There is no Unbuzz or Conditional Buzz in the Silverstacker's lexicon!

Discussion in 'General Precious Metals Discussion' started by Aurora et luna, Aug 7, 2020.

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  1. dollars

    dollars Active Member Silver Stacker

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    This thread has blown out of proportion but to clear up the facts as I believe , correct me if I am wrong

    Buzzing the item in the thread does not necessarily make a contract !!!

    As Tim. Had mentioned UCC. Uniform commercial code. However in Australia thanks to Kevin Rudd we work under Vienna convention!

    A seller puts up bullion for sale this is not an offer to sell but an Invitation To Treat

    I believe that is why when a thread is buzzed the seller later confirms that the item has already sold often by private message or at other times elsewhere

    If it wasn’t like this the seller would have to honour the buzz in the thread and supply the goods as offered!!!

    I believe that because there is uncertainty that any contract is not formed until the seller and buyer can confirm and agree to the offer and acceptance for the goods

    Probably not what people want to hear possibly a competent lawyer or barrister might confirm to remove any doubt

    I have read that in the past the highest bidder at an auction for land had reconsidered after the bidding had stopped and declined to sign the contract paperwork and the deal didn’t go through. Agents now probably get around this with requiring signatures in the terms and condition the mandate during registration prior to auctions now.

    How we think things are are offen different to what they actually are. ie. silence is agreement

    Cheer$
     
  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I'm with @dollars, buyers and sellers should never feel compelled to follow through on a transaction. That's why it's the free-market and that's why we have feedback. Now, who wants that's free crypto?
     
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  3. kilo

    kilo Well-Known Member Silver Stacker

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    Well delivered @dollars but the point you make is unrelated to the OP, a buzz is a buzz and an unconditional commitment to trade an item as described both buyers and sellers accept this.
    SS is not gumtree, Australia listed or ebay, it’s a forum for people who enjoy collecting.
     
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  4. Markco2

    Markco2 Active Member Silver Stacker

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    The Seller makes the Offer by putting it into the marketplace to Sell.
    That is the Invitation to Treat.
    The buyer accepts the Offer with a "Buzz" which is literally accepting the Offer from the Seller.
    You then enter into contract.
    Sure, you can pull out of a contract.
    Same as if you were at an auction.

    Difference being you would lose your deposit.

    Cheers Markco2
     
  5. Jamie watson

    Jamie watson Active Member

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    Thank goodness for rationale.
     
  6. Markco2

    Markco2 Active Member Silver Stacker

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    Just one other addition I forgot to mention.

    When you "Buzz", you are literally accepting the offer.
    In other words: Offer and Acceptance = Agreement

    Cheers Markco2
     
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  7. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Thanks very much guys and gals for a very "robust" conversation about this topic.
    When Kenny first started using Buzz as shorthand for "no ifs, no buts, I want your product as listed" there was no ambiquity about its meaning.
    Buzzing became very popular on this forum because it's a very useful tool in times of extreme precious metals volatility when mere seconds separated the winners from the also-rans!
    I think it's now clear to everyone after 7 pages of "discussion" what was the original connotation of this word and I hope everyone will go back to using it in its purest form.
    As for any legal ramifications, as far as I am aware, no one here has ever taken or threaten legal action if the Buzzer didn't follow through; negative feedback and comments was the most extreme penalty!
    Cheers
     
    Shaddam IV, kilo, STKR and 9 others like this.
  8. Jamie watson

    Jamie watson Active Member

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    Oh that's gold
     
  9. Tin Can

    Tin Can Member

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    IMHO, the volume and price of most trades on SS would not justify the cost of legal action for an unfulfilled sale.
    Trust and reputation are key aspects of the operation of any market, and especially relevant to SS.
     
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  10. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    He is full of piss and importance..SilverStackers very own Karen ain't suing no one.
     
  11. Jamie watson

    Jamie watson Active Member

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    No agreed sale has gone unfulfilled by myself,I don't care about a good reputation with those that attack and bully,only sellers,anyone wanting to no what I,m like as a trusted buyer can ask for references, I have a few on this site.danman,for one,I have made several purchases from.novice,first transaction 4k plus,you know,to them that know,no explanation is needed,and to those that refuse to know,no explanation will suffice.
     
  12. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Maybe your next purchase could be some punctuation?
     
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  13. Jamie watson

    Jamie watson Active Member

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    Maybe you can go fuck yourself again
     
  14. Jamie watson

    Jamie watson Active Member

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    Amazing how many malicious little people there are ,all trying to get the boot in,as dollars pointed it out,indirectly ,but accurately. I was right,all of you that attacked,abused and insulted me.Where WRONG!
     
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