How To Sell Gold & Silver for SPOT PRICE! 

Thanks 😁😁

Thanks David!

We can't buy those back as they are not investment grade bullion, but we could pass you onto the best people for that.

@@BullionNow Please let me know on who you suggest, thank you.

Thanks :)

Wow, thank you Ant... very nice of you to say!

website is down

Aim for known %. .999, 90% Try to make bars and stamp them with actual %. And your make. You can sell that for spot and maybe even as a unique african collectible

only if it's spot on

We certainly will be. Our business model doesn't rely on price so it can crash or go to the moon and we should be ok

@@BullionNow outstanding ;)

Thanks Jaxon! :)

Bad choice of words, thats all :)

Our pleasure!

Are you in Australia or somewhere else around the world?

Absolutely! You send it to us, we test it and then pay you. We can pay in USD straight to your bank account. Email sales@bullionnow.com.au with what you have.

:) Thanks

G'day Chris, At the moment we're doing them for spot.

As far as we're aware, you can ship as much as you like. Always help to label your packages as "Engineering samples" or "metal discs".

Ball bearings is a good one to label it as.

@@seahawks1185 not unless the silver are spheres, when they x ray the parcel they're not gonna believe coins or bars are "ball bearings"

You're welcome! Good question as to what they do with the gold. Our guess is most would sell it. Not a great idea in our opinion!

Yes.

Per customer, per day. You can come in every business day and sell 10oz and get spot.

@@BullionNow With or without ID.

We anticipate offering the full range of debit and credit card options as well as EFT. We are exploring the afterpay option. It is certainly possible for the higher premium items but the margins are very slim on the lower premium stuff so not sure about that.

Why thank you!

Haha, I think you would certainly have a few followers home!

So young and full of dreams.

Excellent! Hope to see you in the store soon! Level 6!

Absolutely! We recently bought 550oz of various silver from someone in the USA. They sent it to us, we tested it and then paid them spot price.

One of our goals is to try and get more dealers to pay more for buybacks. Glad to hear it's starting to work.

AWESOME Alex! Give us a call any time to shoot the breeze about bullion :)

Thanks :)

Great deal! Go for it.

I wouldn’t sell an ounce in this market. It’s going nowhere but up

There needs to be an objective standard by which everyone bases their prices on. If we all bought and sold at spot price, no one would make any money.

@@BullionNow I suppose the bottom line is - Like anything - it's only worth what someone else is willing to pay - no matter what it is.

A common misnomer is that dealers buy from Mints at spot and the premium above is our profit. I wish!! What really happens is that the spot price is the world market price that the miners base their sales on (depending on the quality of their ore) to the refineries. The refineries then (having paid spot-ish) refine the raw product and make it into bars. They add their costs plus a small profit margin to the spot price they paid the miners and that becomes the wholesale price. We as dealers then pay the new wholesale price (spot plus the refiner's premium) and put our costs on plus a small profit. This then becomes the retail price. That is why we have a spot price and why there is a difference between spot and what we all pay. Expecting to pay spot is a little like saying oil is $40 per barrel - why aren't I able to pay $40 per barrel for my petrol at the pump. Well it has to be refined and delivered to you. Or steak is $20/kg in the supermarket why am I paying $40 for a 400g steak at the restaurant.

Depends on when and what. If you wanted to sell us a ton of silver today - I'd buy it quite happily.

Absolutely mate, we'll buy those. Start the process by emailing sales@bullionnow.com.au

Ok will do thanks for the quick response!

Spot, inclusive of GST if you are in Australia.

Yes! Contact sales@bullionnow.com.au to enquire further.

I'm sure there are plenty of good honest dealers a bit closer to you.

@@speckledjim_ i wrote -i will consider. there is and they are honest, but i also wrote selling. not everyone buys at spot price

Thats in the U.K and BBP can claim the VAT back. In Australia, there is no goods and services tax on bullion.

Cool ull here from me soon it's a 50gram and an ounce sharps pixley gold bars unopened and undamaged and the rest is In sovereign s

Well, you can always send it out to us and we'll pay you spot direct into your UK account.

Hi Mia, we do not accept scrap and jewelry at this time sorry.

Australia is awesome. Not so much in Victoria right now with the lockdown, but when we open back up you gotta visit Melbourne. Best city in the world.

@@BullionNow ... I’d love to but I keep getting fleeced on my gold sales so can’t afford the flight lol