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Buying gold in brazil

Joesphwilliams834

hi does anyone know the best way of buying physical gold in Brazil, gold coins or ingots

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Peter Itamaraca

hi does anyone know the best way of buying physical gold in Brazil, gold coins or ingots - @Joesphwilliams834

Forget it...! I was offered gold in exchange for a home a few years ago, so I looked into it.


The price gold is sold at by dealers is considerably more than market value, and they buy at much less! There is a huge mark up - not sure why.

Joesphwilliams834

@Peter Itamaraca

Yes, I have found that

NewBrazil

@Joesphwilliams834

I would suggest you made a connection with a jewelry maker who buys gold. He get it below spot usually it 30% to 20%. Make a deal to buy it at spot. I know this use to work in a jewelry store. All the gold is usually 18K. So go look for jewelry makers in your area and let them know you want to buy gold jewelry. The good thing is you can mark it up to resell at 15% to 30% above spot. This is a good deal for who is buying from you. Since most jewelry in stores are minimum 50% to 100% above spot. Also when transporting it make it easier without much notice. Just my suggestion.

Joesphwilliams834

Thanks for your reply, sounds interesting, will look into it 

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NewBrazil

@Joesphwilliams834 look for a Goldsmith on Google maps this should help.