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gold buyers/ sellers / traders, do some dicker? Login/Join 
Member
posted
do any of them have , oh say three prices for 1 troy oz gold ingots?

Price A. for 1 - 9 .9999 , 1 ounce bars
price B. for 10 -25 1 ounce bars
and
price C for 26 -50 1 ounce gold bars
or

are they getting their set percentage , regardless of the amount a body purchases?





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Neck Ties, Hats and ammo brass, Never ,ever touch'em w/o asking first
 
Posts: 54500 | Location: Henry County , Il | Registered: February 10, 2004Reply With QuoteReport This Post
Honky Lips
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When buying you can usually get a discount.
 
Posts: 8144 | Registered: July 24, 2009Reply With QuoteReport This Post
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any clue as to what they get over the daily price quotes ?
+15% , + 20 % ?





Safety, Situational Awareness and proficiency.



Neck Ties, Hats and ammo brass, Never ,ever touch'em w/o asking first
 
Posts: 54500 | Location: Henry County , Il | Registered: February 10, 2004Reply With QuoteReport This Post
Non-Miscreant
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If you're looking for a rule, I doubt you'll find one. Some sellers are just small guys and can be motivated by various factors. If you only want ingots or 1 oz coins, the prices are pretty well set. Generally they will pay just under spot and will sell for just over. Most use Kitco.com and reference it all the time. That means anytime they're about to make a quote. If you decline business at that time, you'll get another quote in an hour or two. Its just how the business seems to flow.

"Scrap" gold prices will vary more. Jewelry stores and estate sellers can be all over the map. But they can offer a better price because the price figures in the cost of smelting and then an assay. It also allows for errors between marked purity and actual. The general rule is you will do better buying scrap and taking advantage of the break.

There is another class of seller, the casual guy. He maybe has inherited some gold like coins and want to realize cash. Don't expect any of those to accept your credit card. Too much risk and the premium to the card company can kill any profit. Some won't even turn over payment before the purity of the gold is proven.

The world is full of scammers. Just because it looks like gold doesn't mean it is, or that its 24k. Because you're asking these questions I assume you're a novice. There are scammers who will read that as ripe for a taking.


Unhappy ammo seeker
 
Posts: 18385 | Location: Kentucky, USA | Registered: February 25, 2001Reply With QuoteReport This Post
Edge seeking
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Some of Letterman's sophomoric humor: Looking for a used car? Bring the wife down and we'll dicker"
 
Posts: 7437 | Location: Over the hills and far away | Registered: January 20, 2009Reply With QuoteReport This Post
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The amount charged over spot for precious metals is typically called the "premium". It varies between sellers and typically does go down the larger your purchase. If the metals purchased have any collector value (such as rare or old coins) then the premium will reflect that as well. When yo go to sell depending on the product you may get a little above spot or a little below. The difference between the buy and sell price that your dealer offers is called the "spread" and is how the dealer makes his money. Like anything else there are good places to buy and sell and bad places. If you are interested in metals do your homework before you invest, the differences in premiums can be quite substantial.
 
Posts: 1788 | Location: Spokane, WA | Registered: June 23, 2008Reply With QuoteReport This Post
The Unmanned Writer
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I have found premiums on gold re in a percentage of spot and for silver it's a dollar amount.

And the more you buy, the less the premium. Also, in California, if a gold/silver purchase equals $1,500 or more, it's tax-free. (Considered an investment.) No ID require unless $10K or more per month is bought.







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Posts: 14020 | Location: It was Lat: 33.xxxx Lon: 44.xxxx now it's CA :( | Registered: March 22, 2008Reply With QuoteReport This Post
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Ask David Troung. He'll probably know the margins and volumes. I believe the "dickering" is based on the volume involved.

WTB: Gold scrap and unwanted jewelry...
https://sigforum.com/eve/forums...760074024#7760074024


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Posts: 13386 | Location: Bottom of Lake Washington | Registered: March 06, 2007Reply With QuoteReport This Post
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thanks folks





Safety, Situational Awareness and proficiency.



Neck Ties, Hats and ammo brass, Never ,ever touch'em w/o asking first
 
Posts: 54500 | Location: Henry County , Il | Registered: February 10, 2004Reply With QuoteReport This Post
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