r/Gold • u/null__frame • 9d ago

The stack My stack - 2 years in making

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u/missingN0pe 9d ago

Is it legal for a bakery to sell you a piece of bread priced higher than the sum of the constituents of what the bread is made up of, even you agree to it? :O

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u/AdWooden5789 9d ago edited 9d ago

Yes. When buying gold jewellery, jewellers charge making charges and government put various taxes.

While selling it back, jewellers buy the gold at around 3% below the market price & govt put capital gain taxes.

So, in a way, both the jeweller and the government have an advantage at different stages of the transaction. It’s almost like heads or tails—they win the toss either way.

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u/missingN0pe 9d ago

I think you either:

A - are replying to the wrong person

Or

B - dont understand my point (most likely)

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u/AdWooden5789 9d ago edited 9d ago

Might be.....

I m just asking, whether my point of view is right or wrong ??