Hello all. I have just joined this forum after deciding I'm going to try to enter the gold market and learn how it works. I have just bought 1 x 10g gold bar, 1 x 2.5 gold bar and 2 x 10g silver bars. I wasn't sure WHERE to put my first post so sorry if I have put it in the wrong section. Anyway. After reading as much as I can on the net I still don't understand how this all works. For example. Right now a single 2.5g gold bar is selling for approx $160AUD from AMPEX and gold stackers. The SAME on Ebay and people are asking $200 PLUS ????? Even at the $160 mark, The spot price is $137. So my question is HOW do people sell their gold (obviously selling on Ebay at $200 isn't going to attract buyers) ? Do most people use this forum to avoid the middle man of walk in stores? Also why would people actually buy gold when the price is up (meaning you'd make a profit)? Wouldn't that mean you may be left with a white elephant? Or will walk in stores always buy it from you ????? Lame questions I know guys but I'm looking forward to learning the basics so I can get involved in this .... Thank you. AV.
I guess my Q was to lame. Cool. Thanks for reading guys... There is some good info in here. I'll re post on one of the other sections. AV
Welcome Alpha-Vilian Regarding selling, there always seems to be a buyer whether spot is up or down. Dealers will pay spot or close-to-spot. You won't get your premiums back but they're always buying.
