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Why Do Bullion Dealers BUY Gold At These Prices?
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<p>[QUOTE="Bman33, post: 3651416, member: 77126"]It's a tight margin game for any reputable dealer. The Brick and Mortar that I go to is mostly bullion but some numismatics. Premiums have been changing on gold a lot. So he stays in business with his spreads. A few months ago his buy back on a Gold Buffalo was $10 over melt. Now it's $15 under. Still a fair price as far as I am concerned. I think his sell premiums are low too. In this market 5% doesnt get sales.[/QUOTE]</p><p><br /></p>
[QUOTE="Bman33, post: 3651416, member: 77126"]It's a tight margin game for any reputable dealer. The Brick and Mortar that I go to is mostly bullion but some numismatics. Premiums have been changing on gold a lot. So he stays in business with his spreads. A few months ago his buy back on a Gold Buffalo was $10 over melt. Now it's $15 under. Still a fair price as far as I am concerned. I think his sell premiums are low too. In this market 5% doesnt get sales.[/QUOTE]
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