Talk of The Villages Florida - View Single Post - Global markets, your investment thoughts
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Old 06-12-2025, 12:13 PM
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Quote:
Originally Posted by Peachbelle View Post
My problem with buying gold is you buy it at "spot" prices plus fees but when you sell it it is only bought at "scrap" prices plus fees. There's about a 25% difference between spot and scrap prices. So unless you can buy at "scrap" prices you are not getting a good deal. If anyone knows a way to buy at "scrap" let me know.
As I stated earlier, while there are fees, they can be in the area of 5% round-trip if you know what you are doing. 25% is ridiculous.