Well, 1 gram of gold, Umicore. Costs €84,64.
The spot gold price per gram is €61,79.
So, the premium is way more than 15% actually.
The cheapest Canadian Maple leaf silver coin costs €25,26.
That's 1 Troy ounce.
But 1 Troy ounce silver at spot is now worth €21,40.
And then add the shipping costs with extra insurance.
Where do you get better prices?
Locally in Arizona, and while I think that does make some difference, the private sale of PM’s means there’s a bit of competition. I have had experience shipping PM’s globally, some counties have different regulations on shipping as well.
I get it. I do realized how blessed I am to be able to conduct business privately 🫶🏻🫂🧡💜
Yeah, I'm less blessed in that aspect, I guess 😄. I'm in the Netherlands.
I like to have coins and I'm looking to buy. Cause I made a good Bitcoin profit so I wanted to switch out some BTC for coin...
But I lose too much money on the dealers. It's more a vanity buy, than a smart way to allocate my purchasing power. As I said... 15%, at the very least, on shipping and premiums.
As a Bitcoiner, the allure of gold and silver is not lost on me. I want it.
If you're privy to better ways, I'm honestly interested. But I'm not paying 1000 bucks for 800 dollar silver. It'd be an instant loss, right?
