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Gold for sale on the internet at a discount

Question

I have buyers in USA looking for Africa Gold.  Why wouldn’t someone post gold for sale at a reasonable price on the internet?

Answer

Gold is never “for sale” – ever. Gold is MONEY and it is exchanged for currency (which is not money) from time to time to pay for labor and for fuel / continued mining costs, only because you can’t pay for such things in gold – or we would.

When you change currency from say USD to Ghana Cedis, there is a small exchange rate of 1-2%. any more than that would be too much – and so it is the same for gold. Gold is traded for currency from time to time, but only at a few percent below it’s daily value… therefore there is no gold “being sold” at some disproportionate value i.e. large % below the world market price.

You simply cannot make money trading gold = buying it for less than it is worth and selling it for more and yielding a profit. The competition is GLOBAL and the margins are thin. Gold is not like wheat, corn, coffee, or other physical commodities that don’t always trade at their index value – gold ALWAYS trades at, near or OVER full value, no matter where it the world the gold is available. If you can fly a plane there, or drive a car there – someone has an office paying world market less a few % already set up there.

… and if there is internet there – there is no way anyone would need to advertise gold on the internet for sale – that would mean that you could already fly a plane and drive a car there… and someone will have already set up an office there… buying gold at a few % below the world market price!

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