6538 Posted August 13, 2009 Share Posted August 13, 2009 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 Quote Link to comment Share on other sites More sharing options...
thod Posted August 13, 2009 Share Posted August 13, 2009 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. Quote Link to comment Share on other sites More sharing options...
john mitchell Posted August 18, 2009 Share Posted August 18, 2009 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 Quote Link to comment Share on other sites More sharing options...
dr ray Posted August 18, 2009 Share Posted August 18, 2009 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 Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted August 18, 2009 Share Posted August 18, 2009 (edited) 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 August 18, 2009 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted August 19, 2009 Share Posted August 19, 2009 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. Quote Link to comment Share on other sites More sharing options...
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