Mark-up on coins should be 2%, not 30-40%.
Dennis Gartman on CNBC's Fast Money Monday.
"I think you've got the public piling into gold, which happens, and we have to be careful because when the public comes into something, the pros tend to think, 'Well, that's the end of the move.' And the last time we saw gold coin sales of this consequence was actually in 2008, and gold moved from $900 an ounce, almost relentlessly, to $1,700 an ounce."
"I will counsel people to be careful when buying gold coins because the markup on gold coins can be preposterous, stupid, egregious, silly. The last time this happened, gold took off on the upside. It didn't top out."