Gold Bullion

Selling Bullion with Tact!

Regardless of whatever people say, gold and silver are regarded as commodities that have intrinsic value and in most general circumstances are correlated with Fiat currency in a negative relationship.

This means that when the value of paper currency goes up (especially the dollar), the value of gold goes down, but this of course is not ‘always the case’, because there are ‘certain times’ when both increase in value and both decrease in value, but this happens rarely. Buying gold bullion is relatively easy due to the fact that when you are buying bullion, in normal situations you would compare market prices for the bullion and pay for the gold content in the bullion which is usually attached to a small premium.

The problem arises, when you decide to sell your bullion, because different dealers’ trend to offer different rates and how you work your way through the deal plays a critical role towards maximising your returns. Here is a brief guide pertaining to how you would be able to maximise revenue without losing too much to dealers. However, prior to moving on towards ‘wheeling and dealing’ your treasure trove, let’s look at what “bullion dealers” really are.

In essence, bullion dealers are basically individuals or firms that take on the role of retailing gold and silver products online or ‘brick and mortar’ such as your local coin shop, or those who hop, skip and jump around eBay, if they are involved in buying and selling bullion, then, they are bullion dealers. What is important before you head on out to buy or sell gold bullion (or silver bullion) you have to make sure that they are legitimate due to the fact that there some who are dubious and unethical.

Therefore conducting due diligence is of utmost importance if you intend to maximise on your sale and the only way to achieve this is to be an informed customer. First and foremost you have to know the market prices for gold bullion and this is available almost on any ‘gold related’ sites on the internet. Secondly you have to know the purity level of your bullion and calculate the net weight and worth of gold in it.

Thirdly, before you sell your bullion, it would be rather wise to check up on your bullion if it has other value attached to it, for instance P.A.M.P gold (which is also considered bullion) sometimes carry more value than their net gold weight because of either its rarity or its aesthetic value, either way, if your bullion has an attachment to these factors, then it is definite that they are worth more than their net gold weight, sometimes way much more. Always remember, that the bullion dealer can only make money if they conduct trades, and this situation normally gives sellers an added advantage provided that they are not in need of money urgently as desperateness often counter balances this advantage.

The most important thing is to make it seem to the bullion dealer that if you do not get a good price, you would either take your business elsewhere or you would sell when market rates are better, in most case scenarios, if you are able to project this, it is highly likely that you will walk away from the deal with a good strike!