Showing posts with label Orange bond. Show all posts
Showing posts with label Orange bond. Show all posts

Tuesday, October 2, 2012

Queen Victoria 1000 bond

Bond buyers are now looking for Potosi and Queen Victoria bonds. If you are an interested broker - someone who knows someone who has the bond - forget about making any deals. Once you put the main parties in touch with each other, you will be cut out of the deal. Buyers (and sellers) don't like paying more than one person on each side. Do not believe anything that anyone tells you about getting part of a healthy commission. You will NEVER be paid. There are a hundred excuses being thrown out that will justify the buyer and seller cutting you out. They will also just flat out lie to you. Do not waste your time on this. The business is great but the honest players are non-existent - there are NO honest buyers or sellers out there. Sorry. 

Wednesday, August 29, 2012

Black Eagle bond 27500

So, the much-sought-after Black Eagle, so-called 27500, Mexican bond is again in high demand. I know it's not easy to find and many who claim to own it do not. They may have paperwork which they copy over and over again but that proves nothing. The due diligence required to process such a bond includes a search of data bases which tell the whole story. It's like doing a title search on a property. Remember that. Photos alone tell only a small part of what's necessary. On the other hand, if you are a seller, be wary of any buyers who claim they can close quickly. The process usually takes more than two months. Anxious brokers say you can close in four days. I have never seen that and I never will. I know better. Most buyers may have down payment money to make purchases but they often have to borrow the capital needed to actually close. Or, they may need to set up joint ventures to secure the money needed to close. Those things take a lot of time. In the meantime, your bond gets tied up for many weeks. Most buyers are borderline dishonest, if not outright dishonest - much worse than used car salesmen. Beware. Most brokers who have somehow found sellers have often come away discouraged with what they have encountered and still, they try to put deals together. Unless you have a great sense of humor and can absorb the absurdity of the entire bond dealing scenario with a good attitude, stay away because you will only end up frustrated and disillusioned. Enjoy whatever it is you do and count your blessings. Things could always be worse. 

Friday, May 25, 2012

Mexican bonds hoax

The market in Mexican bonds is limited. Bonds are plentiful but real buyers are almost impossible to find. If anyone tells you they are buying, make them prove it. Otherwise, the deal is just a little childish game or a hoax. You know the saying: "If it's too good to be true, then it ain't true." Cheers.