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re: Gold/Platinum price cross.
Posted on 5/20/21 at 5:44 pm to TigerTatorTots
Posted on 5/20/21 at 5:44 pm to TigerTatorTots
quote:
I feel like local deals all pay under spot price. I've had silver rounds and eagles in my safe for 10 years and I'd like to get completely out of metals.
I'm new to this, but nobody is going to pay you spot or above. Just not the way it works. Think of it like selling a used car to a dealer. Dealer isn't going to pay you retail or above. People do worry about counterfeits. New folks like me would rather a trusted dealer for that reason.
ETA: I'm sure there's collectable coins worth more than spot, which I know nothing about. I was just referring to buillon.
This post was edited on 5/20/21 at 5:57 pm
1
Posted on 5/20/21 at 6:32 pm to dragginass
No where did I say I expect to get paid more than spot so not sure why you commented on that.
If spot is $27/oz, I don't want to get paid $25/oz. On the flip side, if spot is $27/oz, I wouldn't want to pay $29/oz. However that seems to be the norm. I'm just trying to ask the people familiar with buying and selling in here if there is a market for both buyers and sellers that don't want to deal with the premiums.
If spot is $27/oz, I don't want to get paid $25/oz. On the flip side, if spot is $27/oz, I wouldn't want to pay $29/oz. However that seems to be the norm. I'm just trying to ask the people familiar with buying and selling in here if there is a market for both buyers and sellers that don't want to deal with the premiums.
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