Vermillion buying 90% Junk at Minus $4.50 for US Gold in return

Options
toadstrangler
toadstrangler Posts: 10,034 ✭✭✭✭✭
edited September 16, 2026 7:34PM in Precious Metals

This is interesting. Vermillion Ent. in FL buy price on junk is Spot minus $5.50 to walk away with a check. BUT he's testing out a deal in store only (for now) if you sell your junk to them in return for value in GOLD he will buy the junk at Minus $4.50. Hmmmm Europe must be really making sweet deals for junk.... I just might make the 2 hour trek there to snag two 1oz AGE's and visit my son at USF at the same time whoo hooo

blitz ... the math is too tough for you. Stay out and stay in your narrow lane. RGDS!

https://youtu.be/htE1mbTd-6w?si=o_N6jeylyvE1rxJ7

COPPER is gutter !

Comments

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
    Options

    His buy/sell spreads are very reasonable.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • toadstrangler
    toadstrangler Posts: 10,034 ✭✭✭✭✭
    Options

    @jmski52 said:
    His buy/sell spreads are very reasonable.

    He's a business man first. Not a collector. He knows what margin he needs to keep the lights on, employees paid, and make a slight profit all while keeping the transaction wheel spinning fast. Slight profits pile up when the register keeps flying open.. the dude is a model for what dealers should be. There are others out there who also have it figured out. That's a different conversation. This one is closest to me and why I follow very closely.

    COPPER is gutter !

  • jmb
    jmb Posts: 627 ✭✭✭
    Options

    If I lived anywhere near Vermillion he'd be my go to and I'd have no junk in the trunk.

Categories