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jasminegood_MT320-05_unit 8_assignment

jasminegood_MT320-05_unit 8_assignment - benefit but must...

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Unit 8 Assignment Buying Precious metals for Cash is a fairly new competitive market. Ethical practices are regulated on many local, state and federal levels. There are mandated guidelines for societal practices nationwide. Unethical processes can be found in any business and on any level. One of the primary concerns would be that the consumer or business person is getting fairly compensated and that neither is being cheated out of the fair market value for the buyer or the seller. The economic downturn of the last few years has caused the price of gold and many commodities to their highest levels in over thirty years. Gold is currently at over $1500.00 per ounce (Day, 2011). Businesses that specialize in the purchase of precious metals are in the best position for reap the
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Unformatted text preview: benefit but must also be aware of the risks that may make an honest person become dishonest. This would be the conditions that unethical practices would hinder both parties. The limitations for business Research/proposal is that the Purchase of Precious metals on the consumer level is fairly new and enough data has not been to collected to determine the greatest or the least outcomes. Ongoing research and data will be released with the Labor statics in 2012. References Day, M. (2011, June 10). Precious metals: NY gold falls to 2-week low as dollar rises. The Wall Street Journal, Retrieved from http://online.wsj.com/article/BT-CO-20110610-710987.html State bureau of investigation . (2009, April 21). Retrieved from http://dsp.delaware.gov/StateBureauofIdentification.shtml#7...
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