eBay - a good place to buy gold?

Economics Economics Questions
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1

Anyone ever used eBay to buy gold (or any other high-priced item)? Assuming the seller has high feedback, is there any reason to think this wouldn’t be a trustworthy source?

The only reason I ask is because I am a little nervous transferring over $25k to a Web site I know nothing about, like many of the gold exchange sites I have been referred to. eBay (along with PayPal), on the other hand, has a worldwide reputation, and also has measures in place to ensure secure transactions.

Anybody think this is a good idea? Or would I be better off using other services?

(FYI, I am located in Louisiana, U.S.)

2

Buying Gold and Silver on Ebay is often easier than through a dedicated website, but the premium you pay will be huge. If you are purchasing large quantities, I don’t recommend ebay. The only time I use it is in small quantities, where shipping costs at alternative sites are prohibitive, as most ebay users have free shipping. Good luck!