What's stopping me from buying cheap gold in Europe and selling it for more in the US?
>>60758627 (OP)US is broke and only finances crypto on loans. If you want to sell gold go to the saudis.They pay cash up front.
>>60758627 (OP)>What's stopping me from buying cheap gold in Europe and selling it for more in the US?Usually the difference in price isn't enough to be worth the cost/taxes doing that.
Customs enforcement which can be easily avoided
>>60758627 (OP)Whatโs the spread on buying/selling physical gold? I heard itโs something like 5%? Iโm planning on offramping some of my crypto this way.
pretty sure thats called being a jeweler. you could also melt the gold into a chain for free if you have some skills and sell it for even more
>>60758627 (OP)The COMEX and LBMA have already been doing this for literal decades. That whole conspiracy theory about banks suppressing gold prices is really just an arbitrage trade between NYC and London exchanges. Good luck muscling in on that.