How to Sell Gold and Silver Bullion

How to Sell Gold and Silver Bullion

How do I sell gold and silver bullion? That is a question we’ve been receiving a bit lately. Here is a summary of one question from this week:

Q1: What are the best ways to know when to sell? i.e what’s the best exit stragey for a “mum and dad” novice invester, if precious metals do start to masively increase?

Q2: What are the best ways to sell silver/gold if they do rise a lot from here, especially in/from nz with us being so far away…is the answer eBay? Back to a supplier?

When to Sell Gold and Silver?

We’ve actually covered the first question previously in a couple of articles.

The below article looks at ways to measure when gold and silver might have reached full valuation by measuring them against other assets.

http://goldsurvivalguide.co.nz/when-will-you-know-its-time-to-sell-gold/

We’ll keep publishing these in the years ahead too. So when buying from us we’ll keep you informed as to how gold is tracking against these other measures anyway. This will help you know when a good time to sell  may be. Or rather we should say “spend” your gold on something else. 

Exit Strategies for When the Time Comes to Sell Gold and Silver

Trying to pick a dollar price to sell would be tough, as this will depend on how much fiat currency is created in the coming years. (It seems to us like there may be a whole lot more of it created yet if the central planners carry on as they have done). So a dollar price target today based upon say inflation adjusted past prices and the like could be quite different in a few years time.

We discuss 3 possible exit strategies in this article:

http://goldsurvivalguide.co.nz/exit-strategies-for-when-the-time-comes-to-sell-gold-and-silver/

How to Sell Your Gold & Silver Bullion

You can sell your gold/silver back via us to a refiner. See this page for more information:

http://goldsurvivalguide.co.nz/sell-gold-silver-bullion-bars-or-coins/

We’ve recently started publishing a “buy back” price in our daily price alert emails too. So you can track just what you’d get for your gold and silver if you sold on a given day. See below for more details on our Daily Price Alert service:

http://goldsurvivalguide.co.nz/dailypricesalert/

You could also try selling on Trademe where you would possibly get a higher price closer to spot or just above. But this also comes with the risk of dealing directly with another party. You also may not be able to sell on on a particular day at a particular price either.


Avoid any of the gold kiosks and pawn shops as these usually give a very low buy back price.Whereas selling back via us you can track the spot price and sell on any given day.

Why? Because they then sell it back to the refiners themselves. So they need to make a margin above the price they quote you to cover the cost of their hefty mall rents and still make a profit too.

Whereas we’ll connect you directly with a refiner instead. So you’ll get the best price possible.


    • Related Articles

    • Gold Confiscation | Could it happen in New Zealand

      We recently received a question from reader J.M… “I just wanted to know if you had any info on if the NZ Government has the ability to ‘confiscate’ investors gold & silver. I have read some articles about this happening in the USA in the thirties and ...
    • How do I go about selling gold or silver once I’ve bought it - it seems complicated?

      It’s actually a pretty simple process. An advantage of using our services is that all the suppliers we deal with will buy back the gold and silver they sell. The suppliers we use will buy it back from you. It will however always be for less than the ...
    • Can You Get Insurance on Gold and Silver Bullion in New Zealand?

      If you’ve bought or are thinking about buying gold and silver bullion, the question you should ask is where will you store it? The next question that often springs to mind is can I insure gold and silver bullion in New Zealand? The short answer to ...
    • Why Buy Gold?

      “Gold’s been going up a fair bit but surely it can’t go any higher?” That’s one of the common responses we get when we mention we are involved in selling gold and silver bullion. Unlike a number of years ago the average guy or girl in the street now ...
    • PAMP Suisse Gold / Silver vs Local NZ Gold / Silver: Which should I buy?

      From the first time buyer of gold or silver, a question we often get is “How do I choose between buying PAMP Suisse gold and silver bars versus local New Zealand refined gold and silver bars?” A short answer would be to say that the local NZ refined ...