Hi ADulay
Hope you're doing well.
"...what is the actual cost coming and going when buying gold?..."
Generally speaking, ~~(+4.5%) premium on the buy and ~~ (-0.0125%) on the sale (From a certified dealer). Premium meaning % above or below NY spot price). Based on a 1oz gold bar from an average-brand mint.
As you probably know the above premiums % will be lower on the "buy" for a larger denomination (e.g., 5oz or 10oz will have less buy-premium % and vice versa on a smaller bar such as a 1/2oz or 1/4oz bar will have a higher premium %).
For example, at today's gold price (4/16/23) of say $2004.00USD NY spot price one could buy a 1oz gold bar for 2093.00(+4.44%) and one could sell that same bar to the same dealer for 1979.00(-.0126%).
All other variables being equal the "buy" premium is typically less for Bars.
Bars% < Rounds < Coins
Continued Success,
Hope you're doing well.
"...what is the actual cost coming and going when buying gold?..."
Generally speaking, ~~(+4.5%) premium on the buy and ~~ (-0.0125%) on the sale (From a certified dealer). Premium meaning % above or below NY spot price). Based on a 1oz gold bar from an average-brand mint.
As you probably know the above premiums % will be lower on the "buy" for a larger denomination (e.g., 5oz or 10oz will have less buy-premium % and vice versa on a smaller bar such as a 1/2oz or 1/4oz bar will have a higher premium %).
For example, at today's gold price (4/16/23) of say $2004.00USD NY spot price one could buy a 1oz gold bar for 2093.00(+4.44%) and one could sell that same bar to the same dealer for 1979.00(-.0126%).
All other variables being equal the "buy" premium is typically less for Bars.
Bars% < Rounds < Coins
Continued Success,