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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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  • Super Buy 8 comments
    Apr 1, 2013 7:34 PM | about stocks: M

    Macy's (NYSE:M) gift cards typically sell for about 10% off in the secondary market. But what do you want to buy at Macy's? One answer is their "14k Gold and Sterling Silver Necklace, Diamond Accent Cable Necklace", which retails for $1,500 and was just on sale for $479, but due to a transcription error, they just put it on sale for $47 ($42.30 with the gift card). This is a discount to the current market price for the scrap silver which is $0.91/ pennyweight (dwt).

    Themes: scrap silver Stocks: M
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Comments (8)
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  • Wilson Wang
    , contributor
    Comments (817) | Send Message
     
    haha! awesome value hunting! did you buy?
    1 Apr 2013, 10:49 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4037) | Send Message
     
    Author’s reply » Several.
    1 Apr 2013, 10:50 PM Reply Like
  • Niksurfs
    , contributor
    Comments (89) | Send Message
     
    Sure beat my junk silver buy today. LOL!!!
    1 Apr 2013, 11:26 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4037) | Send Message
     
    Author’s reply » I've made many worse investments then junk silver; that will work well too.
    1 Apr 2013, 11:32 PM Reply Like
  • J Boogie
    , contributor
    Comments (11) | Send Message
     
    I checked it out but I could not find the same deal that you did... Too bad
    2 Apr 2013, 02:20 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4037) | Send Message
     
    Author’s reply » It was a national mailing; they honored it but appear to have cancelled it online.
    2 Apr 2013, 07:08 AM Reply Like
  • Eric Milner
    , contributor
    Comments (30) | Send Message
     
    How did you come across this one?
    2 Apr 2013, 10:30 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4037) | Send Message
     
    Author’s reply » I have been buying up deeply discounted gift cards in the secondary market and have been looking for ways to spend the money. So, buying jewelry for scrap is one of the ideas that I came up with. Not very scalable, but so far so good.
    2 Apr 2013, 10:38 AM Reply Like
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