Big Boys Hobbies

Gold prices

The mint is now cutting output to distributers.
 
Noooooooo.... but they will have to report it.:laughing: It could be interesting as to what DAY they figure my check vs the day received. Will they hold it a couple of days to see if it goes down, pay based on melt day or the day received? I wished id kept the ARA sheet and my last Midwest sheet to show how each figure it.... from receiving it, to melting it, to pay out. I believe ARA complicates it a bit more.... there maybe a reason. At this point ..... honestly i dont care after the fact. Im good.
 
Here you go Dew, right from their website:

You receive 100% of the market or spot price on the day your order is completed and ready for settlement.
 
LOL, yeah, my throne. I was the photographer of the gold bars from the SS Central America for the book written by my then boss. Took a minute to take a photo of me with the gold on a pallet. Loooong time ago when I was young.
 

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AlpoRanch said:
LOL, yeah, my throne. I was the photographer of the gold bars from the SS Central America for the book written by my then boss. Took a minute to take a photo of me with the gold on a pallet. Loooong time ago when I was young.
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I have that book and a few others. Love the history.
 
I reached out to ARA for more info and they responded with,
"We are business to business only."

Emailed MidWest Refineries and they do transactions with the general public.

Just wanted to update everyone as I found this very important!
 
TheIVJackal said:
Read through it, sorry you didn't get what you were expecting! Have you found an alternative? I think they may be my best bet, like you my local dealers don't pay nearly enough.
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If I did it over again, I would at least give my local people a chance. Perhaps trying to build a relationship.

I also would have lower expectations of Midwest. I thought I was setting the bar low by rounding down, but it seems just going with 85% would have been a better low bar.

I know of no alternatives. With the price of gold up, perhaps some more will pop up?
 
The Traveler said:
If I did it over again, I would at least give my local people a chance. Perhaps trying to build a relationship.

I also would have lower expectations of Midwest. I thought I was setting the bar low by rounding down, but it seems just going with 85% would have been a better low bar.

I know of no alternatives. With the price of gold up, perhaps some more will pop up?
Click to expand...
With high premiums involved recently of upwards of $100 over spot or more for instance when purchasing a 1 oz. AGE, could you do better selling on this forum? I know civilian buyers would love to buy gold at spot, including myself.
 
amc rulz said:
With high premiums involved recently of upwards of $100 over spot or more for instance when purchasing a 1 oz. AGE, could you do better selling on this forum? I know civilian buyers would love to buy gold at spot, including myself.
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Then let me ask you this : I have about 7 Cartier 18k " love" rings for sale. I know they're real because they are stamped. Want to buy them ?
 
KOB said:
Then let me ask you this : I have about 7 Cartier 18k " love" rings for sale. I know they're real because they are stamped. Want to buy them ?
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I understand exactly what you mean. The buyer must have the means to verify authenticity/purity or they’re just gambling on the purchase.
 
The other aspect of that is ... you would be gambling it’s going up... and you would be buying not just at melt ... but weight not final melt weight
 
The Traveler said:
If I did it over again, I would at least give my local people a chance. Perhaps trying to build a relationship.
Click to expand...

That's what I've done. PM buyer about 5 min walk from my apartment. He gives me 94-95% of spot. I recently cashed in like you have to pad my 10 yr/olds savings account for braces ($7 grand) and 2 new iMacs and an iPad to get in front of our states mandated 100% distance learning.

I so wish I had bought Apple stock. December 12, 1980 @ $22/share!
 
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