How to Sell Gold Bouillons
Even in an economic downturn, gold prices will likely continue to rise in price and value. Gold rarely depreciates. Wise and savvy investors will purchase gold, and those who need money will sell their gold bullions for a profit. Gold bullions are not just the big gold bars or bricks seen in the movies. Gold bullion, properly defined, is a refined and stamped weight of gold, which many gold authorities say includes coins.
Other People Are Reading
Instructions
-
-
1
Check gold bullion prices, and know what your gold is worth. The prices fluctuate daily and are dependent on the going daily market rate, which is based on supply and demand. Many websites, such as thebulliondesk.com, publish the going prices for gold bullion, with up-to-the minute updates. Before selling gold bullion, always make sure you are getting a competitive price.
-
2
Sell your gold bullion in person at a shop that buys gold. Common chain shops include We Buy Gold and Gold Buyers of America. If these are not available in your area, go to a jewelry or precious metal store. More often than not, you can take your gold into the shop and receive cash for your gold bullion.
-
-
3
Sell your gold bullion online. Be sure the website is reputable. Some reputable websites include sellgold.com and goldpawnshop.com. Most reputable websites will send you a package with pre-paid postage. Once they receive your gold, they will issue your payment directly into your bank account or via a check or money order.
-
4
Sell your gold bullion through an auction site such as Ebay.com. Because you are selling it yourself, you may get a higher price than through a dealer or another website. When shipping gold bullion, purchase insurance and delivery confirmation. Never ship the gold before you have received payment for it.
-
1
Tips & Warnings
If you are selling gold online, be sure the company is reputable. Beware of scam websites that will take your gold and leave you with no money. Warning flags of a disreputable website include an owner or domain registration outside of the United States. You can find this information on whois.net. Another warning sign is a website that has been very recently registered.
References
Resources
- Photo Credit golden economy image by Alex Fish from Fotolia.com
