How to Sell Gold Bullion Bars

Gold is considered a "world currency."

Gold represents a major asset class, along with stocks, bonds and real estate. Gold purchased for investment purposes is usually stored in bullion bars. When gold prices are sufficiently high and you need to increase your cash flow, you may decide to sell your gold bullion to a dealer. However, you should do it properly to maximize the money you get. As they say, a fool and his money are soon parted, so don't be a fool with your gold.

Instructions

1. Determine the fineness and weight of your gold. Bullion bars usually are 99.99 percent gold, of rectangular form and weigh anywhere from 1 gram to 400 ounces. The fineness of the gold is typically stamped on the bar. If you bought your gold bar from a legitimate source during the past couple of decades, you will have a certificate stating the weight and fineness of the gold, as well as the address of the company that refined it.

   If there is no fineness level stamped on the gold bar, you can go to a jewelery or gold shop and a professional will estimate the purity of your gold.

2. Shop around for the highest price you can get for your gold bullion bars. Basically, there are two types of gold dealers: online gold purchasers and the old-fashioned gold shops. You can inquire about the prices from as many dealers as you want. The price of gold changes all the time, so be certain that you get the highest price.

3. Sell your gold bullion bars to the highest bidder. If you are selling to a gold shop, take your passport with you to prove your identity. If you are selling to an online dealer, send your gold by courier mail. When sending gold, consult the mailing officer to choose the right package so it won't get damaged on the way.

References

• Only Gold: We Buy Gold Bars and Gold Ingots of All Sizes
• Cash for Gold USA