When search for gold online. I find people selling it for more than the gold price per gram.
Lets say price of 24k gold is $40.
Where would I find gold at the price $40/gram?
I don't want to pay for brand names . Just want the gold at the market price
Jewelry has the workmanship involved too, so will sell for more that the price of the gold. Some gold coins have collector value and will also sell for a premium. Some will sell for the gold price. There will be some kind of sales commission though.
Gold is always sold above the spot price of the metal to compensate for production costs, marketing, handling and so on. It s just like when you buy shares at the stock market. There are always some extra fees attached to buying a commodity. The trick is to find a dealer that keeps the mark up to a minimum. BullionVault for example is a peer-to-peer internet exchange platform for gold bullion bars. It s kind of like what napster was for downloading music and they keep the commission reasonable between 0.05% and 0.5%. Have a look here to find out more: http://www.buy-gold.link/dealers/Bullion...
You want gold at market price? Open your own jewelry store or pawn shop. You can probably buy it for a bit less than the 'melt' value. Then, turn around and sell it for what you paid for it and see how long you can keep your doors open.
THAT is why nobody will sell you gold at 'market' price.
People have to make profit in some form for handling it, only when the use has a gold standard pre 1932 could you demand gold at the current rate.
At lest expect to pay a broker fee for ingots.
Here's an examples broker who buys back at about 13% off the selling price.
http://goldsilver.com/buy-online/400-oz-...
You will always pay more than the market price because the seller needs a markup. Jewelers, coin dealers have gold.
you pay what people charge - when you sell it, you will NOT get "market price" either
