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Yes. Gold is fungible only within the same custodian. Many people buy (normally small) gold bars only to discover that they can't sell them back by the same pr
by marcosdumay 14d ago
Yes. Gold is fungible only within the same custodian.
Many people buy (normally small) gold bars only to discover that they can't sell them back by the same price.
- carlosjobim 14d agoThat is the spread which the gold dealers have to make a profit. But bullion is bullion anywhere you turn and no matter to who you sell. No gold dealer will turn down investment grade gold.
- marcosdumay 12d ago> No gold dealer will turn down investment grade gold. For sure. As long as you pay the laboratory fee up front to prove that the thing you have is investment grade...
- carlosjobim 12d agoNever have a gold dealer anywhere asked me for any laboratory fee when selling bullion to them. They have their spread and that's it. It's their job to recognize bullion and have their own laboratory to quickly check if needed.