Difference buy back price AUS/USA

maxmast3rs

maxmast3rs

New Member
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 said:
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
Click to expand...
Premiums higher in US
Overheads lower
Better margin
 
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:
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.
 
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