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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 1mo 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 1mo 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 1mo 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 1mo 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.