dealer buy prices
Gazes
Posts: 2,315 ✭✭✭✭✭
I know gold bars have different premiums when being sold depending on the manufacturer. my experience when selling is that most dealers treat all gold bars the same and offer the same price. Is this what others have found?
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Gold bars typically sell back of spot. Manufacture typically doesn't matter. I think the price is low due to astronomical numbers of counterfeits. Disclaimer: I haven't bought or sold may due to counterfeit issues but see it everyday.
The whole worlds off its rocker, buy Gold™.
Ouch!
the whole point of a bar is that it trades near spot , narrow spreads are what you look for. If you choose to over pay for a plain lump of metal thinking its collectible its your right. Others will not make the same mistake.
The words collectible and bar pushed together in any sentence form an oxymoron
if you want to drive nails with a wrench or drill holes with ski boot you can but why not use the proper tool for the job?
Not even a lowball offer?
Most of them have or should have PMVs so there's no excuse for getting stiffed on a gold bar or round. Even a counterfeit bar should still be an ounce of gold. Agree about the liquidity part, since I won't buy bars for the simple reason that they're hard to sell and make any money. I guess if you can afford to hold em until spot goes up enough to make it worthwhile, tho the same is largely true of AGEs, etc. You make your $$ on spot price going up. When I see buy prices posted at APMEX, I assume that they are buying.
I sold gold to APMEX once. Sent it registered on Tuesday and had a check in my mailbox on Saturday.
the job of stacking bullion requires not proposing marriage to it , i.e. not falling in love with it. Buy ugly at or near spot , sell same way. Avoid believing in pixie dust and unicorns and it works pretty well
owning platinum is not going to end well for anyone , a shop has every reason to unbuy it . Some times you need to gently offend a potential seller to get rid of them and their terrible item
Where's the profit in making counterfeit gold bars with the full weight of gold? Usually a counterfeit gold bar is gold plated base metal such as brass.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
This is evidence of desperation and exploitation of buyers.
Buyers are loony too obviously , theres nothing rare or valuble about a brand new bar. They melted a doggie bar to make a snake bar, its the same unwanted oz of gold
I refer to the plated ones as fake as opposed to counterfeit, but you're right about the profit motive. Depends of course on your basis in the gold which if stolen would be near $0.00
I didn't intend to imply that all counterfeit bars were mostly gold in composition.
I consider "fake" and "counterfeit" to be synonymous terms.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The biggest impediment besides the low margins is lack of a convenient venue in which to trade.
Gold bars are difficult to sell, and for the obvious reason that many are fake. I stick to U.S. gold coins for my stacking... I do have some silver art bars, but I purchased them because I liked them, not as an investment. Though I would agree, silver bars can be moved more quickly when prices rise.... I guess the perceived risk is lower. Cheers, RickO
agreement
Well there are plenty of em out there gettin traded.
people that think bars are collectible are bringing stackers mean IQ down to the room temperature range