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Well, I paid 181€ for the gram of gold, and 80€ for the silver coin, on the Swiss website Gold Avenue.
I know it's a lot compared to the price of the metal, about 30% for gold and 10% for silver, but the fact that it's a limited edition increases the premium price even more, I imagine? Or maybe I just paid more for nothing, I don't know.
I saw some websites in the US selling this same Dune gold bar for 215€ after conversion, but as you say, prices vary a lot depending on the country, which is normal.
I also read that it's normal for small coins and bars to have a higher premium.
For comparison, the 5 grams Lady Fortuna bar from Pamp is currently sold with a premium of only 5%, on the same website.
Yes there seems to be a large premium there for small quantities.
I wonder what price the Gold Avenue will buy back the same gram?
There are some gold brokers taking advantage of inexperienced buyers charging a brutal premium.
As an investment a spread between purchase price and the price the seller will buy back from you anything over 5% total is unreasonable from my point of view.
on Gold Avenue they don't buy back the gold sent physically, there is an option of storage in a safe in Switzerland, I saw a video about this where new users feel scammed for not having read all the details, and this is where they abuse on the premium prices.
They highlight free storage up to 10k euros and no additional costs on resale but they apply their own resale prices below the metal price.
I looked at most of the physical stores around me, repurchased gold at -5% of the price of the gold rate.
Interesting. Here in New Zealand the local gold merchants have a similar spread of about 5% above and below spot price for sell and buy.
That's why for me buying gold in Thailand with their spread much closer to 1% above and below spot price is preferable.
I believe that in most western countries the gold market is somewhat restricted to prevent it competing with fiat money and stocks.
Yes I think CGT applies in most western countries.
But the dealers margins vary a lot.
Here in NZ the spread between buy and sell is almost 10%...usurious!
In Thailand its closer to 1 or 2%...quite reasonable.
Obviously not worth flying around the world to buy and sell but always worth considering how and where to sell when you choose to.
Private sales might be an option too...avoiding dealers fees, at least.