Comment: Do All gold dealers tack on a $60-$100/oz. premium?

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Do All gold dealers tack on a $60-$100/oz. premium?

Do All gold dealers tack on a $60-$100/oz. premium?

Last time I bought gold was when it was $240/oz., and it was from the local coin shop. The guy explained the premium as being for the minting process. Fine, but all these banners on the DP and elsewhere have a freakin big premium even on resold coins with some claiming the premium can be partly recovered. Okay. Why don't they just be honest and say the premium is the profit margin, and "tough cookies you can't buy metals as commodities without a middleman".

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"