The bid and sell spread for gold transactions vary from 0.5% to 35%. As a gold or silver dealer with a lower sell volume, which dealers or companies buy gold or silver in the 25% to 35% range, or do most of them try to stick to buying at as close to spot as possible? In that case, how does a dealer make 25% to 35% on his spread, do they have to sell it to the public instead? Thanks.
