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Buying brand name gold at spot. Next up, specials @ less than spot?

BaleyBaley Posts: 22,660 ✭✭✭✭✭
in Precious Metals
is this sort of unusual? I do not recall being able to buy quantity of brand name gold bars at spot in a retail situation before, usually the best I could do was spot plus a percent or two

Coming soon to an online seller near you: gold bars offered under spot??

Liberty: Parent of Science & Industry

Comments

  • guitarwesguitarwes Posts: 9,266 ✭✭✭
    If so, this should let us know which direction the price of metals are headed.

    I still can't believe we get to buy at these levels again.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>is this sort of unusual? I do not recall being able to buy quantity of brand name gold bars at spot in a retail situation before, usually the best I could do was spot plus a percent or two

    Coming soon to an online seller near you: gold bars offered under spot?? >>



    Probably only if places like APMEX can get it under spot. Any idea how much a place like Sunshine Minting pays for their gold in relation to spot?
    theknowitalltroll;
  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭
    Before talk of the "end of mankind" PMs were regularly traded at spot or less.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    Bullion price war getting underway?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Bullion price war getting underway? >>



    Not only getting, but is. Lets see which of the "big boys" will blink first.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    Haven't seen this low a premium environment for 10 years. Clearly, there is no lack of physical metal available.
    I don't think this is what 0 hedge told the peoples.
  • bluelobsterbluelobster Posts: 1,220 ✭✭✭
    With all of these dealers offering gold an silver at spot, someone must be needing capital, this is not merely timing the market. The question is who? or whom?
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>With all of these dealers offering gold an silver at spot, someone must be needing capital, this is not merely timing the market. The question is who? or whom? >>



    Exactly
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭


    << <i>With all of these dealers offering gold an silver at spot, someone must be needing capital, this is not merely timing the market. The question is who? or whom? >>



    I thought 6 months ago we would have known by Valentines Day.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 32,995 ✭✭✭✭✭
    This is ebay knowing they can get sure sales from the stackers by offering the bullion dealers sales incentives


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 32,995 ✭✭✭✭✭
    Where is mcm?

    Throw me a CS bone, MCM!
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ranshdowranshdow Posts: 1,441 ✭✭✭✭
    Smells like the unwinding of a carry trade, possibly Gold/USD, in advance of the Extremely Well Telegraphed Rise in Short-Term Interest Rates.
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