I almost bought some yesterday below $17, but didn’t really know the ins and outs of buying. I now know about sales tax and how much over spot to buy, not yet sure if buying is a good idea if have to sell it below spot as well. Seams like it is a lot like gambling where the only sure winner is the house (broker), do they call them that because that’s what they make you?
Just found out for a 10 oz. bar it’s $1.25 to buy and $.75 to sell that’s a total of $2 commission out of $17, that works out to 11.76%. Yeah, not really a good idea for me!
