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.
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.