Hi Members, As collectors and or investors what is acceptable premium you are willing pay when buying or selling. Im amazed how brick and mortar dealers stay a float? Gold example 1. miner charges spot $2,040 2. refiner adds a fee 3. mint adds fee 4. wholesalers adds a fee 5. dealers adds a fee 6. retail buyer pays $2,078 Below are some of the lower cost items in australian online dealers with shop/offices Silver spot $23.68 listed for $27.68 = 16% -> everyone in the supply chain in total divided up $4 Gold spot $2,040 listed for $2,778 = 1.8% -> everyone in the supply chain in total divided up $38 Of course I am looking at single low end items but bearing in mind in the gold example dealer margin would be a fraction of $38 as all the supoply chain have to make a profit. EDIT: for clarification, Im not looking for cheap dealer premium. Im just curious as to how a dealer stay afloat, with margin of 2% on a main item?