First Page
Previous Page
Posted 12/06/2009 09:53 am
If you live in a large enough city there is probably someone that buys bullion at slightly under spot. If you want to get close to spot & live in a small town you either ship to a refiner or sell to an individual.
Unless you are buying/selling large quantities of precious metals you don't do business at spot. That's one of the reasons it's hard to make the case for metals as an investment. You pay 3-5% more than spot when you buy & receive 3-5% less than spot when you sell. That means prices have to rise between 6-10% to put you at the break even point.
Unless you are buying/selling large quantities of precious metals you don't do business at spot. That's one of the reasons it's hard to make the case for metals as an investment. You pay 3-5% more than spot when you buy & receive 3-5% less than spot when you sell. That means prices have to rise between 6-10% to put you at the break even point.
