Today's spot price is $630 an ounce...I'm asking about 1% over that.
If you speak for this Rand, which contains exactly an ounce of gold, by November 28, it's yours for $637
I can give it to you, and you can pay me, next time I see you...assumingi that is not going to be way off in the distance.
There's a 0% chance I can buy it. ;)
There's about a 10% chance I can speak for it by Nov. 28, and separately about a 20% chance I would see you before the NH Liberty Forum in February.
Make that about a 0% chance...
That's a better deal then I get in Michigan (flat rate of $15 charged per ounce) and not quite as good as in Florida ($4 per ounce). I'll be looking to invest money from sale of property...so we'll talk then. :)