christostock wrote:They have a buy price and a sell price.
Tulving will not simply return your money.
Instead they buy back what you have already paid for even though they are still in possession.
Spread is 90 cents between buy and sell = they make $450 if you buy 500 ounces and then change your mind 10 minutes later and want to sell it back to them.
This is common practice.
A locked in buy is a solid deal, MUST BE COMPLETED by both parties.
same for a locked in sell.
Doesn't the deal involve some expectation of time? I would be shocked if the deal was:
You pay NOW
We send whenever
I'm pretty sure Tulving should be in violation of something by just sitting indefinitely on the funds without fulfilling their end of the bargain.
Right? Or is time frame irrelevant?