I bought my bullion from a local shop that fit the description I gave. They where .50 to 1 over/under on buy/sell. But I have not purchased any in a few years. But I am talking about silver, not gold, so there might be a different cost over spot. It would make sense if you were buying gold by the oz to have that spot markup, but if you were buying small amount, it would be bull shit to spend an additional $5 over spot for $50 of gold.
I guess it's going so much higher over spot right now because of how volatile the market is; everyone is trying to hedge their bets against hyperinflation (which was exactly my motivation to finally start buying). I ended up buying just a couple of 10 oz. bars from a local shop for about $4.25 over spot, as it was literally the cheapest I'd seen in weeks of looking on- or off-line. Their silver American Eagles were $11 over spot, btw (did not buy). I'll hold off buying more until things either get more stable and I can buy for closer to spot, or the inflation really kicks in and spot looks like it's going to climb through the roof.
Regardless, thanks for the advice!
My goodness, that's terrible. I live in a much smaller town, and I can't even sell my silver now. Well, I could, but the best offer I got was $8 an oz, and that was when it hit near 30.
If you want another saving idea, guns. If you live in a state that allows private sales of firearms, buying guns can be great savings. I know a fella that keeps his savings in weapons, when he needs cash, he sells a pistol or something, always at profit.
For short term, I would say crypto, if your even thinking about it, go open an account on an exchange(s) tonight. It takes upwards of a week for some of them to verify your identity. I'm several days in waiting for mine, and have already lost potential gains enough to piss me off. So get the accounts now, that way if you want to jump in at a moments notice, you're ready.
Good luck man, I'm no expert, so take it all with a grain.
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