Monday, November 12, 2012

Post office discount is no golden deal

....Are we comparing apples with oranges? Is the gold sold by the post office and banks superior to that sold by retailers and hence can it command a higher price? The post office and banks advertise their trust value, and the high-quality and purity of the gold retailed by them. They stress upon the tamper-proof packaging and assayer certificate. But retailers maintain that the gold sold by them is also of similar high quality, with similar safeguards. In fact, retailers say that since the post office and banks only sell and do not buy back gold coins, many of these coins eventually find their way to retail stores, which in turn sell them. So, how can the purity and quality of the coins be any less, they ask......

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