Test whether a gold price gap can survive the real costs of moving from the cheaper market to the more expensive one. Model buying cost, FX, transport, insurance, taxes and selling costs before calling a spread an opportunity.
The result deliberately includes cost layers because a visible cross-market price gap is not automatically a tradable profit.
Gold markets may use different currencies, units, purity standards, settlement rules, taxes, import restrictions, transportation channels and dealer spreads. A theoretical price difference can therefore be consumed before a transaction is completed.
Compare the same purity basis, unit, product type and delivery conditions. A retail coin premium versus a wholesale spot quote is not a like-for-like arbitrage comparison.
It is the minimum sell price required to recover the purchase cost plus the modeled transaction costs.
Yes. That means the modeled costs exceed the gross price spread.
No. Legal and regulatory requirements must be evaluated separately.