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Story summary
- Price fluctuations mean investors lose value when selling gold, with current prices just under $4,800 per ounce.
- Selling costs cut into returns, including dealer spreads, premiums, and taxes.
- Dealers bid below the spot price, so selling yields losses from both the premium paid and the bid-ask gap.
- Timing matters; selling after a price drop can worsen losses, so investors should plan sales to protect gains.
