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How much do you sell your gold for?
gavin  
Posted : Monday, 4 February 2013 6:16:20 PM(UTC)
gavin

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Just out of curiosity: Those that sell their gold... do you mind sharing who you sell to (even just vaguely e.g. jeweller, gold buyer, etc.) and how much below/above spot price you get for the lovely yellow metal?

Cheers,
Gavin
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kiwijw  
Posted : Tuesday, 5 February 2013 5:09:13 AM(UTC)
kiwijw

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Hi Gav, Have you got that 4500 paying for itself & wanting to sell some gold? :)
Trademe seems the best place to get a good price. Usually at least spot gold price but that depends on the size & shape of the gold. Bigger & cool shapes will get more. You have the trademe fees of course but then you will have more taken off from a gold buyer as they too have to make money as do the refiners. Dont forget too that spot price is based on 99.9% pure refined gold, not the raw gold found out in nature. Check this site out for a percentage mark up on spot price for small to larger pieces. http://www.gold-net.com.au/goldsale1.html

Good luck out there

JW :)

Edited by user Tuesday, 5 February 2013 5:11:07 AM(UTC)  | Reason: Not specified
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Lammerlaw  
Posted : Friday, 8 February 2013 9:41:58 PM(UTC)
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Dont sell it - my son says that he is selling his - if he does then I will buy it!
My advice to anyone is to keep it - endure a little financial hardship if you can and keep the gold...it is and for many years to come will be the 'Ace up the sleeve'
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kiwijw  
Posted : Saturday, 9 February 2013 10:27:23 AM(UTC)
kiwijw

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Hi Graeme & all, It is all very good & well to say "Dont sell your gold" But life goes on & sometimes you need something else in life & you may not have the money to get it, but have some gold that you can cash in to get what ever it is that you want to get. What is the use of having a pile of gold collecting dust that is worth absolutly nothing until you cash a bit in. You cant eat or drink gold or wear it on your back or put it over your head to keep out the weather. Gone are the days when you can go to the pub or store, weight out a parcel of gold to pay off your debit.
Sure.......keep some but one day you will wake up dead, & what use is all the gold in the world to you then?? Your kids will love you for it & I bet the first thing they will do is cash it in & have a life & get all the good things in life they want to make life easier for them. A life you could have had. Not saying you arent having a great life but you could have had your house all nicely finished etc....without the struggle & hard financial times. Just cash in some gold. You can always go find some more. It is just a commodity.

Good luck out there

JW :)
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NUGGY  
Posted : Saturday, 9 February 2013 11:14:18 AM(UTC)
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Hmmm, think I'm a bob each way really. If you're dredging or whatever every day then you will need fuel, food and the odd bottle of beer etc, obviously you will be needing to sell gold unless you are independently wealthy, or something.
My compromise was to sell the fine stuff and keep the chunky bits, these are good for admiring and boasting as well. It makes good sense to have some gold stashed in a safe place for hard times, but if you are a gold producer then usually you can just produce more if needed. If gold goes to a humongous high price, then to get any benefit from that you would have to sell some.
There was a scheme that you could lend and borrow gold through a large gold buyer (Morris and Watson I think), if borrowing you paid interest, then replaced the borrowed gold by a set date. This meant the gold holder could earn from their holdings, and still have the same amount of gold.
The gold I kept the longest, as the price kept going down over several years (about an ounce of chunky bits) I could not find in the ashes after my house burnt down, so I sort of wished I had sold it. I went to a lot of trouble to try and find that gold, shovelling all the ash from where it was hidden into a trailer, then putting it through a sluice box. Where did it go - buggered if I know.
Anyway It's your choice, but putting a steady percentage aside is a bloody good idea if you can. NUGGY
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Lammerlaw  
Posted : Saturday, 9 February 2013 6:29:29 PM(UTC)
Lammerlaw

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I get the message John but even in hardship I find other ways of getting through those hard times and never ever sell gold or silver...that is just me though and as I said above 'endure a little financial hardship if you can and keep the gold' - the operative words are 'IF YOU CAN'

My son has voiced his intention to sell quite a few ounces but if I get my way I will buy every bit of it.

Only sell gold if all other avenues to keep ones head above water fail.

NUGGY - I wonder if someone got it? the gold would have been directly beneath where it was kept and if it was not there then someone surely knows where it is.

Edited by user Saturday, 9 February 2013 6:46:07 PM(UTC)  | Reason: Not specified
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