In a gold rush, sell the shovels.....

[dicker]

https://www.thesun.co.uk/money/7005342/bullion-by-post-rob-halliday-stein-gold-coins/

[SilverTanner]

'Extending the business into rare coins'

Oh no!? Premiums going to get even worse on old stuff.

[Goldhooked]

In the article it says "His offices, based in Birmingham, don’t hold the gold or silver bars, instead he works with vaults to deliver the products directly to customers".  Which basically means they are dropshippers.  They don't hold any of their own stock, they sell other peoples stock.  Or is it their stock, held in other peoples vaults?  Either way it probably explains why their premiums are generally higher.

 

[dicker]

Or perhaps they hold and despatch from

a vault?

Interesting article I thought!

[Goldhooked]

Just now, dicker said:

Or perhaps they hold and despatch from

a vault?

That's what I meant when I said "Or is it their stock, held in other peoples vaults".  It would still possibly explain why they are a little more expensive, as someone else would be performing the logistics for them which wouldn't be free.  But then again they would save money by smaller premises due to not having to store anything.  Who knows!

In any case, he's done well and respect for building it up himself from the ground up rather than it being handed on a plate.  Only wish I'd thought of it first 

[Martlet]

4 hours ago, Goldhooked said:

In the article it says "His offices, based in Birmingham, don’t hold the gold or silver bars, instead he works with vaults to deliver the products directly to customers".  Which basically means they are dropshippers.  They don't hold any of their own stock, they sell other peoples stock.  Or is it their stock, held in other peoples vaults?  Either way it probably explains why their premiums are generally higher.

 

I've noticed their pricing is quite keen, even lower than others for some products.