Sometimes a guy’s gotta eat!I can't believe people are cashing in their gold now, after the Fed just issued a statement on Tuesday that they're going to "make a major commitment to ramping up inflation."
I can't believe people are cashing in their gold now, after the Fed just issued a statement on Tuesday that they're going to "make a major commitment to ramping up inflation."
I can't believe people are cashing in their gold now, after the Fed just issued a statement on Tuesday that they're going to "make a major commitment to ramping up inflation."
So was it pretty close to what i said.......80 -85% pay out? I was saying if you can find a local person that pays 80% in some ways you are better off. You get weight and marked/acid tested value plus you dont pay shipping or insurance. Its the finding that person/company thats hard. ARA wasnt much better.....its that unknown melt/purity that seems to be the main factor although they also use troy ounces which most dont figure and requires more grams. On the bright side...... you got top dollar melt wise.
I wouldn't be upset at all either, essentially "free" money. Thanks for the update! I'm holding my gold probably, but might dump some silver and get me a new stealth congrats!
I think you did pretty good all considered. Curious as to what your shipping and insurance was. I have been selling of late. Last Thursday was great. Right now gold is down $100 from that high. I have been typically getting around 85% melt locally. But I recently found a cash4gold guy who is giving me 90% on the spot , cash. Everything is done right in front of me. Had 2 pieces that were stamped 10k that turned out being closer to 14k. Also had 1 14k that tested out lower. I really shop around and try to build a relationship. Some places flat out , tried to rip me off. Everybody has got to have a little piece of the pie and I understand that. Sending it off would be a little troubling to me because it's hard to refute anything over the phone. But what you got was fair.
You may need to go outside your neighborhood. As Dew said , this is the hard part. I think because he is doing so much volume , I (being somewhat knowledgeable) got a higher price. He may make it up on others , idk. Lots of people selling because of the higher spot prices. When prices were much lower , I would get maybe that 70-80% range. All depends.Great points, shipping and insurance ($4,000) were $65. And yes, a lot of high anxiety waiting to see how they calculate it knowing the sender has no recourse.
I would much prefer a local relationship like you have. I doubt we have any buyers in my town that aren't bordering on criminally low payouts.