Title: Almost ALL the gold Sold on eBay is FAKE!! Source:
[None] URL Source:https://www.youtube.com/watch?v=s2SJdUW-Km0 Published:Apr 14, 2016 Author:Frank Odeh Post Date:2017-11-02 06:15:34 by BTP Holdings Keywords:None Views:1091 Comments:5
I don't doubt that most gold sold on eBay is fake. No one can afford to sell common gold coins, rounds, and bars on eBay because of the extremely high 10% selling fees plus the about 3% PayPal fees. That premium if far more (more than double) than a seller pays to sell to APMEX and others. And, buyers on eBay will not pay more than they price on APMEX and other gold dealers. The difference between buy and sell price on APMEX and other competitive dealers is about 5%. No intelligent person will pay an extra 8% to sell on eBay, when unlike APMEX, a buyer is not even guaranteed.
Of course, is they are selling fake gold, the selling fees don't much matter since it's almost all profit. Also, they know they cannot sell fake gold to APMEX and other gold dealers.