Everything I know about commodities trading, I learned from ‘Trading Places’:
We are commodities brokers, William.
Now, what are commodities?
Commodities are agricultural products. Like coffee, that you had for breakfast. Wheat, which is used to make bread. Pork bellies, which is used to make bacon, which you might find in a bacon, lettuce and tomato sandwich.
Then there are other commodities like...frozen orange juice...and gold.
Though, of course, gold doesn’t grow on trees like oranges.
- Clear so far?
- Yeah.
Good, William.
Now, some of our clients are speculating that the price of gold will rise in the future. We have other clients who are speculating that the price of gold is going to fall. They’ve placed their orders with us and we buy or sell their gold for them.
Tell him the good part.
The good part is that no matter whether
our clients make money, or lose money, Duke & Duke get the commissions.
Well, what do you think, Valentine?
Sounds to me like you guys are a couple of bookies.
I told you he’d understand.
Loved that movie.......esp Jamie Lee...........
:-)
My favorite line in that movie is “Margin Call Gentlemen”.