Gold

[AZLineman]

Anyone hear anything about gold prices taking a massive jump in a week?

 

[LuckyStrike]

Hope So as well as Silver

 

[Orange Juice]

Anyone hear anything about gold prices taking a massive jump in a week?

Does this have anything to do with the debt ceiling.

 

[traquer]

Not massive, still very "normal" but I hope it gets rallying!!

 

[Mandelon]

Parker and Tony will be rich! LOL

 

[azsunfun]

Golds overrated, Lithium investment in salton sea I heard.

 

[FreeBird236]

Not sure about the price, but there's a new gold rush in Placerville because of the snopak.

 

[Runs2rch]

Parker and Tony will be rich! LOL

What about the white water boys?! Hahaha

Life changing gold brother!

 

[azsunfun]

Just received this offer.

 

[JFMFG]

What about the white water boys?! Hahaha

Life changing gold brother!

Dustin and Fred in it to win it.

 

[Sandlord]

Gold Jumping again. Over 2100

 

[rrrr]

Gold Jumping again. Over 2100

View attachment 1309469

What you meant to say was the dollar becomes less valuable.

 

[C_J_J_C]

If anyone wants to pay spot I'm your huckleberry......

Buying and holding is easy but the problem with physical Gold & Silver is sellling. 85% - 90% of spot is the going rate.

Yes I know you can buy stocks or options but anyone who buying without taking physical possession is buying for different reasons than I am.

 

[Paradox]

If anyone wants to pay spot I'm your huckleberry......

Buying and holding is easy but the problem with physical Gold & Silver is sellling. 85% - 90% of spot is the going rate.

Yes I know you can buy stocks or options but anyone who buying without taking physical possession is buying for different reasons than I am.

JM pays pretty close to spot on quite a few types of bullion and in the case of Buffalos and a couple of others, often above.

That said, it’s pretty close to impossible to buy at spot as well.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

 

[Track Man]

Last I checked I could get five dollars plus over spot. Same as silver over spot. I follow a guy on YouTube. He’s always calling dealers seeing how much he can get for gold and silver. Last time I called the dealer in Havasu they were paying over a spot.

 

[78DiMarco]

dropping back now but I would expect this with the recent rise... and in the coming days and weeks I expect it goes back up to new highs...

 

[TPC]

Golds overrated, Lithium investment in salton sea I heard.

Dildo sniffing Newsom has managed to slap a 20% tariff on it.

 

[TPC]

I've been buying it from the source, the prospectors that come in and drink at the Joint in Randsberg.

 

[Enen]

JM pays pretty close to spot on quite a few types of bullion and in the case of Buffalos and a couple of others, often above.

That said, it’s pretty close to impossible to buy at spot as well.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

Physical gold and silver does not trade at spot price. That is an incorrect assumption that people continue to make.
I am a dealer and my dealer cost ranges between 3 and 23% over spot, depending on the type of gold. Then the dealer marks it up to make their margin.

In the industry, spot = melt and the Comex Future price ( spot) is referred to as "melt price" by dealers/ wholesalers. If you take a coin or a bar and melt it into liquid form spot price is what it would be worth.

JM / SD and others pretty much sell at dealer cost. They don't actually make money selling the product, their money is made from hedging and monetizing client data. Some people don't care about that because they get it cheaper. I strongly encourage you to read the fine print in their Terms and Conditions.

Selling should be Melt +. If you are calling coin shops and dealers, they are going to assume you don't know what you are doing and offer you 80-90% of market. Wholesale market is currently bidding 2% over melt for gold Buffalos, and +1.25% for Gold Eagles. So the dealer offering you 80% will wholesale them at 101.25% or 102%.

If you are decent at negotiating, you will get Melt + when selling.

 

[Sandlord]

Costco sold more than $100 million in gold bars last quarter

The 1-ounce bars typically sell out within a few hours after they are loaded onto Costco's website. Customers are limited to two bars per Costco membership.

www.cnbc.com

 

[napanutt]

Costco sold more than $100 million in gold bars last quarter

The 1-ounce bars typically sell out within a few hours after they are loaded onto Costco's website. Customers are limited to two bars per Costco membership.

www.cnbc.com

Saw this story today. Interesting.

 

[azsunfun]

Getting in early on silver, I'm anticipating good times ahead.

 

[Thing One]

Getting in early on silver, I'm anticipating good times ahead.

I’ve been hearing this for close to 20 years. Metals go up, and metals go down.

 

[azsunfun]

I’ve been hearing this for close to 20 years. Metals go up, and metals go down.

If ev cars collapsed your right down it goes.