Gold pricing question.
A local nationally known company is selling gold at these premiums. Are these the norm? TIA
Gold Eagle Price Formula
1oz Spot + 9.50%
1oz - 10+ Coins Spot + 9.00%
1/2 oz Spot + 27.50%
1/4 oz Spot + 38.00%
1/10 oz SOLD OUT
US Gold Buffalo Price Formula
1 oz Spot + 10.00%
1 oz - 10+ Coins Spot + 9.50%
Canadian Gold Price Formula
1 oz Maple Leaf 2023 Spot + 6.25%
1 oz Maple Leaf - 10+ Coins Spot + 6.00%
Maple 1/4 oz 2023 Spot + 28.50%
25g MapleGram Pack (.804 oz) Spot + 22.50%
1 oz RCM Bar Spot + $105.00
2023 Klondike 1oz .99999 Spot + 8.50%
Other Gold Price Formula
1 oz Krugerrand Spot + $108.00
1 oz Kangaroo Spot + $118.00
1 oz Perth Mint Bar SOLD OUT
1 oz Valcambi Bar Spot + $96.00
1 oz Misc Carded 1oz Bar SOLD OUT
Valcambi 1g Carded Bar (New) Melt + $24.00
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Comments
Sounds about the norm. What outfit?
Jack Hunt.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Check APMex and Bullion Exchange sites for comps. Or other local dealers.
Just for comparison, my metro area bullion dealer with website listing their prices is currently right around +7% for a single AGE.
bullionexchanges.com is typically the lowest, I have done a lot of happy business with them. Pay wire xfer or ACH/echeck for best prices. Check their Sale page.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
A large dealer near us is advertising AGE and Buffalos for roughly 5.25% over spot.
Wall of HONOR transaction list:WonderCoin, CoinFlip, Masscrew, Travintiques, lordmarcovan, Jinx86, Gerard, ElKevvo
Not normal at all. Normal times +3% for the "good" stuff, spot to spot -5% for the "liquid" stuff, spot - 10%+ for the "fantasy" 3rd party junk. Be patient, deals always come around, RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
deals are measured using current price, not some good old days "normal" price. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Look at their wholesale page. The premiums they are willing to pay are down substantially from just a couple months ago. They are selling gold eagles wholesale for only +3% so don't bury yourself at +10%
Good advice. There’s more for sale than you can imagine so there’s no need to make hasty purchases. Shop around.
I haven't bought in a while, but my LCS is usually about 3-4% over spot.