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<p>[QUOTE=&quot;Good Cents, post: 3645860, member: 100720&quot;]You talk about &quot;taking a haircut&quot; on the &quot;spread&quot; you have to pay when &quot;dealing with a regular gold-dealer&quot; when investing in physical gold. What exactly do you mean by that?</p><p><br /></p><p>Are you talking about the difference between the Bid &amp; Ask Price?</p><p><br /></p><p>My understanding is that it is a set amount based upon Spot.</p><p><br /></p><p>Right now at &quot;Provident Metals&quot;, an Online Dealer, their posted Gold Bid is $1,496.85 and their posted Gold Ask is $1,499.61. That&#039;s a difference of $2.76 per ounce and $22.76 per 10 ounces. But &quot;JM Bullion&quot;, another Online Dealer, has the Ask at $1,497.60. The difference between JMB&#039;s Ask and Provident&#039;s Bid is $0.75 and for 10 ounces it&#039;s $7.50. I&#039;m just giving an example of buying physical gold and the prices that can be obtained on the same Saturday when Gold Spot prices are not going anywhere.</p><p><br /></p><p>A $7.50 difference or even a $22.76 difference is hardly a big deal when gold goes from $1,400 to $1,500 which is a gain of $1,000 on 10 ounces. The same would go for your local coin dealer.</p><p><br /></p><p>Is there something I&#039;m missing? Because I don&#039;t see where there is a &quot;haircut&quot;?[/QUOTE]</p><p><br /></p>

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