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Hgm Are Paying Spot For 1oz Coins

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Just looked at HGM's site and see that they are paying 100% of spot price for all 1oz gold coins.

Significance of this???

www.hattongardenmetals.com

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Significance of this???

No significance to my mind. Their only other option is to buy from the mints and they will charge spot + fabrication costs + profit. Thus the general public provide a cheap source of stock. If they manage to get a few numismatics in a batch too, that's a bonus. They do not care about gold prices since they will hedge. If you buy at spot and sell at spot +10% you make 10% profit, before costs, on your turnover.

HGM seems to be a rising star at the moment. They are offer aggressive pricing and market in a format the market wants. The sleepier old companies are going to hurt.

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Yawn...

All the proper dealers pay 100%, sometimes more if you have a lot of coins. By proper I mean ATS, Chard, Baird and Co etc.

Rising stars? They've only got 6 coins for sale (as opposed to Chard for example who has hundreds of types) and their bar prices are far more expensive than other dealers.

1000 grm bar at HGM = £19,360.00

1000 grm bar at goldline.co.uk = £19,146.00 = £214.00 less

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Yawn...

All the proper dealers pay 100%, sometimes more if you have a lot of coins. By proper I mean ATS, Chard, Baird and Co etc.

Rising stars? They've only got 6 coins for sale (as opposed to Chard for example who has hundreds of types) and their bar prices are far more expensive than other dealers.

1000 grm bar at HGM = £19,360.00

1000 grm bar at goldline.co.uk = £19,146.00 = £214.00 less

I think you mean their range of coins is restricted but its also true that they often have no stock so that is why they are offering a good price

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Yawn...

All the proper dealers pay 100%, sometimes more if you have a lot of coins. By proper I mean ATS, Chard, Baird and Co etc.

Rising stars? They've only got 6 coins for sale (as opposed to Chard for example who has hundreds of types) and their bar prices are far more expensive than other dealers.

1000 grm bar at HGM = £19,360.00

1000 grm bar at goldline.co.uk = £19,146.00 = £214.00 less

At time of this post edit.

1000 grm bar at HGM = £19256.44

1000 grm bar at goldline.co.uk = £18,980.00 = £276 less.

1000 grm bar at bullionbypost.co.uk =18,773.00 = 483.44 less

1000 grm bar at coininvestdirect = £18,648.97 = £607.47 less (which is an ounce of gold for free compared to the HGM price).

Also a thing to consider is who you are going to sell it back to, as the goldline bar will be one of their own Baird & Co bars as opposed to a Spanish SEMPSA bar sold by HGM, bullion by post sell Umicore bars and a CID bar will be from a German or Swiss refinery (for example: Heraeus, UBS, Umicore).

Edited by Take Me Back To London!

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On a different forum we compared prices in a couple of countries.

All reported much the same.

Buyers were paying between 7% and 10% over spot, sellers were getting up to 1.5% over spot.

Demand is certainly higher than supply from these figures.

Few years back it was about 4/6% over and under spot for bullion, 6/8% for coins.

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