Quote:
Originally Posted by BrianL99
You're selling gold to the wrong people, if you're taking under Spot Price.
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Quote:
Originally Posted by tophcfa
Good condition minted gold coins should be worth well more than spot price, but they are still illiquid relative to most investments as measured by the bid/ask spread. Figure a bid/ask spread of between 4 - 5%.
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If you sell someone, something ... they need to make a profit when they resell it. I had a guy that was working on 2%-3% on gold coins, but he was the exception. 5% is the more likely number.
The premium over Spot, is based on the specific coin. I don't think Krugerrands have the same premium as American Gold Eagles for example. Maybe they do in South Africa?
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