Accepted premiums when selling gold bullion

When selling silver bullion, a 10% premium on top of the spot price seems to be generally accepted.

Is there a similar accepted premium for gold bullion? And if so, what is it?

 

In Sydney its up to 5% for gold that's below 999 fine
1 - 3% for 999 fine

 

Lately it seems that only gold at spot will move quickly on the forum here.

Not sure if you're referring to the dealers selling gold or you selling the gold back to the dealer.

 

Because everyone has spent every penny,


But CAN'T resist gold at spot!!

 

Seems like more of a buyer's market right now for low premium stuff. Not so much for collectibles!

 

Goldbuyers in Sydney will pay spot for 999 and spot + 5% for anything under. Transaction is pretty painless and takes minutes.
I certainly wouldn't sell 999 gold here for spot when I can sell it at no risk and much more quickly to a Goldbuyer in the CBD
The extra 1 - 3% premium that I want is the bare minimum since in my own case I cover the shipping risk not the buyer
Sellers who put the onus on the buyer to take the shipping risk should discount their products to match the cost of that risk.

 

Wish I had a goldbuyer like that over here. Most dealers here will only pay spot -5%. Sad but true!

 

Start a Stacker meet in Singapore.
I am sure there would be no shortage of Stackers there who would be more than happy paying you spot for your gold. A win win for both parties.