Last time i popped into Tomei to check out their gold bar prices, twas 25% above what i would be able to purchase for........i asked th shop assistnat if anyone bought at such exhorbitant prices. She smiled and said YES.

I supposed she was right since someone bought at Rm6200 when could be gotten for less than Rm5800.

Remembered she tried to sucker me into thinking that the Pamp Dragon was a limited edition!
Could have sued her for that! 

Those who buy at today's prices will look back at their spead argument and laugh at how silly they were to argue over such trivial matter.

I can only speak for myself. I buy gold as a store of value against depreciating currencies. No one knows how the debt crisis in Euro and eventually US will play out. One thing is for certain... only silver and gold has stood the test of time to play the role of hard currency. People will begin to realize as time goes by. The spread arguments are really for traders who plan to profit from the fluctuating prices. Long term holders or people looking to preserve and capitalize on their existing wealth should be less concerned, or not at all.

If a currency crisis were to unfold, no one would probably be looking to sell their precious metals, unless for buying necessities. If such time were to ever come people would be prepared to buy from you at spot price I dare say, provided you have the documents to prove that you are the holding the real deal.

So, just sit back and enjoy the ride...

There is a saying... "It is rare to find a man who is both right and sit tight"

I got gold which i kept since 15 years ago mostly are jewelleries. But got 1 gold coin dated 1904. Was told the coin worth more than 10k. Where is the best way to sell the gold? Goldsmith will buy at low price which i dont want to sell to them

Not sure what you can do with the jewellery....try gold smelters?

What coin is that? Why do you think its worth >10k?