"Ecnerwal" wrote in message
...
In article ,
"Ed Huntress" wrote:
Which reminds me, there are a lot of jewelry shops buying gold. If there
isn't some reason they can't do this, I would think that they'd sell you
a
piece fairly cheap. They aren't paying the commodity exchange rates, I
can
tell you.

...but the whole point is to buy cheap and sell dear, thus making money
at it.

Right. But they're buying from individual sellers at less than commodity
prices, and no doubt they're selling it at something at least slightly lower
than commodity prices, so they could charge a lot less than the retail price
for jewelry gold, which appears to be the commodity price plus a substantial
markup.

There's probably plenty of slack for them to make some money without
charging an arm and a leg.

--
Ed Huntress