Independence Gold Buyers
We buy gold and silver, jewelry, diamonds and watches. We sell all types of precious metals.
https://www.coinnews.net/2023/07/19/gold-steady-while-silver-rises-on-wednesday-july-19/
Gold Steady while Silver Rises on Wednesday, July 19 On Wednesday, precious metals moved in all directions: gold remained flat, silver rose, while both platinum and palladium experienced a decline. Gold for August delivery was unchanged at $1,980.80 an ounce on the Comex division of the New York Mercantile Exchange. Again, the settlement was the highe...
Fight inflation and diversify your portfolio!
Should you buy gold and silver? Here's what experts suggest Amid inflation and uncertainty in the economy, many investors are exploring alternative investments like gold and silver. Here's what experts recommend before you buy.
Gold dealers pay less than the market price for gold or silver because they need to cover their costs and make a profit. The market price of gold or silver is the current price at which the metal is traded on global markets. Gold dealers buy gold or silver at a lower price than the market price, and then sell it to customers at a higher price, which allows them to cover their costs and make a profit[1]( -content-fn-1)[2]( -content-fn-2).
Gold dealers have various costs associated with buying and selling gold or silver, including overhead costs, manufacturing costs, labor costs, and shipping costs[2]( -content-fn-2). In addition, gold dealers need to make a profit to stay in business, and they may also need to hold some inventory to meet customer demand. All of these factors contribute to the difference between the market price and the price that gold dealers pay for gold or silver.
It's important to note that the difference between the market price and the price that gold dealers pay for gold or silver can vary depending on market conditions, supply and demand, and other factors. In general, the difference is likely to be smaller for larger gold or silver dealers who have more buying power and lower overhead costs[1]( -content-fn-1).
# # # # Sources:
1. "Why You Can't Buy Gold or Silver At Spot Price." Gainesville Coins, 2023, . [↩]( -content-fnref-1) [↩2]( -content-fnref-1-2)
2. "What is Bid Price Vs Ask Price?" APMEX, . [↩]( -content-fnref-2) [↩2]( -content-fnref-2-2)
Why You Can't Buy Gold or Silver At Spot Price There are good reasons why you will struggle to buy gold or silver at or below the current spot price. Read this definitive explanation from industry experts.
Once upon a time, there was a man named John who inherited a gold necklace from his grandmother. He decided to sell the necklace to make some extra cash, but he didn't know where to start.
John went to a local pawn shop to inquire about selling the necklace. The pawnbroker examined the necklace and offered John a price that was much lower than he expected. John felt disappointed and thought he could get a better deal elsewhere.
Next, John went to a jewelry store to see if they would offer him a better price. The jeweler examined the necklace and offered John a slightly higher price than the pawnbroker. However, John still felt like he wasn't getting the best deal possible.
Finally, John decided to try an online gold buying service. He found a reputable company that specialized in buying gold and sent them a picture of the necklace. Within a few hours, the company offered John a price that was significantly higher than what he had been offered at the pawn shop and jewelry store.
John was thrilled with the offer and decided to sell the necklace to the online gold buyer. He received a shipping label and sent the necklace off to the company. A few days later, John received a check in the mail for the agreed-upon amount.
In the end, John was happy that he took the time to research his options and find the best gold buyer for his needs. That Gold buyer was Lonestar Gold Buyers and the moral of the story is do your research and call me before you sell to anyone else!
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