[fbdab103]

It is a global market, why in the day of the internet, would someone cut you a 30% margin? There might be some hassle crossing international borders, but gold is not generally illegal where there is an outsized risk in moving it.

[mtnGoat]

The margins mentioned are about in line with most “gold buyers” that have store fronts. 70% of spot is a decent starting point for “salvage” gold.

If it’s in any form but rounds or bars, it’ll need to be melted down which has a cost. So it can be made into a form that can be resold closer to spot value.

The margin are actually even better if you melt them down. it’s really hard to buy physical gold at spot, single ounces/grams go for a few points higher.