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re: Gold/Platinum price cross.
Posted on 5/20/21 at 7:23 pm to TigerTatorTots
Posted on 5/20/21 at 7:23 pm to TigerTatorTots
I don't understand your posts. You said you feel like all local dealers pay less than spot, as if you expect them to pay more?
But that's how the market works. You can always put them on eBay and see if you can get more than you could from a local dealer.
quote:
If spot is $27/oz, I don't want to get paid $25/oz.
But that's how the market works. You can always put them on eBay and see if you can get more than you could from a local dealer.
1
Posted on 5/20/21 at 8:41 pm to dragginass
quote:I'm confused at how this isn't making sense to you. Are metals the only investment you've ever purchased? If the price of something is XX, I'd want to get XX for it. Seems like the metals market is the only market that pays you less than what the actual price is as well as you have to pay more than the actual price to acquire it. If a stock or cryptocoin is XX price, I pay XX price for it. For nearly anything, the market dictates a price and you pay that price. In metals, if something is XX price, I have to pay XX +10% or XX -10% to sell it. I was just trying to understand if there were avenues to avoid paying the dealer markups and markdowns from spot
You said you feel like all local dealers pay less than spot, as if you expect them to pay more?
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