Buying gold/silver bullion internationally
My understanding is that gold and silver have a set value at any given point, but I've been told that it's possible to buy it cheaper in other countries, specifically China.
I can believe this for things like gold jewelry or collectibles, or that the spread might be a bit lower, but I find it hard to believe that I could actually buy gold bullion for cheap in China (0/oz for example when it's currently 00 USD), have it mailed to the US, then sell it here immediately for a profit - if it was possible, everyone would do it, right?
Is pure (.999) gold or silver actually available in China for considerably less than the US rate? I don't know enough about global currencies to understand if this is possible.
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Is pure (.999) gold or silver actually available in China for considerably less than the US rate?
No. Whoever told you that is talking nonsense.
Why would someone sell it for less then the world market price? Either the purity is questionable, or it's a scam.
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