See what the price hides. One everyday price, taken apart, every week.
The gold11.7 gThe only part a buyer pays for, less a discount.
- 1The carving: Paid in. Hours of handwork, the brand, the shop’s margin. Sold back: worth nothing.
- 2The gold: 11.7 g. The only part a buyer pays for, less a discount.
- 3The rest of the metal: 8.3 g. Other metals mixed in. Paid for: nothing.
Bought by the piece. Sold by the gram.
Why do jewelers pay so little when you sell gold jewelry back? The carving, the craft and the shop’s margin are all in the price you pay. None of them are in the price you get.
11.7 ggold · what a buyer pays for, less a discount8.3 gother metal · paid for: nothing
Earlier issues
All issues →- 002
The bar is still in the air. The shadow has already landed.Should you wait for a gold price dip before buying?Read →Decade before2022202320241,000+ ta year, three years running · roughly double the decade before - 001
The best gold deal in America is at Costco.Is Costco gold actually cheaper than buying from a dealer?Read →$4,141.90gold, at spot+$88.09premium