Assuming that the gold is 1/2K lower than it was marked, which is fairly common, you paid about 88% of spot, at a $1200 market. If you sell it to ARA for 98%, and all goes well, you profit about $21 less your shipping costs. I think I would try to pay less - maybe 60 or 70%. Did you test the gold?
I tested it all.I can afford to have my prices high because I can buy a larger volume than most of my competitors here in Windosr.Every 5 or 6 months I take a drive to a Refinery in Toronto.