profit marginReader comment on: Weiner, Waxman Set Gold Hearing Submitted by A businessman in the real world (United States), Sep 17, 2010 01:46 You complain about the profit margin on gold sellers (which before expenses is more like 10%)lbut I don't see you complaining about ***mart who's goods are mostly on consignment and have a markup closer to 100% (which is a 50% profit margin). Or the mall stores who's markup is closer to 200%. That means if they give $5 they charge $20. Oh but then you have to take into consideration their cost of doing business. There is the rent and commercial property rents for at least 3-4 times per sq ft what residental would and if in a high traffic area more like 10 times as much. And their elevated insurance premiums, water and other utilities. Then if they can afford employees, their salary, healthcare, days off yada yada yada..... Yeah that MAYBE 5% they are making is just wrong! Shame on them. For the purpose of my comment I am talking about reputable bullion buyers and sellers not the ones like Cash for Scrap etc. A reputable dealer does have a profit margin but deserves to make a living just like you expect to be paid for your work. Note: Comments are moderated by the editor and are subject to editing. Submit a comment on this article Other reader comments on this item
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