Gold is the ultimate status symbol. It is shiny and everyone coverts this precious metals. Kings and commoners want some gold and they have been plundering and conquering nations.

Coveted by kings and common men alike gold is a universal currency in the world. You can convert your gold into cash faster than you can convert other assets. It’s a safety net you can rely on in times of economic hardship. There are hundreds if not thousands of gold buyers who buy and sell gold bullion 24 hours of every day. Like other transactions, you can only get the best price if you know and understand what you are selling, so it is important to educate yourself before you start something. 

The process of selling gold is relatively simple:

First, things first – decide when you want to sell. You could be a straightforward investor who is looking to invest in an asset for a certain period so you can sell when its value has risen significantly for you to get a good return for your investment. You may want something that is more liquid meaning that it can be easily converted to cash when you need it. 

You may also just be trying to raise more cash to take care of an emergency medical bill or college tuition. 

There is really never a universally prescribed good or good or bad time to sell your gold. To get an idea of where the price of gold is moving, you will have to follow the spot price and whilst you are at it, look at the factors that generally affect the price of gold. There are a lot of ‘experts’ and analysts who would like you to believe that they can read the markets.

You need to find gold buyers Australia with good reputation.  The internet has made it easy to do research on the buyers near you. It has always made it easier to find out about the buyer’s reputation because of the many reviews from past or current customers. The price you will get for your gold is, so is convenience. When you are facing financial stress and strain, you shouldn’t take the first offer any gold buyer gives. Gold buyers are running businesses and they would like to make the most money they can. If you skipped the step about education yourself, it will be hard to know when you are being lowballed or being offered the best price for your gold products. They are more likely to take advantage of the fact that you need cash now. So selling your gold should never be a spur-of the moment decision. Physical stores have high overhead costs than virtual stores or online stores.  Mail-in or online gold buyers have made the process more streamlined. It may take at least 24 hour for you to get paid once you’ve sent your gold via priority mail especially if you are looking at local gold buyers. However, if you use a reputable company with representation throughout Australia like FedEx or UPS.