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Overnight Open Thread

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Rightwingconspirator5/12/2011 6:37:00 am PDT

re: #144 Cannadian Club Akbar

Yup! At my work they promised a “low 2%” transaction fee. After we add up the bull s*^t fees, it’s 4%. I’ll divulge that our margin on say pure gold or silver can be as little as 3.5%, but not via credit cards obviously. Those small business jewelers that pay on cc pay our fee plus the 4%. When we inform them about all this the business credit cards their bank talked them into are not so attractive. “Hey send a check as we ship and save 4%!” 4% of $1500 bucks per ounce.