Well, it seems like the bond buyers and sellers are still around. I came across a buyer two weeks ago who purportedly had 100 million to invest in German historical bonds but,...seeing is believing. I certainly doubt it.
Showing posts with label historical bonds. Show all posts
Showing posts with label historical bonds. Show all posts
Sunday, July 17, 2022
Still here part 2
Monday, July 7, 2014
Liberty bond 10000 joke
Someone told me a little joke the other day which is a variation of a joke which has been around quite some time. It happened that an elderly businessman philanthropist was enjoying a cup of tea in his top-floor office one fine day when one of his assistants walked in with an old bottle, telling his boss that it had been found in a tin box which had been left and forgotten in one of the many storage rooms in his office building. The maintenance crew was cleaning out old stuff to make room for new stuff and this was something they were going to throw away. The philanthropist took the bottle and blew away some accumulated dust which was probably at least a hundred years old. After the assistant left, the philanthropist stared at the bottle for a while. He finally decided to take the cork off just for the sake of curiosity. Immediately, a Genie popped out and very politely greeted the elderly gentleman. In gratitude for his being given his freedom, he told the philanthropist that he would grant him any wish. The philanthropist immediately and eagerly took out a map of the Middle East and pointed to the region near Lebanon. He asked the Genie if he recognized it. The Genie said he had known that region for more than 40 thousand years. The elderly gentleman then explained that in his old age, he would like to see if this entire region could be made peaceful once and for all. The Genie sadly shook his head and told the man that even the most powerful Genie would probably not be able to grant that wish. Did he have something else that he wished for dearly? The man was quite disappointed but said he did have something else he wished for. He had been trying to find a buyer for an old Liberty bond he owned - could the Genie find him a buyer for his Liberty bond 10000? The Genie looked at the man very seriously for a couple of seconds and just grinned. Then, he asked the elderly gentleman if he would let him take another look at the map of the Middle East - perhaps there was a way after all ....
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Tuesday, February 18, 2014
Farmer bonds
Strange as it may seem, we have two farmer bonds for sale. If you are familiar with bonds, you know these are cute little bonds but they are worth a lot - not as much as an Eagle 27500 or a Liberty 10000 but good money in any case. You know where to find me - pronetoviolins at g mail dot com. Please do not ask for photos or KYCs or CISs or passports or Passcos or anything of the kind. If you have a buyer, just have him (or her) call our attorney. We DO NOT accept bitcoin either.
We were talking to a "buyer" yesterday about a Liberty 10000 which we offered for 5 million. He offered 100 million and that, of course, was a huge RED FLAG. He wanted one of those "packages" which every broker asks for - those brokers who are ten people removed from the real buyers. We said no thanks. We have had a 4 head bond sitting in a vault in Zurich for a year because the buyer never showed up. We flew the bond over there personally and waited 2 weeks. The broker was full of excuses. We returned home empty-handed. The scenery was nice but that was all. Thanks and good luck to you.
We were talking to a "buyer" yesterday about a Liberty 10000 which we offered for 5 million. He offered 100 million and that, of course, was a huge RED FLAG. He wanted one of those "packages" which every broker asks for - those brokers who are ten people removed from the real buyers. We said no thanks. We have had a 4 head bond sitting in a vault in Zurich for a year because the buyer never showed up. We flew the bond over there personally and waited 2 weeks. The broker was full of excuses. We returned home empty-handed. The scenery was nice but that was all. Thanks and good luck to you.
Tuesday, October 22, 2013
Mexican bond brokers
If you're in the historical bond business, you know full well that deals are hard to come by, especially when you want to sell a high-end bond. I have come to know more than fifty brokers, perhaps five real sellers, and just two real buyers. When I say "real," I mean someone with capacity to close a deal. It's one thing to have a lot of enthusiasm for the transaction and something else to have the capacity to do it. The real buyers I know - one in the Western U.S. and the other in New York - don't just talk, they negotiate and close. Buyers from Europe are non-existent as far as I know. Beware of brokers who try to sell your bonds in Europe. If they do, you'll get pennies for them. Beware of brokers who ask for complete packages. That's a sign someone will use your bonds for collateral for a bridge loan while you sit there waiting to be paid. It's definitely best to do these deals attorney-to-attorney or bank-to-bank. As far as brokers go, I would say they are all very hopeful - some are outright dishonest - some are misinformed - but very, very few are well-connected. A word to the wise.
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