/biz/ - Business & Finance

>Not taking advantage of Chinese tariffs by buying goods and shipping them to buyers in Hong Kong, which is duty free

It's like /biz/ hates money.

Import/export

It is time to bring back Import/Export General!

Online tools:

Baltic Dry Index Quote: http://www.bloomberg.com/quote/BDIY:IND

Some Currency exchange rates: http://www.fxstreet.com/rates-charts/currency-rates/

Official US commercial importer's manual: http://www.cbp.gov/linkhandler/cgov/newsroom/publications/trade/iius.ctt/ius.pdf

Harmonized Tariff schedule: http://www.usitc.gov/tata/hts/bychapter/index.htm

Customs ruling database: http://rulings.cbp.gov/index.asp

Let's begin with an analysis of basic drug dealing at the retail level and work from there, using magic mushrooms and marijuana as our basis of analysis. A note about pricing to keep in mind as I explain this is that in some areas the pricing of these particular drugs flip-flop, match at the lower price point, or match at a higher price point depending upon their relative scarcity and competition within the market.

Weed: The first ounce and up

Your typical, entry-level pot retailer will start by buying an ounce, referred to in most places as a zip, weighing approximately twenty-eight grams. Using a scale they will break it up into grams, eighths, and quarters of an ounce for sale to customers. The price of this ounce will, with great variance depending upon the quality of the weed and the market, will be between $250 and $350. Most retail level dealers in weed or shrooms buy either ounces or qps (quarter pounds, four ounces) because of their affordability and ease of liquidation for those starting at the bottom of the chain.

The typical price in most areas where marijuana is illegal is at about $20 per gram of weed, with price breaks given for customers at the eighth, quarter, and half ounce levels. Typically an eighth of weed (3.5 grams) will run $55-$65, depending upon quality and what sort of a break the dealer is willing to give in a fluctuating market. Quarters will run around $100, but most customers do not buy quarter ounces and in markets where supply is scarce dealers prefer not to sell quarter ounces for obvious reasons due to steep opportunity costs.

contd

>International Relations major
>Lived in international dorm to make contacts in college
>Graduate, start my own Import/Export business with the skills and contacts I've acquired
>Most business, finance, and STEM majors I know are standing with their dicks in their hand jobless or hoping to get promoted from low paying entry level jobs at some point down the road when people above them retire

Stay classy STEM "master race".

Thinking about moving to South Africa and possibly getting involved in the Diamond trade. Thoughts? Africa business general I guess.