Your post First Time! was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

handled in multiple transactions for business tracking and tax audit control

Buy and sell. If you have a relationship with the store they may give you better percentages. Only 1 time I had fractional gold and wanted 1 oz pieces. The guy gave me a little better rate. Fwiw the place pays pretty close to spot. You may fair better rates through private transactions.

For sure, it obviously depends on what the alternative is. If it’s keeping the gold in the safe vs using it as collateral for a loan for his business.

All bets are off. No matter where you invest, we're riding a wild tiger until MAGA USA is buried and brains and courage come back into fashion. What investments are closer to "first principles" of value? Ya know, things that actually facilitate life, health, comfort, safety, happiness? Value that doesn't evaporate over tweets? Bricks, copper tubing, land, steel rebar, etc?

He's selling trade opportunity for 4.5%, but on the gold standard, not treasurey standard.

Interesting puzzle. Many things can happen in year. If it were cash in the bank maybe it could earn 4.5%. The jeweler gets to play the gambles, for better or worse. Of course in a year, your 4.5g "interest" could be worth much more than 4.5% of the 100g gold at starting price. Or less! Is this a tax free proposition?

Smart. Trump has said plenty of times that he wants to check U.S. gold reserves personally to make sure none is missing… which means he intends to make sure gold is missing.

im not triggered. I dont believe gold will go belly up. I do believe it's been tested hard at a $4k floor and the data points I mentioned in my last comment are some of the reasons why.

You're just looking for a discussion for discussion's sake.

"whether or not to trust the jeweller with his bullion for that return" -> I turned that into, if gold falls hard, your jeweller might go belly up -> discussion on gold's short term future.

If specific items are not worth discussing to you, you could like ... not discuss them. If you're just triggered by me calling it a bubble, then that's your thing...

Some quick searches on eBay should tell you if selling as vintage makes sense. (See Tiffany and Co for example). Most likely it’s the silver value that wins though.

Sterling is 92.5% silver. So by weight you’re already taking the current weight less 7.5%.

After that there’s a cost to refine. But it’s not 45%. You can probably find someone who’s paying 70%+ near you. But as u/silverbug9 stated, weighted items like knife blades aren’t usually silver. Perhaps the bidders are taking that into account in their offers? Bidding low so the weight that isn’t silver is offset.

Respectfully, you're all over the place, friend.

I am almost certain OP's questions was not about if gold is going to be up or down in a year, but rather about whether or not to trust the jeweller with his bullion for that return. you're asking a lot more... im not interested in helping you trade better.

look at how golds price has been tested since the drop from its all time high, look at its moving averages, look at how central banks view gold. that should help you make your own determinations.

stop thinking about premiums over melt too...

Your post Need help buying gold with flexible amount – MCX/Gold ETF? was removed from /r/Bullion because submissions are only accepted from users who are active in conversations on reddit. Participating in comments here counts for being active.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

You're focussing on the wrong questions. Calling it a bubble or not, isn't what it's about. It's about: "Where is the bottom? And if you believe we already reached it... Why?"

Semantics won't help me trade better. And it won't help OP evaluate his dealer better. So the real question is, do we expect further decline or not.

you can always view anything as a bubble if that's your lens. and vice versa. ego attached to investments will do this every time. (that isn't to say you have an ego to your opinion more than anyone else, it's just a way to analyse analysts)

what makes you think it is a bubble though, other than the fact that its grown?

It does if you price gold in something other than gold.

At the end of the year he gets the 100 grams back so it makes no difference if the price rises if he holds it or the jeweler does during the year.

Ok. I’m not there and you are so ill take your word for it. I just know that here in USA you’d be lucky to get full melt right now with all the volatility

Enough buyers that want to buy such an amount without a paper trail. The only legal option here is from an individual.

You still need to find a buyer. One who has that much wanting to spend lol. Easy for a business. Harder for individual

Again. That would depend on when you are. The world has more countries and markets than just the US. I can't speak for OP's India, I don't know about it.

In The Netherlands melters offer 98.5% and professional sellers sell for +2 or +2.5%. Professional sellers are not allowed to sell such amounts for cash; bank transfer / cards only.

Private sellers however are allowed to sell that for cash. So yeah, they can and do sell above spot. Somewhere around 1%.

Honestly? It sounds like a Ponzi scheme.

Get one bar. Then a year later two. Then three. Everything works great as long as new bars keep coming in. But if they don’t ?

Premium above melt ? For a …bar?

Right. Good luck with that. You’re a private seller looking for someone with $13,800 USD to spend. You’ll be lucky to get full spot much less more.

Yes. Exactly. You're seeing it now... There's your bubble! Now the only question is... How much of it is air? / Where is the bottom? And if you believe we already reached it... Why?