shaped rock with an odd-shaped orbit at the edge of the solar system."

So I tell her all this stuff, and I think, "Okay, we're going to have a conversation about authority or social construction or whatever." That wasn't her question. She heard this story and she shook her head and said, "Where do people find the time?" That was her question. And I just kind of snapped. And I said, "No one who works in TV gets to ask that question. You know where the time comes from. It comes from the cognitive surplus you've been masking for 50 years."

Eric said...

I can't believe this is the first comment on your article itself (rather than on the BTW); I think Mr. Saab is a fine example of a protege who's exceeding the vision of his (former?) mentor. Good for him, I say.

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