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<p>[QUOTE="ddddd, post: 2659733, member: 22377"]Most gold bullion margins are pretty tight. Smaller dealers also don't want to be stuck holding those spouse coins if spot goes down, so the smart ones will move them quick.</p><p><br /></p><p>In my area, there was one dealer who had huge margins on his gold coins. He was considerably higher than the others in the area (some coins maybe even 2x spot!). However, he got very lucky. He was asking these huge premiums in the early 2000s and not selling too much. But then gold started it's rise to over $1,900 and he was able to sell off the gold at huge profits. Now this was extremely lucky because if the opposite had happened (hold when prices were $1,900), he probably wouldn't be in business any more. So, it seems like the dealers that can make 2% in the same day and move a lot of inventory are better able to manage the highs and lows of gold.[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 2659733, member: 22377"]Most gold bullion margins are pretty tight. Smaller dealers also don't want to be stuck holding those spouse coins if spot goes down, so the smart ones will move them quick. In my area, there was one dealer who had huge margins on his gold coins. He was considerably higher than the others in the area (some coins maybe even 2x spot!). However, he got very lucky. He was asking these huge premiums in the early 2000s and not selling too much. But then gold started it's rise to over $1,900 and he was able to sell off the gold at huge profits. Now this was extremely lucky because if the opposite had happened (hold when prices were $1,900), he probably wouldn't be in business any more. So, it seems like the dealers that can make 2% in the same day and move a lot of inventory are better able to manage the highs and lows of gold.[/QUOTE]
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