today I went to a local place (within 30 minute ride) that is very reputable and very popular to get rid of some gold. The price today for gold (market) was 1773. when I walked in their door. They basically said that they melt everything and are literally taking little to anything to resell as there is NO one buying the gold they have (there is basically an entire three walls/showcases filled with it all and a myriad of other items as well), . They quoted me a lower price then I anticipated based on research I did (and USGB PRINTED online/phone call payout)
WHen I told them that USGB was at 999. for 14K (payout 3-25ounce ), they said it was not possible and they intimated 745. for the same amount (IMHO, a HUGE difference)...They thought I was not being forthcoming and told me that if that was what I had been offered, I should go with USGB. I actually had them pull it up online and they saw it for themselves. They appeared to be shocked and knew I was walking at that point.
Needless to say, I left without cash on hand as It was foolish for me to sell it to them.
What they then told me was that they have to keep "anything" they get for 21 days by law (allegedly to be sure it was not stolen, tho I have no idea how that works??) They said they cannot pay out like usgb ....no comparison in Volume...makes sense to me......
and that
they do not melt it themselves, so i guess they are in effect a middle man for me...and thats why they also pay out less...
Interesting.......so its back to nyc early next week..Think Gold is going to be going up even more as it generally does when there is all the world strife, as it sadly is right now.
So, if you are contemplating getting rid of some gold, ASK Q's, and compare (atleast to USGB) and no i have NO connection at ALL to usgb...they just seem to be paying the most
and I learned about them here on the dis..
Enjoy your weekend!