People on ebay are selling gold at less than spot value, where are they buying there gold from.
I want to start a business on ebay like a few people have, but I cant find any dealer that would sell it to me for less than market price. Am i not looking hard enough?
Or did those people just buy lots of gold and wait for the price of gold to go up?
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July 17th, 2010 on 9:45 pm
The people who are selling gold on e-bay at less-than-spot prices are either selling something that is not truly gold, or they bought it when gold was cheaper than it is, now.
Gold has gone up an AVERAGE of more than 13% per year, over the last SEVERAL years. In fact, it’s gone up by about 20%, just since this time, last year. With the world economic situation being what it is, today, many people expect that the price of gold will continue to rise.
August 1st, 2010 on 2:00 pm
The price of gold is so high at the moment, a lot of people are looking to try and get involved. I think you might struggle to find a dealer who can supply at below market value, but you with the price still rising, if you can get into it, it could be quite lucrative.
August 3rd, 2010 on 2:49 pm
Very difficult market to get in to, but if you can find the right supplier, there could be some good money in it. The price of gold looks set to continue rising so best of look.