What Your Gold Dealer Might NOT Be Telling You

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What might your gold dealer NOT be telling you when buying back your bullion? In this episode of our "How To Invest In Gold" series, Michael Michael shares some "industry secrets". This video is perfect for beginners. Questions? Visit www.bullionnow... to find our contact details, we'd be more than happy to help you.
Throughout our How To Invest In Gold series, will be answering the most frequently asked questions on how to invest in gold and silver, plus the other precious metals too.
Need to buy gold or silver in Melbourne, Australia? Come see Bullion Now for all your gold and silver bar and coin needs, now located right in the heart of the city! Need something a bit more special? Little Coin Shop has you covered with the best collection of collector's items!
And if you need to sell gold, silver or other precious metals... we pay 100% of spot price. To our knowledge, that's the best in the business.
Bullion Now & Little Coin Shop
Suite 605, Level 6
227 Collins St
Melbourne
#BullionNow #Gold #Melbourne

Опубликовано:

15 окт 2024

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Комментарии : 118

@paulie9771 Год назад

Just started following you guys and I love the content. Keep up the good work, thanks. Paulie from Sydney.

@theobradley5926 3 года назад

Big thumbs up from me guys, really love the look of those kilo bars!

@BullionNow 3 года назад

Thanks Theo!

@whatastud1000 3 года назад

Paying spot price is very reasonable. Kudos lads! Nice to see some honourable metals dealers.

@BullionNow 3 года назад

Thanks 👍

@kacangkacang7741 3 года назад

@@BullionNow gold is a deepstate creation serves no purpose and is abundant, as recently as mid 19 century China dynasty only wanted Silver as payment Not Gold 😉💖

@SilverAudiophile 3 года назад

@@kacangkacang7741 Gold has been money for 5,000 years. Deep state didn't exist back then, neither can the deep state create physical gold. Alchemists tried and failed for centuries. Ancient soldiers accepted Gold as payment for risking life and limb.

@TheMidnightGardener13 3 года назад

That’s great info and explanation. Love it! Thank you for sharing, and yet another reason why Bullion Now is my favourite and why I recommend/introduce everyone I speak to about bullion to you guys! Cheers! 🍻

@BullionNow 3 года назад

Cheers!

@andrewbest4608 3 года назад

Good video, solid advice. Do your research. Seek advice. Choose a dealer. Build a good relationship. Keep up the good work Bullion Now. Great company 👍😎

@BullionNow 3 года назад

😊👍

@willygerrard3174 3 года назад

Border Gold in BC , Canada pays well over spot on buy backs.

@stormforge68 3 года назад

BGC is my go to local dealer when I buy PM. The drive into Surrey tho is starting to be a bit much. Wished their shipping fees were lower.

@BullionNow 3 года назад

Awesome!

@BullionNow 3 года назад

@JurassicBlueberries 3 года назад

You guys crack me up, I love watching your comedic, bullion videos, thanks for being real.

@BullionNow 3 года назад

Thanks for watching and it's our pleasure!

@krisporjazoski6709 3 года назад

Everyone has to make money, these guys go about it the right way.

@BullionNow 3 года назад

Appreciate the kind words!

@silvrsentinel7671 3 года назад

You guys have been great, valuable info

@BullionNow 3 года назад

Our pleasure!

@SilverTreasures 3 года назад

I also sold 150 silver 1oz generic rounds and he paid me $33.50 per ounce.

@BullionNow 3 года назад

Great stuff!

@chibambamulenga298 2 года назад

we're do u sale?

@jasoniachini7014 3 года назад

You guys are like the Jim Cramer of precious metal dealers. You entertain, educate and teach. Thanks very informative

@BullionNow 3 года назад

Hahaha compliment or? Just kidding. Thank you :)

@kmustacal 3 года назад

@@BullionNow It’s definitely a compliment. Jim Cramer is funny and friendly like you guys, and he also sets out to help the ‘little guy’

@pawpatrolnews 3 года назад

If you were planing on buying 1 kilo worth of gold (all at one time), would you recommend buying a 1 kilo bar or ten 100 gram bars?

@BullionNow 3 года назад

For liquidity purposes, we'd say go with 100g bars. Large enough that the premium isn't huge, but small enough to sell a bit at a time if you ever need quick cash. Plus we pay 100% of spot for 100g bars.

@pawpatrolnews 3 года назад

@@BullionNow 👍

@Giovanibgallo 3 года назад

that is why you should do what you love. well done to the whole team of bullion now.

@BullionNow 3 года назад

We do love it! Thanks mate :)

@abinjoshy7155 2 года назад

Do you have bulk in stock?

@NickFilipovic 3 года назад

My coin shop pays CA$3 over spot for 1oz silver rounds and CA$20 over spot for 1oz golds

@BullionNow 3 года назад

Thats great! Seems like we have a more localised issue of no dealer paying spot (or over) except us! Although... this could be a difference between small coin shops and larger bullion dealers.

@itsonlyafl3shwound 3 года назад

dam that stack is gorgeous! why do people always buy at the tops and sell at the lows!!!! golds just starting to move up again!

@kingtolba1487 3 года назад

I have a very important question. After gold achieves the goals of the double bottom pattern, which is reaching the point 1962 what will happen next? Will gold continue to rise or will it return to the bottom again? Please advise . I was stuck at price 1908 $ I was Buy physical gold. Answer me please.

@betod3113 3 года назад

Dalm beautiful gold bars dalm wish I had a mini bar but to experience good video 😁🥇🥈

@BullionNow 3 года назад

Thanks 👍

@SilverTreasures 3 года назад

I didn’t bring any silver eagles to sell but he said he’d pay $37.50 for random dates and $38.50 for 2021’s. I live in Michigan.

@BullionNow 3 года назад

Premium for eagles are huge right now. Thats great to hear that some U.S dealers will pay more!

@goldengun9970 3 года назад

I wrote to you guys on your chat today asking what buy back gold you have. Ben didn't mention the 1 kilo gold bars... can't buy that much at once anyway but I would enjoy holding it in store

@BullionNow 3 года назад

We sold them all.

@marcusmartinez5454 3 года назад

My LCS buys generic silver bars/rounds back at 1.50 per/ozt OVER spot at the moment and spot for all gold items.

@BullionNow 3 года назад

Thats really good!

@mark21034 3 года назад

get your resipo out again lol if not im more than happy to charge you a cutting cost? 4off 200gram bars from 1kg sounds ok?

@BullionNow 3 года назад

😂😂😂😂😂😂😂😂😂

@goldandsilverstack3 3 года назад

I wish I could just take a walk and come on in to do transactions and meet you guys. One day I'll set foot in Australia, one day. Cheers mate.

@BullionNow 3 года назад

You're welcome anytime you like! BBQ'd shrimps are on us...

@wombat1184 3 года назад

Just wondering what your view is on U.S. gold backs?

@SilverTreasures 3 года назад

I sold a 1oz krugerrand to my dealer today and he paid me 11% over spot.

@BullionNow 3 года назад

Amazing!

@devanishant 3 года назад

Coins higher premium than bullion bars.

@SilverTreasures 3 года назад

@@devanishant yeah but 11% on a one ounce gold coin? A 1/10th ounce I can understand. But when my guy told me that he would pay 11% on any 1oz gold coins I knew he had to be struggling with supply. So I brought him 150 oz of generic silver rounds and a few gold krugerrands. The relationship I have with my bullion dealer goes back years.

@devanishant 3 года назад

@@SilverTreasures Maybe you're his girlfriend or something. He isn't paying anybody else 11% over spot. Apmex sells the same coin for 4 to 5% over spot.

@SilverTreasures 3 года назад

@@devanishant no, I’m a man. He says demand is high and delivery for products is weeks out. People around here (bullion dealers and the customers) both have been paying stupid premiums since February. For both gold and silver. Nobody cares how much it costs. They just want the metal.

@sticustom 3 года назад

So does this only apply to gold or to other metals? Eg if I bought your 1000 Oz silver bar would you buy back at 100% of spot and it this another reason to have fractional metals in your portfolio?

@robertoh.20 3 года назад

they already have a video on it, there are limits, 5 oz size in gold is the limit for 100% spot, and 15kg of silver for spot price.

@sticustom 3 года назад

@@robertoh.20 I’ve watched that many videos from Bullion Now I can’t remember half of it. Thanks for that.

@BullionNow 3 года назад

The size thing does apply to other metals too. Anything higher than and including 5kg silver bars will be at a % below spot. It's good idea to get smaller sizes than that to be able to get 100% spot.

@sticustom 3 года назад

@@BullionNow thank you for the reply.

@nafismridha997 Год назад

But its still gold u can sell it to a mint or melt it whole and then pour it into little bars. U dont have to always hold onto it

@sandyyazier28 3 года назад

I hope u provide a proper mic for the speaker to avoid echoey sounds

@BullionNow 3 года назад

We have a Rode external camera mic, so not much more we can do other than getting lapel mics. But we're looking into that too.

@stratcaptain66 3 года назад

That’s why nobody wants to sell to “dealers”, me included. My recommendation, sell privately or within a network of buyers. Feel free to “poach” contacts right on the floor of your LCS.

@benedictox9085 3 года назад

Does this hold true with silver as well with 1 kilo bars?

@BullionNow 3 года назад

Silver larger than and including 5kg size will be under spot. Smaller than that, at spot.

@MG-ul4kc 3 года назад

My LCS will give me a 1.00 over spot for silver. I'm in the USA

@BullionNow 3 года назад

Thats awesome! For any size?

@MG-ul4kc 3 года назад

@@BullionNow 1 oz rounds, I didn't ask about larger amounts. We have dealt with him for many years. He does not have a lot of silver available and only had a 1/10 oz gold. He is mostly selling numismatic coins, a small dealer.

@savagestacker 3 года назад

What I’ve always thought was funny is some dealers buy from venders and they have to pay there venders price but if it’s someone private they always get a lower price . I know we all have to make money . But premiums are high for everyone right now even for dealers . I have a very good relationship with my bullion dealer I like to bring him coffee or lunch when I can . And I’m very loyal to him Very fare . 100% of spot is fare

@BullionNow 3 года назад

Bringing lunch is a GREAT idea haha. Meatlovers pizza please.

@haroldmclean3755 3 года назад

👍 There is nothing as Beautiful as Gold

@BullionNow 3 года назад

Your wife disagrees 😂

@haroldmclean3755 3 года назад

@@BullionNow lol👍😀👍 " Gold never Complains "

@kevin10144 3 года назад

few lcs around me paying 2$ above spot for silver currently

@BullionNow 3 года назад

Thats really good. Assuming you're US based?

@suronsoon8913 3 года назад

Glove, glove, Michael, hahaha

@BullionNow 3 года назад

🤣🤣🤣🤣🤣🤣🤣🤣🤣

@qualitygameplay5670 3 года назад

buying for spot isnt a good deal for sellers when premiums r giga high.

@BullionNow 3 года назад

When we pay the highest price in Australia, so its a good deal for sellers in our country.

@qualitygameplay5670 3 года назад

@@BullionNow best of a bunch of clowns. everyone knows silver is more than spot thats why everyone sells it higher

@OkieSilverDude 3 года назад

plenty u.s. dealers have been paying spot + for eagles

@BullionNow 3 года назад

Seems it's very much an Australian thing then!

@petergracemeguide1280 3 года назад

Thanks guys after the clown I drove 130km one way to see yesterday, and this dodgy local dealer who said he pays spot then on arrival said less 5% and 11%gst in taxes. then no gloves and admitted that he was just going to melt the coins down. I feel this was for me. Can't fault your service thanks guys oh that DODGY dealer is in Berri riverland STH Australia can't let him try to burn others

@BullionNow 3 года назад

We're very sorry to hear of that experience Peter.

@taffysdonothingclub3506 3 года назад

cheers mate

@rphb5870 3 года назад

Even if I won the national lottery I don't think I would buy any kilogram bullion bars, as the 1oz coins are just so much more liquid, not that I would do the mistake of Peter Griffen and dive into a big pool of gold coins as if I were Scrooge McDuck because they are not literally liquid.

@BullionNow 3 года назад

We think this wins comment of the month!

@sesarssauce8698 3 года назад

Nice.... Looks like someone is buying a new home

@rionkoral8273 3 года назад

Jo the pofessional , Michael camera man 🚍

@BullionNow 3 года назад

Other way around. Joe is the one behind the camera... and certainly not a professional! haha

@mostndokk1880 3 года назад

best in the world, no doubt

@BullionNow 3 года назад

Thanks mate!

@kris8742 3 года назад

Any left ?

@archiepilcher6727 3 года назад

Those kilo bars sure did move fast 😳

@BullionNow 3 года назад

Yep! Hence we could buy back at a better rate and the buyer got a better rate too.

@pof1991 3 года назад

Crazy hall a million for a bit of metal worlds gone mad

@maxb.244 2 года назад

Also gold dealers won't tell you (they don't know this of course anyway, most likely) is that when countries were on the gold standard those countries were following Protestant economics. When they go off the gold standard and establish a central bank instead they are forsaking God and following the Jesuit order. Just something worth noting and to think about... Sincerely, a Protestant reformer.

@m-eli2774 3 года назад

U are the best bullion dealer in the world All the best guys

@BullionNow 3 года назад

Awwww shucks... Thanks!

@ЮрийПреловский-о6ы 3 года назад

Vladimir Putin в течении 20 years копит gold bullion. Сейчас золотой запас Russia = 2296 tons gold. USA - 8100 tons, China - 1800 tons. Считаю, что наш президент поступает правильно накапливая золото.

@markbainbridge5654 3 года назад

Vladimir Putin has been accumulating gold bullion for 20 years. Now the gold reserves of Russia = 2296 tons gold. USA - 8100 tons, China - 1800 tons. I believe that our president is doing the right thing by accumulating gold.

@ЮрийПреловский-о6ы 3 года назад

@@markbainbridge5654 Спасибо за перевод.