23 March 2012 #1 P Peter2047 Joined 8 May 2006 Posts 32 Reactions 0 Hi All, I am puzzle why the neighbourhood gold shops are paying $1882/oz when the gold spot price is $1650. Any gold expert here can give some hint on this.
Hi All, I am puzzle why the neighbourhood gold shops are paying $1882/oz when the gold spot price is $1650. Any gold expert here can give some hint on this.
23 March 2012 #2 Julia In Memoriam Joined 10 May 2005 Posts 16,986 Reactions 1,975 Why will antique dealers pay more for anything, gold included, because of its antiquity? Because it's rare and sought after.
Why will antique dealers pay more for anything, gold included, because of its antiquity? Because it's rare and sought after.
24 March 2012 #3 skc Goldmember Joined 12 August 2008 Posts 8,277 Reactions 329 Peter2047 said: Hi All, I am puzzle why the neighbourhood gold shops are paying $1882/oz when the gold spot price is $1650. Any gold expert here can give some hint on this. Click to expand... May be check your calculations again? What are they paying per gram (that's how these normally work)?
Peter2047 said: Hi All, I am puzzle why the neighbourhood gold shops are paying $1882/oz when the gold spot price is $1650. Any gold expert here can give some hint on this. Click to expand... May be check your calculations again? What are they paying per gram (that's how these normally work)?
24 March 2012 #4 prawn_86 Mod: Call me Dendrobranchiata Joined 23 May 2007 Posts 6,637 Reactions 7 Is it that they are paying in AUD and gold is priced in USD?