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JohnQPublic
8th May 2010, 01:39 PM
On the way to Linbergh Field (MSP) I stopped in the Mall of the Americas. I noticed a shop called The Gold Guys. I asked what they pay for 18kt gold. They quoted $17 per gram (they quoted in pwt, but I asked for grams). Spot for gold content would be $29 per gram (of 18 kt). They are paying 58%. (spot is $1208 ozt).

They pay 90/100 for 24 kt or coins. The guy said for Canadian coins like Maples they would pay 95/100. They are probably kanuks.

They also advertise buying silver coins. They pay 9x face ($12.58 ozt.).

There were a few people in there. I walked by a few times and there were always 3-5 people.

Overhead must be high there,