Many people invest in precious metals, especially gold. So you can diversify your portfolio, protecting it from economic and inflation turmoil. Still, if you do have gold bars, there comes a time you want to sell them for cash. But the question remains on many gold investors’ minds: how easy it is to sell gold Melbourne to receive fast money. Well, the answer is, of course, yes.
There are several places you can sell your gold bars, and we will tell you about each one and provide you with the best place to sell gold. Why? You must be careful to choose the best gold buyer offering a max return on your investment.
The first commonplace to sell gold bars is the bank. The process is simple as you need to enquire at the nearest branch to find out if they buy gold bullion to take it to them. The majority of Australian banks purchase gold bullion.
But be warned, the regulations are strict, and there is more paperwork than in the past. For example, you will need to prove ownership and the origin of the gold bars to vet before buying back your gold. Furthermore, the waiting period before receiving money is long.
Next, jewellery shops are another place to consider selling gold in Melbourne. You can sell your gold bars or coins to the jewellers. Still, you will need to sell your gold back to the place you bought it from with a receipt to receive fast money.
But if you plan to sell gold bullion bought from another place, you need to shop around to compare prices to decide on the best buyer. Of course, receiving your money in cash or a check after selling the gold bars is beneficial.
The best is to gather all the details before you do decide to go this route. Then lastly, to sell gold in Melbourne, the easiest way is to a gold bullion dealer. Why? A gold buyer will give you quick cash by selling your gold directly through them.
It is the best option as gold buyer deals in precious metals, including gold coins, bars, and scrap jewellery. You will receive a fair price based on the market’s current value of gold or silver. The cost will depend on the weight and purity of the gold bar.
When you sell your gold to them, they handle the paperwork and pay you immediately in cash or, if you prefer, in your bank account. The process is straightforward and takes less time than banks and jewellery shops.
You can also sell gold to gold buyers in two methods online or visit them at a highly recommended shop. The reason it is best to visit the gold bullion dealer at the shop is that there are many gold selling scams at the moment online taking place. Therefore, when you stop over at a dealer, you know they are legit.
But, on the other hand, when you visit gold buyers at the shop, you can get a fast appraisal and offer to walk out with cash in hand. Therefore, as you can see, the most accessible place to sell your gold in Melbourne is at a gold buyers’ shop.
You can sell any type of gold, from bars, and jewellery, to coins and other precious metals. You can expect an offer at the current market price, giving you the best rates on the market.