Many new to gold investing wonder how to sell gold bullion when the time is right. Currently we are facing the biggest economic collapse in our history of our country, and according to experts we need to protect ourselves by buying gold coins and silver coins. When first purchasing coins it can be confusing. You are probably wondering at first, what should i buy, how do i buy and then after purchasing coins you may wonder how to sell them when the time is right.
We asked Expert How to Sell Coins
I recently asked radio host and gold and silver broker, Melody Cederstrom, at discount gold and silver trading, how to sell our precious metals? She said it’s best to develop a strong relationship with the person who you are purchasing the gold coins from. Then when you are interested in selling your gold coins, you will already have a relationship with your broker, so you would just call them and find out the price they would buy back your gold coins for. The price they would purchase your gold coins would be below that day’s silver prices and gold price, since they need to earn a commission. You would then ship back your gold coins, obviously insured and tracked. Then they would either send you a check or wire money into your bank account. That’s it. It’s easy.
Selling Bullion to Coin Shops
If you are looking for other ways on how to sell coins, you may want to look in your local yellow pages. Or you can look online. There are gold and silver coin shops that are popping up all over the country. They are getting ready for gold and silver to be the main means of currency during the economic collapse and crash of the united states dollar. You can go to one of these gold coin shops and offer your gold and see how much they will offer you. If you do not like the price, walk out and go to another store. This is the method if you want convenience of selling on the same day.
Is Ebay a Viable Way to Sell Coins?
Another way to sell coins is through ebay. Although, i would be wary of selling online that way. You never know who is on the other end, and if they are criminals that will steal your gold. Especially since Ebay uses paypal which may fraudulent transactions easy for criminals. So if you are looking for a way to sell your gold, you may want to stick with coin shops and reputable broker dealers. If you want to sell gold you may want to wait as gold price and silver prices are expected to rise over the coming decade due to the dollar depreciation.
Gold forecasters are saying that the price of gold can skyrocket to $10,000 an ounce in about ten years, and you may want to hold off on selling for 5-8 years. Silver prices are said to be even more of an investment then gold due to its commercial value and can soar past $100 an ounce. As analysts expect a huge run-up in gold and silver prices over the coming decade. This is due to the dollar being devalued month after month and those of us who have the fore-site to protect our money, will be getting out of the dollar and buying precious metals. Large investors say that gas prices and oil prices will skyrocket.
The people of the United States are completely unaware of how close the country is to a complete meltdown. In 2008 the country suffered a calamity and has been only kept alive through careful manipulation by the Federal Reserve. Are we headed for the next meltdown?
According to expert analyst, Bob Chapman, silver prices could reach about $500 an ounce over the next decade.