Why is it impossible to buy gold coins at a decent price over the internet?
newell asked:
I want to buy gold coins at 7% over the spot market. Why is this so hard to do? Are there reasons this is discouraged or something?
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I want to buy gold coins at 7% over the spot market. Why is this so hard to do? Are there reasons this is discouraged or something?
September 30th, 2009 at 7:28 pm
Try EBay. Space Invader101
October 1st, 2009 at 8:01 am
Check professional dealers, they may offer volume discount. h0mgrts
October 2nd, 2009 at 9:38 am
If you are really interested at discounted rates then need to keep a watch on its listing by Govt,gazette announcement as well authorised custom Banks to deal in, or straight go to ebay for relatively fair deal. jaykay belives that a person who
October 4th, 2009 at 7:10 am
DEAR CONTACT WITH BANKS THAY PROVIDE GOLD COINS AND THAY HAVE UP TO DATE RATES TOO mudgal
October 4th, 2009 at 3:36 pm
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October 5th, 2009 at 10:55 am
the reason is the people selling them to you are trying to make some money too. if they buy a piece of gold for say $100.00 (market value for gold pretending) and sell it to you, they have to charge you $100.00 for the gold itself + shipping charges + retailer markup.
The higher the better for the seller. your best bet for buying gold is making friends with someone who is authorized to buy gold direct from the mines or a local pawnshop and/or jeweler. they often have old gold pieces or gold shavings they save up over the years. E
October 6th, 2009 at 9:35 am
There could be a shortage of stock.
The risk of holding stock at current (high) gold price.
Would you buy a stock of gold coins to sell on if your margins was 14%? raysor
October 6th, 2009 at 10:48 am
try bulliondirect put a bid on gold bullion
The big banks sell paper contracts that Promise gold in the future , but there is more paper out there than all the gold that ever existed driving down the paper spot price but the real gold in small investment form is in short supply and the cost of the real thing is a lot higher
read this article I remember buying silver in 07 waited 3 months to get it . vincent s