What is the commission on selling gold?

GoldBroker.com is committed to buying back precious metals stored in storage units. A 1% commission is applied on the total amount of the resale. It is important to research gold IRA custodian reviews before deciding on the Best Gold IRA Account, as this will help you to get the best value for your gold coins or ingots. When you sell gold coins or ingots, you should expect to receive at least 90 to 95% of the current market value. However, with gold jewelry, you're only likely to get 70 to 80% of the fusion value. If you have antique gold jewelry or gold bars, selling them can be a great way to get cash right away and take advantage of today's high gold prices.

As a side note, if you know that a particular product is in short supply, you may be able to get a better repurchase price from your gold buyer, since a smart gold buyer knows that they can quickly sell your gold to someone else. Many gold and silver traders offer commission-free settlements, meaning that the price you are quoted to sell your gold contains no hidden fees or commissions that could reduce your profits at the end of the sale. When you sell your gold to a gold dealer, that dealer is likely to sell those same metals to a large-scale depositary or wholesaler.