As with any person in Australia, you might feel the brunt of inflation. Hence, the best way to hedge inflation is to earn money by getting cash for gold. But where can you take your gold items to be sold and how much can you get? Today, we will answer some of these questions regarding selling your gold jewellery.
The first question many ask gold buyers is how much they can earn when selling their gold. Well, the value of gold varies on a day-to-day basis. So, the best thing is to visit Melbourne’s gold buyers to assess your gold jewellery.
The dealer will off you a value based on the weight and karat of your gold. You will find that dealers have experienced staff to help determine the gold purity of the items when selling gold jewellery. They will use industry-standard equipment to help calculate the total value.
Still, if you roughly know your items’ weight and gold purity, you can work it out to get a close estimate using the pricing tables found on a gold buyer near me. You will find the prices updated live 24 hours a day for seven days a week.
The next question asked when you sell gold in Melbourne is how you will be paid. The fantastic thing when dealing with gold buyers is that the standard payment method is cash for gold. But if you provide your bank details, your money can be transferred to your account.
You can also receive a bank cheque, a business cheque on request, or an Australia Post Money Order. Still, it all depends on the dealer you use in Melbourne. Now, another crucial questions is if I live in Geelong and want to sell my gold in Melbourne must I visit the shop to receive the advertised rates?
The good news is no matter where you live, you will find a trustworthy gold buyer to visit them at their shop. So whether you found a dealer online and they have a physical address, we recommend paying one a visit. You need not make an appointment and can still receive the advertised price per the website.
Furthermore, it is highly recommended to visit a gold buyer in person than sending your gold by mail to be evaluated. You can find free parking at most of the gold dealers’ shops, so you need not worry that you will be walking around with your gold for too long.
Another fantastic thing is you can sell any colour of gold for cash to a gold buyer. The offer you receive is based on the carat value, not the gold colour. Then one of the biggest questions asked is if you have bought $2,000 for a necklace at a retail shop will you get more for it even if the gold price has gone up?
Sadly, the answer is no, as you purchased it from a retail shop at the retail price. Hence, the price you pay is not based only on the value of your gold jewellery. Instead, the retail store priced it on the design, staff wages, manufacturing and more to make a profit.
Hence, the price you paid for your gold jewellery is inflated over the actual gold value alone. But it does not mean you will not get a good buyback offer for your gold. So, the best is to head to a gold buyers store to have your gold jewellery, bullion, coins, and other precious metals evaluated.