What's the spread when selling gold?

• 17 January 2014

• #1

Tyler Durden

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If you buy gold from, and sell it back to, an official dealer (eg. Perth Mint) what is the spread to expect?

For example, if you bought it for $1000, and sell it back to them immediately, are they going to buy it for around $900? $950?

 

• 17 January 2014

• #2

N

ngombi

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ABC Bullion's prices at their site.

http://www.abcbullion.com.au/products-pricing

Cheers

 

• 18 January 2014

• #3

Tyler Durden

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ngombi said:

ABC Bullion's prices at their site.

http://www.abcbullion.com.au/products-pricing

Cheers

Click to expand...

Hey thanks, very interesting. Looks like around 4-7%.

 

• 18 January 2014

• #4

skyQuake

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Why not trade the actual futs? Or worse still a CFD?

 

• 26 March 2014

• #5

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Samtheman

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skyQuake said:

Why not trade the actual futs? Or worse still a CFD?

Click to expand...

Yeh looks like ASX does it PMgold = Perth mint gold

http://www.asx.com.au/asx/markets/priceLookup.do?by=asxCodes&asxCodes=pmgold

So thats a futures contract correct? What website can you go long or short on gold on?