asked:
If you have bought gold as an investment, you may need to know where to sell gold bullion. More caution is required if you plan to sell gold bullion by mail than if, for example, you were sending in a gold chain. The amount of money is usually far greater for those who sell gold bullion, so one of the first things you need to look at is how much your shipment will be insured for. Many companies limit this to $100 (Silver and Gold Exchange insures your shipment for up to $5,000) which is seldom enough for anyone who is seeking to sell gold bullion.
You also need to make sure you are dealing with a reputable dealer. Unfortunately, there are many rip-off artists out there, so you need to check their record of complaints with the Better Business Bureau and the Federal Trade Commission. Many of these companies have literally hundreds of complaints. (Silver and Gold Exchange has never had one single complaint lodged against it, and is a Better Business Bureau Accredited Business.)
Next, evaluate the price each dealer is offering. Some post out-dated prices on their website, so it is best, especially if you are going to sell gold bullion, to check the price over a period of several days. If it never changes, you can be confident that this is not the price you will receive if you sell gold bullion to them. (Silver and Gold Exchange uses a “live” price board, which is continuously updated as long as the market is open.) You will find a wide range of prices, and if you are selling items you purchased for investment purposes, you naturally want to find the best price before you sell gold bullion to anyone. Even a cursory check with local sources will tell you that you can seldom obtain the best price locally when it is time to sell gold bullion.
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If you have bought gold as an investment, you may need to know where to sell gold bullion. More caution is required if you plan to sell gold bullion by mail than if, for example, you were sending in a gold chain. The amount of money is usually far greater for those who sell gold bullion, so one of the first things you need to look at is how much your shipment will be insured for. Many companies limit this to $100 (Silver and Gold Exchange insures your shipment for up to $5,000) which is seldom enough for anyone who is seeking to sell gold bullion.
You also need to make sure you are dealing with a reputable dealer. Unfortunately, there are many rip-off artists out there, so you need to check their record of complaints with the Better Business Bureau and the Federal Trade Commission. Many of these companies have literally hundreds of complaints. (Silver and Gold Exchange has never had one single complaint lodged against it, and is a Better Business Bureau Accredited Business.)
Next, evaluate the price each dealer is offering. Some post out-dated prices on their website, so it is best, especially if you are going to sell gold bullion, to check the price over a period of several days. If it never changes, you can be confident that this is not the price you will receive if you sell gold bullion to them. (Silver and Gold Exchange uses a “live” price board, which is continuously updated as long as the market is open.) You will find a wide range of prices, and if you are selling items you purchased for investment purposes, you naturally want to find the best price before you sell gold bullion to anyone. Even a cursory check with local sources will tell you that you can seldom obtain the best price locally when it is time to sell gold bullion.
Caffeinated Content – Members-Only Content for WordPress