Gold crashing

[GFB]

You can count on about 50 cents on the dollar of whatever the going rate is.

I don't know, I've never bought or sold any. But, do you have anything to base that on or did you just make it up?

Why don't you go sell a little and get back to us.

If you get a good deal, what do you have to lose?

[Sangersteve]

You can count on about 50 cents on the dollar of whatever the going rate is.

I too would like to know where you came up with that number, I have bought and sold gold and silver, a .999 fine sale will get you spot + around 5% commission a .999 fine buy will get you spot plus about 3% commission.

I am a silver junkie, gonna make a five pound purchase soon.Missed the 2 dollar an ounce drop last week.

[planosteve]

I just picked a gold dealer that advertises on a website. He is offering to sell 1 oz gold eagles today for $1,252.57. He is offering to buy the same coin for the spot price plus 1.2%. Spot is $1,197.85. So, their buy offer today for the same coin is $1,221.81. That is 2.5% below his sell price, not 50%

https://www.texmetals.com/american-gold-eagle-coin

[GFB]

Ok, but what did you pay when you bought it,
as compared to what the market price was?

[GFB]

I'm flying today..posting when I can..left DFW about 3 hours ago.

[planosteve]

I'm flying today..posting when I can..left DFW about 3 hours ago.

Good place to leave. I hate that place!

[GFB]

I'm flying today..posting when I can..left DFW about 3 hours ago.

Good place to leave. I hate that place!

As airports go..it's above average.

..it rates fairly well on the GFB scale, because it has so many and variety of restaurants/food courts.