QUOTE(robotica @ May 11 2015, 03:58 PM)
few questions for you :
1. since u mention competitive price. what's your premium like? i.e 8% over spot price or u hv fix premium?
2. do you buyback what u sell? If YES what's your spread range like? i.e 10% off sales price....etc
3. Are you individual seller or company? need to know coz if receive fake metal at least can still take legal course of action.
sorry for long winded question, imho big investor need to know as it is extremely important especially exit strategy if seller don't buy back how will big investor sell them? they're not going to sell $100K worth of metal piece by piece online am i right?
and also premium. for every $100K invested imagine u can save 4-5% how much would u save right?

1. My price I can offer is lower than all the websites I see in Malaysia.... it will fluctuate v the spot n currency n premium like all other websites. .. but I am confident I can do lower as I had a good source overseas. Can't really stated how many % premium over spot as premium might increase due to shortage of physical stocks but low spot price -- which is common.
2. Buyback? I will buyback if u can offer lower than my purcahse price at that moment.... depends in spot / currency / premium of the industry.
3. Exit strategy for Gold is quite easy in Malaysia - pawn shops / Arahnu / forumers / friends... Certainly if u dump 100k worth of goods at the same time, don't expect a good price - demand VS supply principle applies.
4. I am investor myself n tired of paying high premium to local sellers.. so hv put effort in securing good source overseas...
5. Fake gold? Valid question, so always buy items v high security features which ia difficult to fake. I like 1g gold with assay n serial number. 1g low premium gold bar doesn't give much motivation for syndicate in China to fake... They would prefer to fake big bars n high premium coins....
6. u can take legal action against individual who sell fake items too, right?
This post has been edited by XtraLeoGecko: May 11 2015, 06:00 PM