Quote from: TommyBitcoin on August 26, 2016, 03:37:21 AM

I'm looking at the 10 Gram Gold Perth Bars for .7535 and I am thinking "is that right?" because that is around $434.00. On other sites, like http://www.jmbullion.com/10-gram-perth-mint-gold-bar/, it is listed for $448.62. Why is there such a difference in price? Thanks

Yes, the price is correct.

JMBullion is essentially my competition. They are a major bullion dealer that accepts Bitcoin. In order to get anyone to buy from me, I need to beat their prices. If I sell mine for $448.62 and they accept Bitcoin as well, I'd never have a sale.

That said, where JMBullion accepts Bitcoin at the same rate as cash/check, I can often trade BTC that I get from metal sales for fiat at a better rate. That way I'm able to offer bullion at under market rate, but still make something for my time. If you check everything I'm selling, its all well under market rates as I rely on the exchange rate whereas dealers rely on the premium over spot price to make their profit.