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Buy Gold, Lose 8% on a 6% Profit - Adrian Ash - Bullion Vault

If you are buying or selling gold in person, from say me, to you. The loss is not as significant, or is not even existent.
Especially if I bought an ounce of gold in the past at let us say $1000.00 for an ounce Canadian maple ( I have several I bought for cheaper than that in the past & less for my Krugerrands). & today I sold it to you for Kitco's price today, of $1265.50 which was where it was earlier this morning.

As far as my limited math skills go, that appears to be a profit to me .

Commented 2983 days ago

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Beginning of the headline :Want to buy gold? If you don't hold it, you might get to make a profit...! YOU typically buy gold because you want to defend your savings, writes Adrian Ash at BullionVault. Yet many people insist on giving away 10% of their money – or more – every time they buy and sell gold coins or small bars. February 2016, for instance, has seen gold's best monthly rise since November 2008 in terms of the British Pound, rising over 14% as Sterling has sunk amid the growing Brexit crisis. That's ... Read More

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