/biz/ - Business & Finance

>>55918362
They sell you a promise of gold (with premium) and buy the promise back under spot (for now 1%, but in 2 years it could be 6% or they don't buy back at all, because the gold never existed in the first place).
If you want to use gold for investment, use ETF. But that is a mistake, there are better investments.
Instead, buy the gold, put it in a sock and see it as a store of value.
>>55918362
>I'll try find some other place where to sell near spot
AT SPOT. As in, exactly spot, never below!

Gold.de is a german website to compare prices, i see more than 5 offers to buy gold at or over spot price (which i have marked red).
You have to find such a site for your country. Pretty sure you can sell at spot in your area too.