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<p>[QUOTE=&quot;Lacee, post: 2923932, member: 91423&quot;]At the time of this writing, gold is selling at a low of $1271.20 and a high of $1290.40. So when a gold dealer buys and sells at a high of $1290.40, they make a tiny profit of $19.20. Somebody&#039;s rich! So gold dealers make a small profit each time. How does the gold business (or other precious metals) make a sustainable business of this? What if the gold dealer is not selling to the public at retail value (which I assume is how many gold dealers do it, they decide their markup when selling at retail price) but instead to other dealers that buy it cheap? If you&#039;re not selling coins at their numismatic value and instead you sell bullion and/or scrap gold, you&#039;re just making a tiny profit on each transaction.[/QUOTE]</p><p><br /></p>

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