No price negotiation - Purchaser to say “I’ll take it” and then price will be set at the current spot BID price for gold at kitco.com at the time I see the reply:
I’ll reply with the current bid price at the time I see it and then the price is SET. Purchaser then has 1 week to coordinate with me to purchase. If the spot price goes up, you still get the price initially set. If the spot price goes down, and you decide to back out of the deal, well…a pox upon you.
This is an opportunity to buy gold at a significant discount to what you’d pay from a dealer:
At the time of this post:
Kitco spot bid - $3,432.80
JM Bullion purchase price - $3,560.21 (for single bar check/wire payment)
1980 – Hunt Brothers tried to corner the market. Junk silver came out of the woodwork and destroyed their attempt.
2011 – “Investors” (speculators) jumped on the bandwagon, ramping up the market fast. Most of them lost their shirts, as silver (and gold) crashed in September. Hogs get slaughtered.
Is that repeating again, now in 2025? The silver ramp has been crazy… Makes me think of the Bitcoin ramp years ago, and the meme stock ramp with Gamestop… Many people lost their shirts (and shorts) in those.
Yep, it has, for many years. So why the huge ramp up in price NOW, considering solar panels, EVs and consumer electronics production are all down this year?
