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Even greater contraction.
Are right switching gears here it concern over the US fiscal cliff has you looking for a way to invest in gold there is one place he might have overlooked and that.
Gold dealer at -- teamed up with the online retailer to give consumers an easy way to purchase gold bullion the company's CEO Michael Haynes joins me now with more and some rich souvenir here we don't turn out like -- behind reality -- talk about how much money is actually.
Letters just gold and silver -- right here just on the table right here is probably about 5060000 dollars -- only not only on change -- -- -- it's your annual bonus and how that's real.
And -- heading this is made.
For example this one right here is made by the United States -- so your government is actually making coins so that you can own the bullion.
In your own personal investment portfolio silicon investor goes to eBay to purchase this how is it guarantees well in the at next bullion center on he -- There's a collaboration between course bullion -- multimillion dollar eBay and at next to bring bullion so that everyone can have access to it.
This research that we have shows that about 50%.
Of the American population -- interest in owning.
Physical gold and silver but they have no way to do it so what we're doing here with that -- -- -- -- on keybank.
Is making it available at eBay dot com slash chat -- easily.
I'm just gonna take issue with the fact that there's no way to do -- be Kaiser.
Just a little -- a resurgent and there are a lot of reputable dealers out there there's -- -- of -- for exam absolutely.
And you can pay with a credit cards so you can absorb that information so that's an alternative for investors so that's -- how does this make it easier well why do you pay for it that's blitzer PayPal -- -- -- a way that we're doing it right now is that.
Between eBay and at -- Is that you get on -- you don't keybank.
And you get the buyer protection plan at eBay which is -- of course only available on eBay and much better than anything else -- out there.
And by virtue of using the eBay platform.
Well one that up over a hundred million people are accustomed to using we can bring that product right to you that any day 24/7 three -- -- the fiftieth.
It shipped usually by insured male or -- the armored car pull up your front door now an -- one of those.
Less obvious brown trucks are white trucks OK and they -- right to your front door so how does this work for at next how do you profit do you get a fee for the transaction.
Or some other you know how does this benefit you're welcome the eBay is is a platform -- of course and what we've done with him as we've arranged so that.
-- -- actually selling the product and we're using their platform so they.
They get a small piece of the commission involved so that the price you pay on eBay just like you would for anything else includes all the all all of everything.
Delivered to your domestic hand eBay I'm reading at a time is at the spot -- -- trading -- -- Hundred dollar -- is that what you pay for it on eBay -- the customer well be that -- everything's based off of that.
These points for example direct from the United States meant to authorize purchasers -- about a 3% premium to cover the manufacturing -- -- -- the gold into the point.
So yes you get a fair market price.
The spot prices -- -- our published on.
The EE may center the admits glancing around you base you can see exactly what those spot prices are that these prices are based on and you can -- and even at a quarter -- announce at a time if you so choose -- there's over 200 different products available.
Get the at makes millions and -- on eBay.
So all those people out there this -- I need a place to go yet this is a place you can -- it's it's fascinating because gold bullion and silver sales are are the prices so much more appreciating.
Vs like the gold funds and this is really what people are doing with all of these -- -- what got to leave it there Mike I -- opera but.
They try to get information excellent to you at next thank you.
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