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Why do gold nuggets sell for such a premium?
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<p>[QUOTE="Collecting Nut, post: 3552596, member: 74863"]Even the smallest gold nugget will sell for a premium. A gold nugget does not retail for the gold weight. Why? Because of the fascination, the excitement of owning one. It's a rock like any other rock so it's a mineral simple but because it's gold....</p><p><br /></p><p>I collect rocks and I have a number of small nuggets. They're cute and people like them. They get excited just looking. I paid a little over spot but then I can sell them for a small but decent profit.</p><p><br /></p><p>Add in supply and demand and there you have it. A gold nugget that it worth $10 for the gold is now selling at retail for $40 or higher.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 3552596, member: 74863"]Even the smallest gold nugget will sell for a premium. A gold nugget does not retail for the gold weight. Why? Because of the fascination, the excitement of owning one. It's a rock like any other rock so it's a mineral simple but because it's gold.... I collect rocks and I have a number of small nuggets. They're cute and people like them. They get excited just looking. I paid a little over spot but then I can sell them for a small but decent profit. Add in supply and demand and there you have it. A gold nugget that it worth $10 for the gold is now selling at retail for $40 or higher.[/QUOTE]
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