Katherine Hamilton

speaker

654 appearances 14 recordings 1 series first heard Apr 2024 last heard Jan 2025

Katherine Hamilton’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why It’s Harder to Sell Gold Than to Buy It · 29 Apr 2024 podcast

The price of gold basically varies throughout the day. matched

The spot price right now, which is the market price, is about $2,300. matched

And most retailers like Costco are going to be charging a little bit over spot price. matched

It is not a super common investment. matched

The biggest change that we're seeing right now in gold investors, especially for physical gold in the U.S., is there is a younger segment of the population that's becoming interested, particularly millennials are interested in investing, which is a bit of a new trend, I would say, in the U.S. matched

investment. matched

It's usually been older people that are investing in gold in the past. matched

There's a few different options. matched

Costco is not one of them. matched

They don't take returns and they don't buy gold back. matched

But there are a lot of brick and mortar places. matched

So whether that's a pawn shop or specifically gold coin dealer, there's also a ton of online retailers that buy and sell gold. matched

And then the third option, if you want to have a little more say over your price, is like a peer to peer platform like eBay or Facebook Marketplace. matched

A big issue is that there are just a really wide range of options for people who want to sell their gold, and they're going to get a different price from pretty much all of those different options. matched

So you basically have to really do your research and know the value of your gold before you try to go find a buyer. matched

And you also usually immediately lose a portion of what you paid for your gold. matched

So if you matched

buy gold and then turn around and try to sell it, you're not going to be able to really sell it for the same price that you just bought it. matched

And that's because a retailer is going to add a small premium above the spot price and charge you a little bit above the spot price. matched

And then when you turn around and try to sell, it's most likely you won't be able to sell at or above spot price. matched

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