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<p>[QUOTE=&quot;medoraman, post: 2526677, member: 26302&quot;]I have to agree. I have been in coin stores, knowing their sell price is say 15x, overhearing him offering someone walking in 12x or less.</p><p><br /></p><p>However, this is gross profit. Maybe Oded was talking about total profit. One thing we need to be cognizant of is the dealer is taking a risk. He could be buying Chinese fake bullion, it could be stolen, (in which case he has to forfeit the bullion to the police), he has to pay rent, etc. 30 or 40 percent markup might sound exorbitant, and it would be if the dealer had no risks, could sell tomorrow, had no rent, etc.[/QUOTE]</p><p><br /></p>

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