The gold value chain, why you pay more than the gold spot price?

A gold coin in your hand has traveled a long way:

1. Mining (5-15 years, billion-dollar investments)

2. Gold (1-2g gold per ton of rock)

3. Gold purification (80-95% purity)

4. Minting (Refining to 999.9/1000)

5. LBMA Good Delivery (LBMA Good Delivery)

6. Minting (Mints)

7. Wholesale (Wholesale → Retail)

Each step incurs costs. The "markup" at the dealer isn't a rip-off, but rather the sum of this added value.

Price Comparison:

• 1 oz coin: 3-6% above spot price

• 100g bar: 2-4% above spot price

• 1kg bar: 1-2% above spot price

Anyone charging significantly less should raise questions.

#SupplyChain #Gold #Investment #Transparency #MetalRoundtable
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