Gold ingot is the easiest type of gold to sell, since it is already in the form in which it can be sold, there is no need to melt it. Since it's in an easy to use format, it also means that you'll get the highest possible value for gold. If you've been waiting for the right price for your gold bars, now is a good time to sell, as the price of gold has reached its highest levels for several years. Our main recommendation for selling gold bars or coins is Abe Mor, which offers the best customer experience and the best value for its bars.
Selling with a reputable online dealer like Abe Mor is the best way to get closer to market value and convert your gold bars into cash without any undue hassle. We have discussed many times why I believe that storing gold offshore is an important part of protecting your assets. Especially if you live in the United States, the United Kingdom, or many European countries, gold dealers not only sell and ship directly, but gold stores are also quite common. To find the value of your gold coins, simply find the current price of the type of currency you have and multiply by the amount you have.
If you know what you have and what it's worth, in addition to selling it to a reliable gold buyer, you'll go a long way in getting a fair price for your gold. The LBMA publishes a price guide twice a day, called the London Gold Fix, with which smaller gold dealers set prices on their gold products. If you accept the offer, you'll get paid within one business day, which is ideal if you need quick access to cash to buy your gold. Gold bars are popular with investors looking to store their wealth securely or trade against market fluctuations.
While these stores can quickly offer money for gold, they don't offer good prices, especially for investment gold, such as gold bars and coins, which should sell very close to market value. That's why you should always sell gold bars to a buyer who specializes in gold bars and coins, rather than to a retail store that probably won't offer the fair value of your bars. Gold bars mean high-purity gold (usually with a purity of 99.5% or higher), often in the form of minted gold ingots or coins. The gold ingot is essentially a general term for any massive quantity of gold that is bought and sold for investment purposes.
There may be a higher rate when selling gold or scrap jewelry, which must be melted and refined, but in the case of gold ingots, such as coins and ingots, the price offered should be quite close to the spot price. Like all good gold and silver traders, it allows you to recover all the gold and silver you keep in your vault, except for unallocated silver and grams of gold that are traded at low margins.