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Topic: Should I buy this gold bar - good deal? - page 2. (Read 1912 times)

legendary
Activity: 1120
Merit: 1000
June 04, 2014, 09:15:05 PM
#3
That's not gonna selling for $380. It's an auction. There are 13 bids and 22 hours to go. Wait to see the price tomorrow Wink

Honestly, I would stay away from ebay auctions and gold unless you want to pay a premium. Noticed quite a few times gold and silver selling higher then usually.. most of the times you would be able to get a better price at sites like apmex.com for the same coin or bar.
full member
Activity: 168
Merit: 100
June 04, 2014, 08:32:48 PM
#2
the reserve not met means that he/she can cancel the auction if it doesnt reach the requirement....
legendary
Activity: 1736
Merit: 1029
June 04, 2014, 08:17:53 PM
#1
SoI just found this on ebay: http://www.ebay.ca/itm/10-g-Pamp-Suisse-Gold-Wafer-Bar-/301198427928?pt=US_Bullion_Bars_Rounds&hash=item4620d34718&_uhb=1

They are selling a 10g gold bullion for $380 USD?  10g of 24k gold is currently already $400 USD... so how are they making a profit off this?  I'm planning to buy it, just wondering if I missed something? o.O

Edit: is it because there is "Reserve not met"?  We have to bid higher in order to buy it from the seller?  o.O I barely use Ebay Tongue
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