Who can I sell raw gold to?

Where to Sell Raw Gold

• Local gold buyers. An online search for local gold dealers and gold buyers will turn up options close to where you live.
• Rock, gem and mineral trade shows. Search online for trade show dates and venues near you.
• Online auctions and marketplaces.
• Cash-for-gold businesses.
• Prospecting clubs.

How do I find gold buyers?

You can find gold buyers in person and online. Goldfellow.com and usgoldbuyers.com are two online gold buyers accredited by the Better Business Bureau. Good standing with the BBB indicates that a gold buyer is a legitimate company.

How can I sell my gold online?

You can sell gold online in India with the help of the MobiKwik app. The process is very easy and involves minimal steps. You just have to log on to the MobiKwik app with your registered mobile number, enter the amount of gold you want to sell and that’s it!

Can you make money buying and selling gold?

You Can Buy and Sell Gold Jewelry for Profit The price of gold is often in the news—sometimes it’s soaring, and other times it’s plummeting. The truth is that you can earn a living buying and selling gold, but I don’t mean buying from jewelry stores or selling on the stock market.

Who are the bullion banks?

Bullion banks are involved in activities including clearing, hedging, trading and vaulting of gold and precious metals. Global banks which engage in bullion banking include JPMorgan Chase & Co. and HSBC Holdings Plc, with most being members of the London Bullion Market Association.

How do you turn gold into cash?

You can sell physical gold (gold bars, coins, and jewellery) to a jewellery store or an accredited gold re-seller/re-cycler, retail websites or cashforgold shops. Always do thorough research related to gold trends and gold’s value before selling gold in India.

How do I start cash for gold business?

Start with the basics, inquire with multiple local and big jewellers, organize your bills (original copies are needed), analyze the gold trend, and then pick what you want to sell (jewellery, bars or coins).

Who are the big 8 bullion banks?

Bullion banks are involved in one activity or another in the precious metals markets….LBMA members include banks such as:

• Bank of Nova Scotia (BNS)
• UBS Switzerland AG.
• Citibank.
• JPMorgan Chase & Co.
• Morgan Stanley.
• Royal Bank of Canada (RBC)
• Merrill Lynch.
• Goldman Sachs.

Where can I Sell my raw gold?

If you can’t find someone to sell your gold to, try checking out the BLM (Bureau of Land Management) in your state. This agency is in charge of overseeing gold mining and prospecting, and they can probably give you a list of dealers and buyers in your state. Also, one relatively new development in selling raw gold is the internet.

Can I take my gold abroad?

There are some restrictions on taking gold or other precious metals abroad, but you are relatively clear to take your item (s) with you to whichever country you wish. Some countries do require gold and silver to be declared, however, for the sake of customs duties or other security measures.

How do I find a gold buyer?

An online search for local gold dealers and gold buyers will turn up options close to where you live. You may want to research a potential gold buyer to make sure it’s a legitimate and trustworthy business. If the buyer is a pawn shop business, shop around for other buyers to make sure you’re getting the best price for your raw gold.

Are gold flakes a good investment?

Gold flakes are found in a variety of places but it’s not a well-known investment vehicle, for good reason. Gold flakes are very small, and you need a lot of them to parley them into a significant amount. However, if you have gold flakes that you want to unload, you can sell them in a few different places.