New Zealand Gold Prospecting & Metal Detecting Forums Archive

The forum has moved to community.paydirt.co.nz, see you there!

This forum is now an archive to preserve the knowledge and finds posted here.

2 Pages12 >

SELLING ALLUVIAL GOLD

simon		Posted : Friday, 7 January 2011 10:50:53 AM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 7/01/2011(UTC) Posts: 789 Location: Central Otago Thanks: 33 times Was thanked: 239 time(s) in 150 post(s)		Hi. I am wondering if anyone has any advice on the best way to sell alluvial gold. I understand trade me is an option. Often i don't have too much time to sit on the computer doing such things - too busy working or out prospecting. i have approached a couple of so called gold buyers - they seem to offer 2/3s of what the actual gold price is. seeing as i have alluvial gold - i have cleaned it as best as i can to remove blacksand etc. would it be more beneficial if i was to get my gold refined first at my local goldsmith into say 1 oz amounts?
		WWW

gingerbreadman		Posted : Friday, 7 January 2011 11:14:20 AM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/07/2010(UTC) Posts: 473 Location: south of the black stump Thanks: 34 times Was thanked: 96 time(s) in 74 post(s)		Hi there simon yep thats what i do then you no what youv got.ask how much it,l cost for refining 1st though. The buyer carnt tell you there taxing x amount to compensate for impurites because you,l have refined gold...so find out the buy price and dont settle for any less. gbm.

kiwisouth		Posted : Friday, 7 January 2011 11:18:12 AM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 3/04/2010(UTC) Posts: 326 Location: Blenheim (Renwick) Thanks: 39 times Was thanked: 105 time(s) in 83 post(s)		Gadzooks Simon. I wish I could contemplate refining my gold into 1 oz lots.
		Nulli Illigitimi Carborundum
		WWW

simon		Posted : Friday, 7 January 2011 2:09:51 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 7/01/2011(UTC) Posts: 789 Location: Central Otago Thanks: 33 times Was thanked: 239 time(s) in 150 post(s)		thanks gingerbreadman for the advice. and recommendations for gold buyers? kiwisouth - only a couple of hard earned ounces so far. here's hoping for a few more. if only the rain would stop to let the waterways recede!
		WWW

Karl McDowell		Posted : Friday, 7 January 2011 2:34:41 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 11/07/2010(UTC) Posts: 47 Location: Auckland Thanks: 13 times Was thanked: 39 time(s) in 29 post(s)		I've sold via Jens Hansen Jewellers in Nelson and been fairly happy. Can't remember what his handling fee is but its not excessive.

gingerbreadman		Posted : Friday, 7 January 2011 2:40:02 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/07/2010(UTC) Posts: 473 Location: south of the black stump Thanks: 34 times Was thanked: 96 time(s) in 74 post(s)		well theres the gold shop in q town but mine uasally go,s to morris and watson in christchurch.also you mentiond geting it melted into 1 ounce lots well uasally when they refine it im not shure what they call it but it looks as though they melt it and pour it into water as the gold comes out in roundish droplet shapes looks unreal you wouldnt bealeve it came from a river thats for shure.good luck gbm

Stumbler		Posted : Saturday, 8 January 2011 1:09:00 AM(UTC)
Rank: Gold Flake Groups: Registered Joined: 20/09/2010(UTC) Posts: 18 Thanks: 3 times Was thanked: 4 time(s) in 3 post(s)		Hi Simon I agree with Gbm; and I can recommend Michael Garland from Morris and Watson....03 3371334. Nice chap, I think he's still about, it was quite a while ago since I last saw him, he used to travel around a bit buying from jewllers etc. Mate sold some to him only a couple of years ago, got instucted on how to send it in the post etc. Think you'll get the best price through him, not sure how any Tax or payment issues are these days. Cheers Stumbler

roman holiday		Posted : Saturday, 8 January 2011 7:48:17 AM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/04/2010(UTC) Posts: 147 Location: Tauranga Thanks: 18 times Was thanked: 8 time(s) in 7 post(s)		simon wrote: Hi. I am wondering if anyone has any advice on the best way to sell alluvial gold. I understand trade me is an option. Often i don't have too much time to sit on the computer doing such things - too busy working or out prospecting. i have approached a couple of so called gold buyers - they seem to offer 2/3s of what the actual gold price is. seeing as i have alluvial gold - i have cleaned it as best as i can to remove blacksand etc. would it be more beneficial if i was to get my gold refined first at my local goldsmith into say 1 oz amounts? The Kiwi dollar is pretty high at the moment. I'm sure that if you held onto your gold a while longer you'll get a much better price when the Kiwi crashes against the US dollar [and gold]... well north of 2000.

gingerbreadman		Posted : Saturday, 8 January 2011 11:49:06 AM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/07/2010(UTC) Posts: 473 Location: south of the black stump Thanks: 34 times Was thanked: 96 time(s) in 74 post(s)		Ha i like your enthuasasiem R.H good stuff...michael does a pretty fare deal but get it refined first then you no were you stand...

roman holiday		Posted : Saturday, 8 January 2011 12:32:13 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/04/2010(UTC) Posts: 147 Location: Tauranga Thanks: 18 times Was thanked: 8 time(s) in 7 post(s)		gingerbreadman wrote: Ha i like your enthuasasiem R.H good stuff...michael does a pretty fare deal but get it refined first then you no were you stand... Cheers GBD. The plan is to spend my paper money first..... and only spend a little gold [save most of it] at a later date when I need to. lol Does it cost much to get refined? Edited by user Saturday, 8 January 2011 12:33:11 PM(UTC) \| Reason: Not specified

gingerbreadman		Posted : Sunday, 9 January 2011 1:28:03 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/07/2010(UTC) Posts: 473 Location: south of the black stump Thanks: 34 times Was thanked: 96 time(s) in 74 post(s)		think its only about $7-8 an ounce

roman holiday		Posted : Sunday, 9 January 2011 3:05:50 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/04/2010(UTC) Posts: 147 Location: Tauranga Thanks: 18 times Was thanked: 8 time(s) in 7 post(s)		gingerbreadman wrote: think its only about $7-8 an ounce That would be awesome to get it refined so cheaply. I guess they'd do it in batches... of a certain amount of ounces.

dettol		Posted : Friday, 21 January 2011 4:46:17 AM(UTC)
Rank: Gold Flake Groups: Registered Joined: 11/01/2011(UTC) Posts: 28 Location: Auckland Thanks: 31 times Was thanked: 3 time(s) in 2 post(s)		Hi all, I'm new here. Enjoying learning about prospecting and looking forward to chatting to a few of you. I have looked into refining raw alluvial/placer gold in Auckland and the quotes are around $1 per gram of gold yielded from the material you are refining. There is a further handling fee which I believe ranges from $30 to $50 depending on the refiner and the quantity of material to be refined. Some refiners such as Regal Casting will facilitate the purchase of Mint coins or bullion in exchange for the net gold content of the material refined for an additional cost. Overall you would be looking at between 5% and 8% of the value of your gold to get it refined. It doesn't bother me as I see it as a type of tax, which you are not paying in the first place, on your work. This is still well below the standard individual tax rate though. This should make it easy to get spot price on your gold and possibly above spot as it will be pure and assayed. Hope this helps!

GoldSmart		Posted : Tuesday, 1 February 2011 11:02:42 AM(UTC)
Rank: Gold Dust Groups: Registered Joined: 1/02/2011(UTC) Posts: 7 Location: New Zealand Thanks: 1 times Was thanked: 4 time(s) in 4 post(s)		Hi Guys, We can refine and purchase any alluvial gold that you may want processed. We have a price guarantee and will consider exchange of fine material for minted bullion (subject to cost and current market prices). Naturally we prefer larger amounts because you pay less for refining and assay, however will consider any volume. For more information please call or email us: 0800-465-376, [email protected] Regards, Anita
		WWW

kiwijw		Posted : Tuesday, 1 February 2011 2:45:17 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 28/03/2010(UTC) Posts: 1,152 Thanks: 92 times Was thanked: 658 time(s) in 324 post(s)		. Edited by user Saturday, 9 July 2011 2:28:07 AM(UTC) \| Reason: typo

roman holiday		Posted : Wednesday, 2 February 2011 7:58:29 AM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/04/2010(UTC) Posts: 147 Location: Tauranga Thanks: 18 times Was thanked: 8 time(s) in 7 post(s)		The other thing is you can consider gold an alternative currency [savings]. The kiwi dollar is a small and volatile currency, and with uncertainty and volatility you'd do well to diversify a bit out of the Kiwi. If gold continues to appreciate against NZ assets then it makes sense to sit on some of that gold you find. Edited by user Wednesday, 2 February 2011 8:19:26 AM(UTC) \| Reason: Not specified

Lammerlaw		Posted : Tuesday, 31 May 2011 2:01:19 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 24/05/2011(UTC) Posts: 1,721 Thanks: 72 times Was thanked: 579 time(s) in 396 post(s)		Unless you are totally desperate for dollars dont sell gold! I get financial advice from the Good Old US of A and it all points to gold prices escalating far beyond what they are now. We all know it goes down but the long term tendency is forever upwards. Keep it! If you really need money then you have two options sell the gold or find some other way to find money - now if you get really desperate before you sell your gold then invest in a walking stick and paint it white, a pair of dark sunglasses and taking a hat to collect donations in and a placard with the words 'Please give generously to the blind man - nine mouths and a motherinlaw to feed' - go and sit in the nearest city centre, in the case of Dunedin the Octagon! If you still need to sell gold then consider Trademe - If I was going to sell gold then it would be either Morris And Watson for large amounts or Trademe for pocket money or smaller amounts. I would not deal with Jewellers - one here in Dunedin took my father to the cleaners and must have gone laughing all the way to the refiners. Engelhardt Industries used to buy it but I dont know if they are still in business. If you look in the yellow pages under 'Precious metal dealers' then do phone around and get detailed information on just how much they do pay and whether they take tax from the amount paid. Remember that Trademe has no tax component - that is left to you.

x-terra steve		Posted : Tuesday, 31 May 2011 2:52:52 PM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 7/04/2010(UTC) Posts: 224 Location: Nelson NZ Thanks: 103 times Was thanked: 69 time(s) in 42 post(s)		Hi Lammerlaw, you are wright on the money, except for Morris and Watson!! PS bloody nice nugget!!

gingerbreadman		Posted : Tuesday, 31 May 2011 3:21:49 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/07/2010(UTC) Posts: 473 Location: south of the black stump Thanks: 34 times Was thanked: 96 time(s) in 74 post(s)		Iv had pretty good dealings with morris & watson though to give them less chance of taxing $ of your bottum line i melt my gold down that way they carnt say ooo but there was a bit of sand in there!! i like the blind man idea lammerlaw...though if you live in chrischurch at the mo...dont like your chances! Edited by user Tuesday, 31 May 2011 3:22:31 PM(UTC) \| Reason: Not specified

nzgold		Posted : Tuesday, 31 May 2011 3:36:07 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 5/08/2010(UTC) Posts: 97 Location: New Zealand Thanks: 23 times Was thanked: 20 time(s) in 19 post(s)		Gold is safe, money aint worth the paper that it's printed on, not with the massive global debt. The system will collapse eventually. Who knows when? But keeping at least a few ounces of gold in your safe is a good idea, gold will stay at the same value, while money will only be worth less & less. Two options. Sit on that gold, OR sell it and get your money working. Stuff working for money! MAKE every dollar in your bank account work it's BACKSIDE OFF making you more money. Make that money work so hard it wants to die. Use the new money to make more money. I aint rich yet but I am going to be. Being rich is a decision, not a coincidence. Seriously though. Make that money work. Invest it, be creative, get rich, retire, then enjoy the outdoors forever after. Can't you tell I've been listening to Aerosmith? (That song called Dream On) It is stuck in my head. Big time. lol!

2 Pages12 >