One of the easiest ways to accumulate fast liquid cash is by selling gold. Gold, one of the most expensive metals known to mankind, has become a very important investment instrument due to its high realization cost. Moreover, good market projections have led people to invest heavily in it, in the form of coins, bullion or jewelry.
Why Gold Bullion?
There are several advantages of gold sale. Firstly, it is an excellent hedge, i.e., a protective fence from financial risks. In the form of coins or bullion, it can be instantly sold with an assurance of substantial profits. Rare supply of fresh gold, recession, and unstable economy of the world has led to the stupendous rise in its price in the bullion market. The basic valuation is based on the demand and supply analysis. The supply of fresh gold into the market is quite low, hence, the total graph of the price in the long run is always rising. Thus, selling it, be it coins, bullion, or even simply selling jewelry proves to be profitable. There are several numismatics agencies and companies that facilitate its sale and purchase.
How to Sell Gold Bullion
In the modern era, increasing market value of the yellow metal has led to the gradation and official recognition of some of its products. Since many people purchase it as an investment, numismatic and securities companies have made some standard coins and bars of it. In some cases, the government also recognizes and mints such bars and coins. Gold bullion instruments are widely traded in some European countries at all prominent or state banks. The 12 kg Good deliver bar is quite popular in Europe.
Owing to the small size and convenience, there are several bullion coins that are traded in some nations. Common examples include Krugerrand, Australian Gold Nugget, Austrian Philharmoniker, 100 Corona, Canadian Gold Maple Leaf, Chinese Gold Panda, French Coq d’Or, Mexican Gold 50 Peso, British Sovereign, and American Gold Eagle. These bars and coin bullion have a certain established and recognized market value, and are accepted by many banks. Hence, if you are going to invest in gold, then gold bullion in the form of bars and coins is recommended, as selling it is always easier due to the recognition that it receives. The liquidity is instant and assured. Common jewelry, pure but unrecognized, can be sold but with some difficulty, and apart from that, there are also several commissions and charges that are levied on the trade. It is recommended that, if you are selling gold bullion or jewelry for cash, then you do so when the price is at its peak, so as to reap maximum benefits.
If you plan to sell gold bullion, there are several avenues that you can use. Most banking and financial institutions can be used to encash it. A numismatics and securities company is also recommended. Conventional jewelers would also accept gold or jewels, but proof of purchase and origination, i.e., receipt would also be required.