What does markup above spot mean?

Markup above spot is the quoted transaction value minus the intrinsic metal value calculated from spot price, product ounces, and quantity.

Why does the written estimate matter?

A written estimate ties the quoted product, quantity, spread, fixed fees, storage model, and expiration terms to one documented transaction before capital moves.

Dealer Spread and Markup Calculator

Compare a quoted product price against spot value. The calculation shows the dollar markup, markup percentage, and markup per ounce so the figure can be documented in writing.

Recalculating quoted spread...

FAQ

What does markup above spot mean?: Markup above spot is the quoted transaction value minus the intrinsic metal value calculated from spot price, product ounces, and quantity.
Why does the written estimate matter?: A written estimate ties the quoted product, quantity, spread, fixed fees, storage model, and expiration terms to one documented transaction before capital moves.