Online Metal Trading Guide A guide about trading precious metals online plus tips & tricks

How To Sell Gold Bullion Online

The gold bullion is one of the oldest forms of currency. The bullion is a refined and stamped weight of precious metal. There are more types of gold bullions. The most common are the gold bars or coins. Many people can hardly make a difference between the collectible gold coins and gold coin bullions which basically are round bits of gold, stamped with their weight ad purity (karats) and they value is based on the gold content and weigh.

While the gold coin bullions are made of pure gold, the gold coins can contain other metals and hardening agents. This is why gold bullions are easier to sell. They don’t need an evolution since them already have a weight and karat stamp so all you only have to know is the current spot gold price which is set for 24 karat pure gold.

The last thing you have to do is to find a buyer. Now if you have a gold bar it is better if you sell it to a local gold dealer because this way you won’t have to pay the shipping costs. However if the local dealer wont pay you close to the full spot price you can try and contact one of the many online gold companies and refiners. Selling directly to a refiner can be better because this way you won’t have to deal with the middleman who usually won’t pay the full price. Refiners will buy it immediately because of the high industrial demand. When you are selling to an online gold company make sure they offer an insurance, this is crucial! Make sure you are dealing with a reputable company who is in the online gold business since at least 2-3 years. The best way to find out who are you dealing with is to read reviews.

Gold coin bullions are a nice form of investing in gold because of their smaller size. The coins are the perfect way to invest in smaller amounts of physical gold. They are very easy to sell because they only have gold content value. This is stamped on the bullions along with the size and weigh. It won’t be hard to find an online buyer, just make sure it’s reputable.  What not many people know is that some online gold buying companies are refiners who can pay you really close to the current full spot price of gold. To make sure you get the highest price shop around and see which of them are willing to offer more.