Old-timers will tell you that one of the best things you could have done when things were hunky dory was to buy gold and silver. There were certain times throughout history when investing a little gold or silver would have paid rich dividends. For instance, in the 1980’s, oil prices were high, the dollar was fragile and there was the cloud of war hovering over the Middle East. During this time, gold prices shot up, if you were holding gold from the 1970’s you would have made a fortune. Something similar seems to be happening now. Gold prices have scaled an all-time high, due to which institutions are buying gold like there is no tomorrow. All this activity is pushing up gold prices creating an incredible opportunity for those who have gold to sell.
Gold coins and bullion bars are much in demand all over the world. There are several kinds of gold coins. Rare, antique coins fetch more money over the intrinsic value of gold. Newly minted coins that are not in circulation also fetch a premium but you may not get this back premium back when it comes time to sell bullion. However, to get maximum money for freshly minted coins you have to try find an end user to buy it from you rather than a dealer.
When you go to sell bullion, the rate you get for bullion is higher than scrap gold. Gold coins and bullion bars can be sold closer to the spot price because there is a guarantee on the quality. Recognisable refineries such as ABC’s guaranteed hallmark make it easier to sell anywhere in the world especially in Australia. The same bullion bar made by a local small refiner may be bought at a discount overseas.
If you are selling precious metals such as platinum, gold or silver as an investment it is important to sell it as bullion rather than in any other form or as scrap. When you sell bullion Brisbane, you get true value for money as its closer to the spot price. All Gold Bullion and Silver must be assayed by the refiner who makes it before being sold on the market. They are made from either pure gold or silver and have been examined by qualified experts to verify the fact that they are at minimum 99.6% purity rather than mixed with other metals. There is no way that a reputable dealer is going to sell their product under this purity. In fact, most reputable dealers will only sell their gold or silver bullion at 99.99% purity.
Now is a good time to sell bullion coins and bullion bars because the rate of gold has shot up. Even though the price is high, it is still important that you sell to a reputable dealer, who has the resources to pay you immediately. Gold prices are changing by the minute and your objective is to capitalize on the high prices.
Also, before you use the services of a gold dealer, compare them with other dealers. Ideally, you could try contacting multiple gold dealers before you settle for one dealer. It’s true that gold dealers price depend on the hallmark to value gold. However, if you advise you hold ABC there won’t be significant differences in rate offered by different dealers other than their margin.
