Comment by marcosdumay
1 day 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.
1 day 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.
That 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.