As the price of gold keeps soaring people are finally taken with the idea of buying and selling gold. Those with gold stored somewhere are rushing to cash in on their gold. Selling bullion is risky but it doesnt have to be risky selling to a bullion dealer Brisbane.  The price of gold has hit record prices above $1,650 and with fear and uncertainty in world markets and the threat of the Corona virus crippling the global economy the price is expected to go even higher. Pretty soon, factors like demand outstripping supply will affect this precious metal as investors rush to hedge against financial disasters. This means anyone with gold to sell will get a pretty good deal when they sell to a gold dealer.

This rise in prices and changing markets also mean that there will be a lot of so-called dealers coming out of the woodwork to take advantage of the situation. You might have noticed that there is a rise of businesses that offer to buy gold. Thee days there are a lot of choices, making the right decision can be tricky because everyone claims that they can give you the best price for your gold.

Gold bullion owners need to be extra careful, not every gold buyer will have the expertise to deal with bullion. Gold and bullion aren’t the same. When we refer to gold we are talking about everything that has a quality of 10-k, 14-k or 18-K, bullion on the other hand is made from the finest gold with a purity of 99.9%.

There is a lot of competition amongst brick and mortar buyers. Some have been around for years and have cultivated a certain reputation. Other are adopting newer, more novel ways of doing business in an attempt to distinguish themselves from the rest of the pack. Even the online gold buyers are finding ways to attract gold buyers and sellers. For instance, eBay created a new feature on its site called The Bullion Center. This feature is primarily created to be a one-stop place for anyone wanting to trade in gold bullion.

Having established that when you have bullion to sell it is best to sell it to a bullion dealer Brisbane then the next step is to find as many gold bullion dealers as you can find. Get multiple quotations and see what the best price for your bullion is likely to be.

Be cautious of temporary dealers who set up kiosks in shopping malls and hotel lobbies. They come into town promising all kinds of things and when they have collected all that they can they blow out of town, leaving underpaid or unpaid.

Do not mix your bullion with the rest of your gold items. If you intend to sell everything that is made of gold including gold jewellery with gold coins make sure you separate the gold according to karats. Remember that not all gold coins are bullion coins with a fineness of 999.9%.  In fact, two of the world’s most popular coins, The South African and the $20 US Liberty Head Gold coins and St. Gaudens double eagle are made of 90% pure. British gold sovereigns, French gold francs  which are also some of the world’s most recognized gold coins contain 90% pure gold.

Most bullion dealers Brisbane work closely with collectors who like gold that has character and history. so it also helps to learn as much as you can about the bullion coins you are thinking of selling. There is the generic history that you can learn that comes from gold mints and there is the colorful history you can add about how you came about the coins. Maybe your great grandfather smuggled them out of Nazi Germany or they used to be owned by some famous person.  selling to a bullion dealer on consignment allows the dealer to