Difference buy back price AUS/USA

Discussion in 'Silver' started by maxmast3rs, May 3, 2022.

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  1. maxmast3rs

    maxmast3rs New Member

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    Hey there,
    Just wondering why the buy back price of bullion here in Australia is so low. You have to be happy if you get spot from a dealer. If you follow bullion dealers from the US, they pay for almost everything more than spot (e.g +9$ over spot for eagles, and sell for 11$).
    Why do you think is that? Would like to hear your opinion or have an explanation from someone who works in the industry.

    I would think maybe because precious metals are not so popular here and the dealer needs more time to sell his stock? Wages/costs are higher in AUS, and the spread lower?

    Cheers
    Max
     
    maxmast3rs, May 3, 2022
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    Because
    Different market environment.
    Different terms.
     
    spannermonkey, May 3, 2022
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Premiums higher in US
    Overheads lower
    Better margin
     
    66rounds, May 3, 2022
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  4. dollars

    dollars Active Member Silver Stacker

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    In addition to the items mentioned in the thread posts I believe limited demand from the local population.

    Despite relatively notable producer/s supplying a large range of bullion,semi numismatic and numismatic products

    One of the reasons most of the forum members participate and enjoy the opportunity to both buy and sell on the forum
     
    Last edited: May 3, 2022
    dollars, May 3, 2022
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  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Aussie dollars are worthless so they charge more basically. Its why it takes more to buy anything.
    The American dollar is a much better fiat.
     
    JohnnyBravo300, May 4, 2022
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  6. ppier

    ppier Well-Known Member Silver Stacker

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    Probably about 5,000 LCS in USA
    Probably about 5 in AUS
     
    ppier, May 5, 2022
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