Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Personal Finance
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-17-2009, 10:58 AM
 
3,763 posts, read 12,600,619 times
Reputation: 6856

Advertisements

Good, large dealers will pay much closer to the exchange price.

When I had some scrap to sell - I looked up the exchange price ($923 the day I was selling) and called around.

I had quotes ranging from $500/oz to nearly 900 an oz. I went to the place that was offering closest to the exchange rate.

I did the math, and they ended up taking 5% as their profit/fee. I thought that was very reasonable.

Look the places your interested in up (phone book, online) and call and ask them. They shouldn't have anything to hide.

If its more than 10% off market price - I would not deal with them.

Also remember - if your gold is anything other than 24K - your price will be adjusted for purity. That is not the same thing as them taking a bigger profit, it means that your gold's value is worth less because it contains less gold.
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Personal Finance
Similar Threads

All times are GMT -6. The time now is 12:13 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top