Home › Forums › Financial Markets/Economics › Below Spot Price Gold on EBay Right Now
- This topic has 6 replies, 2 voices, and was last updated 7 years, 3 months ago by Coronita.
March 2, 2016 at 8:15 AM #21894March 3, 2016 at 7:12 AM #795249
Well, gold is up since yesterday when I bought at $1270. I guess people don’t like the idea of Trump possibly being president. 🙂March 3, 2016 at 7:29 AM #795251
Damn, should have bought more…..March 3, 2016 at 7:57 AM #795255ltsdddParticipant
How do you know for sure what you’re buying is legit? The latest great invention coming out of china is “fake” gold (a mixture of gold and other alloy) that’s practically undetectable without melting it down first.March 3, 2016 at 8:41 AM #795256
[quote=ltsdd]How do you know for sure what you’re buying is legit? The latest great invention coming out of china is “fake” gold (a mixture of gold and other alloy) that’s practically undetectable without melting it down first.[/quote]
So I am only buying from a reputable dealer (apmex) and I am only buying newly minted 2016 coins/bullion that dealers get directly from the mint authorities.
It is unlikely a large reputable dealer will intentionally try to sell a fake. It would crush their reputation. So the possibility of a fake would be if you bought a coin that was not new that somehow slipped through the dealers inspection when it was bought or sold.
So I will avoid second hand coins (or those designated as “random year” coins/bullion.)
And I’ll make a trip to a local dealer to do a check every so often
As a fallback, there is eBay protection and PayPal protection, and my AMEX protection.March 3, 2016 at 12:48 PM #795268
Well, that didn’t take long to escalate quickly. Spot is up $25 today alone. Something spooked people…
http://www.kitco.com/kitco-gold-index.html?sitetype=fullsiteMarch 4, 2016 at 6:57 AM #795310
Gold up another $15 today
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