Niketalk wasnt lying when they said Rey's >>> Daniels
I bought a 5mm Cuban from Daniels around 2 years ago when everyone was saying Daniels was the place for Cubans, recently I've been playing around with the idea of upgrading to a 6mm - 7mm Cuban. I figured since I bought the chain from Daniels I figured they'd prolly hook it up because 1. It was a chain I bought from them and they made, 2. Because I was gonna spend more money at there store but heres how it's broke down.
They wanted to give me around $1400 for my 52 gram 14k Cuban when they sell the exact chain for around $2300. The 7mm I wanted was about $3300 so Daniels told me with the trade in of my chain it would be $1900. Just looks like a deal not worth it on my end. I'd rather buy a 7mm than trade in my 5mm for scrap/ melt value. Maybe I was wrong to assume he would give me a better price I was assuming I could prolly pay off the difference with all the things considered.
I think you may be missing how business works (You sound like you went to the Ninjahood School of Business and majored in Gold Fungibility) . Daniels is giving you more than spot price at $27/gram. Spot price is about $24/gram right now. So he's already knocking $150 off at 52 grams for the old chain at a $3 per gram loss. So adjusting for the $150 loss Daniel's takes on the trade + 100 grams x $24 spot price = $2550.
Daniels is only making $750 on the deal without including his costs of doing business. He gotta make the chain, pay rent, taxes, equipment costs, etc, etc.
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