"Rick, You are right selling back to a dealer you will sell at a discount. Ebay is a pain in the ass sometimes, but you can sell and make more than spot price. If the price doesn't move why would you sell anyway? You will also pay a less % over spot by buying 1oz. coins. The smaller the size the higher the %. One lesson I learned going through a divorce, having some gold stashed away, can help a guy get by for awhile."
It was a hypothetical question...whether it goes up or down isn't what I was concerned with. Honestly, I just like buying things, so buying a new gold coin seems like a better option than a new paintball gun or whatever I'm spending $ on this week. The part about the gold not moving was just to estimate value...I'll re-word it a bit.
If I put some money towards gold every month, then need all the $ I can get because I have a big purchase coming up, like a house, how do turn my gold into actual cash?
If I have $5000 in gold and need money for a down payment on a house, how to I turn my pile of gold that's worth $5000 into $5000?
Selling on ebay and things like that will take time as they might not sell, or people might flake out on payment...is there an easy way to turn gold into cash without getting fucked? I mean, if you buy it at market value and it increases by 10% over the next year, but when you sell it you lose 10% when you sell it to a dealer, you didn't gain anything...
what's the best way to sell it for market value?