G'day, I have a chance to buy a Perth Mint 5 oz gold bar, with the price fluctuations each day of gold what would be a fair price to offer for the bar. The owner is one of my mates sisters so I don't want to appear too mean. I have tried to pick a mid point in the price variations over the last couple of weeks and a came up with an offer of $8855 Au. does this sound fair, any ideas, regards Neil
Spot price on a 5oz bar is fair. Big dealers wont pay spot.... she gets a better price, you get a better price its win win. Edit; agreeing to do a deal over the weekend on a closed market can make it easier.
Just visit the orecal's site below & half 10oz bar price http://www.wdavis.com.au/live-price-list.html
$8855 / 5 = $1771/oz which is spot price atm. I think that's a very good deal IMO; the 5oz bar I got for my parents not-so-long-ago I ended up paying $40/oz above spot (ie. retail price) so I'd jump at any chance to get it at spot
