Bullion Dealers - ranked on Gold spot premium

[jultorsk]

@BarTender Just thought I would let you know that this post inspired me to create https://bullion.monster

It is a work in progress, and has been running for a few weeks now - it is automated and seems to not break, which is good.

Feedback welcome

So good, thank you. Cross-posted the link on the UK forum, just for advertising the clever design. Kudos to you.

 

[SteelHand]

The list is actually dynamic from the data, but I had filtered it. 1/25 and 1/100 is added now.

Sorry to be a pain, I can see the 1/100 tick box but not the 1/25 unless my brain is filtering it out lol

 

[Bullion Monster]

No it is not your eyes - so it will only show up if there is an actual item of that weight in the data - 1/25 is rare so none of the current dealers must have an item for sale, once they do, or I add a new dealer that does it will show up again.

Note that if an item is out of stock it should not be listed, like these ones
https://swanbullion.com/1-25oz-gold-bullion-secondary-market/
https://swanbullion.com/2011-australian-koala-1-25oz-9999-gold-proof-coin-the-perth-mint/
https://bullionnow.com.au/shop/2022-austrian-mint-gold-philharmonic-coin-1-25oz/

 

[Bullion Monster]

Awesome. Consider this written consent to pull prices off the site.
Regarding peer to peer, that’s an interesting dilemma. Does Bullion Monster display dealer prices exclusively or eventually branch out to include private sellers also?
Both questions for you to decide later

Ok you are added!

Needs some improvements (in general) as it is a bit picky when getting data, if it is not 100% happy it will leave an item out, that will improve it for all , but that is for another day.

 

[mybullion.com.au]

Looking good. I'll need to figure out what the algo actually scans so that it outputs clean data...some of the items are listed as 'unknown' despite the product title containing the required info. Maybe it looks at the hyperlink instead?
Anyway, well done mate and thanks for including myBullion. This will help us price items more competitively.

 

[mybullion.com.au]

Correction - it does scan the product title. I just needed to wait for the updates to populate

 

[Silverskunk]

I use Findbullionprices.com here in the States.
It's a live price sheet with all the different sizes broken down and the cheapest prices.
I'm surprised you guys don't have a site like that.

Yeah the first ones, BullionExchanges and Monument for silver are where Ive been buying most from. Heros aint bad if you want it quick.

 

[tiburon18savard]

I did some analysis of published prices on a number of dealers
- the price selected was of the cheapest 1oz Gold (anything) sold by each dealer - this means that it is usually a cast bar, but can be generic, brands, new, buybacks etc
- spot price is always against kitco.com at the time of comparison - but as price is a bit volatile (cough) lately it means that website price might be be using a few minutes old data, which could move few tenths of %

Reason I created it, is that Sydney has a lot of high premium dealers, and not many low, and I wanted to see what was on offer for the rest of the country.

I do have it in a spreadsheet, and if there is interest I will share more, as I also did silver 1kg comparison, and buyback for gold and silver

Swan Bullion Company 0.9%
Bullion Coins 1.0%
Bullion Now 1.0%
BULLIONMARK 1.0%
Ainslie Bullion 1.2%
City Gold Bullion 1.2%
As Good As Gold Australia 1.4%
The Perth Mint 1.5%
Gold De Royale 1.6%
Jaggards 1.8%
Bullion List 1.9%
Gold Stackers 1.9%
Guardian Gold 2.1%
Harringtons Bullion 2.2%
Imperial Bullion 2.3%
Bullion Money 2.3%
ABC Bullion 2.4%
Gold Bullion Australia 2.5%
Adelaide Gold Company 2.6%
Australian Bullion Company 3.0%
Melbourne Mint 3.1%
KJC Bullion 3.7%

And a disclaimer, that this may contain errors and you should do your own comparison, yada yada...

What has happened to Bullion Bourse? Are they not around?

 

[slavaja]

Looks like premiums are coming back with a vengeance. It was only few weeks ago items would sit here for ages at spot.

 

[projack]

Just to confirm our current buyback rates on 1oz gold bars go up to spot +0.75% (not 3.5%) and silver is up to spot +5%. Both can fluctuate higher or lower

I do not see + here

 

[DJE]

I do not see + hereView attachment 96904

Interested in @mybullion.com.au reasoning for this, originally it was spot+

 

[projack]

Yes spot + 0 is = still spot Look at the picture just like spot - 0 is the same price.

 

[DJE]

Yes spot + 0 is = still spot Look at the picture just like spot - 0 is the same price.

A month ago it was spot plus between 1 and 5% not spot even.
Thats what I was getting at.

 

[mybullion.com.au]

Hey guys apologies for the slow response, I'm travelling right now.

@DJE you're right, only very recently our buyback rates were in the range of spot plus 1 to 5%, in fact it's been like that for close to two years. But the past couple of months have been anything but normal. I would say that the number of requests to 'sell to us' increased fourfold. So without going into too much detail, the reason we've adjusted buyback rates to negative is to lower this demand, among other things.

I wouldn't read too much into it. This is a temporary adjustment, and will be reverted back to 'spot +' once things settle.

I'll also take this op to let folks know we have AMA section in our newly built forum, questions like this would be answered super quickly as a team member is notified. Its real quiet over there, so any posts would be appreciated...... please