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grandad
 Post subject: Re: Diesel price
PostPosted: Sun Jan 18, 2015 10:15 am 
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wannabeeahack wrote:
meanwhile, somewhere, a commodoties broker will rent an old oil tanker moored somewhere and buy a few million barrels of oil at 50c a throw to sell at $1 a barrel and make a few million

How long to you think he would need to keep hold of the oil and how much do you think it would cost to keep the oil in the boat?

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wannabeeahack
 Post subject: Re: Diesel price
PostPosted: Sun Jan 18, 2015 10:30 am 
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grandad wrote:
wannabeeahack wrote:
meanwhile, somewhere, a commodoties broker will rent an old oil tanker moored somewhere and buy a few million barrels of oil at 50c a throw to sell at $1 a barrel and make a few million

How long to you think he would need to keep hold of the oil and how much do you think it would cost to keep the oil in the boat?



It worked for Roman Abramovich

plus the brokers play with investors money, not their own

plus they trade inside........

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grandad
 Post subject: Re: Diesel price
PostPosted: Sun Jan 18, 2015 11:35 am 
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wannabeeahack wrote:

the brokers play with investors money, not their own


This is why they wouldn't need to hold on to the oil. It doesn't matter if the price rises or falls the commodity broker still gets paid.

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wannabeeahack
 Post subject: Re: Diesel price
PostPosted: Sun Jan 18, 2015 3:53 pm 
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grandad wrote:
wannabeeahack wrote:

the brokers play with investors money, not their own


This is why they wouldn't need to hold on to the oil. It doesn't matter if the price rises or falls the commodity broker still gets paid.



most of these arrangements are never physical anyway, or the seller holds the goods for free, brokers PROMISE to buy the goods quite often, and sell before paying for them, all on a trust basis

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