Wednesday, May 16, 2012

Q&A: How hard is it to buy gold online for cash in the real world ...

Question: How hard is it to buy gold online for cash in the real world?

All I wanna do is provide the credit card info, schedule a pickup or have the pure gold delivered, and then sell it to a pawn shop/precious metal dealer for an almost exact price. All I want is the cash. Why when I google this all I get is advice about investment and value of gold. I don?t mind a 25cent change in value over a day, just as I don?t mind being a loser of a quarter(That?s just one cigarette, haha)
When planning to visit another country, do you have to wait in line behind overly-eager investors, brokers, forex, arms that never get tired staying up etc. just for cash? Excuse my ignorance in all the financial lingo, it?s waay too confusing even coffee feels like beer.

www.goldsenze.com Answer:

If it is too confusing, then you shouldn?t be investing in gold. You?ll never be able to do what you think you can do. First there is the spot price that a dealer will pay, then there is a markup price plus shipping that you will pay for the gold. Then when you want to sell the gold, the dealer will offer you a discount price to buy your gold.

Depending on from who you purchase your gold and type of gold (bars, coins, collector coins, etc.), you will likely have a round trip surcharge of 10%-70%. If you don?t understand the different costs, you will likely be very sorry that you ever purchased gold.

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