Loading ...Consumer gold is on a ‘panic’ trajectory, what with suddenly increased demand for coins/small bars, and manufacturers of coins/small bars reducing supply because of covid-19. Bullion dealers set the coin buy/sell price in the ensuing panic.
The current price on a 10oz 99.9 (24 ct) gold bar is $16,705, or $1,670.50 per oz. when gold spot is at $1646.42 per oz. Markup premium is $26.08 per oz. The markup on a 2020 1oz gold Buffalo (also 24ct) is $130 ($1,776.55-$1,646.54), a net difference of $104
$104 is a lot of f’king money to stamp out a coin.