Support Articles
Buying & Selling
Learn about the process of purchasing and selling precious metals, how to find the best prices, and what to consider when buying or liquidating your holdings.
Buying Precious Metals
Before purchasing precious metals, consider the following:
Investment goals: Determine whether you’re investing for long-term wealth preservation, short-term speculation, or portfolio diversification.
Type of metal: Gold, silver, and platinum offer different benefits and risks. Gold is generally considered a stable store of value, silver offers potential for higher volatility and returns, while platinum is rarer and often more volatile.
Form of metal: Bullion bars, coins, and rounds each have different premiums and liquidity. Coins may offer higher premiums but are more collectible, while bars offer lower premiums for bulk purchases.
Premiums and pricing: Understand the premiums added to the spot price, as these will impact the total cost of your investment. We display all pricing information clearly on our website.
Storage options: Decide whether to store your precious metals at home in a secure safe, or through a third-party vaulting service for added security and insurance.
What should I consider when buying gold or silver coins?
When buying gold or silver coins, consider factors such as the coin's authenticity, minting, and collectibility.
Government-backed coins from reputable mints tend to have higher premiums but offer added trust and recognition.
If you're investing mainly for weight and purity, focus on the coin's metal content and ensure that it meets investment-grade standards.
Collectible or limited-edition coins can also offer additional value but may come with higher premiums.
What should I consider when buying collectible or limited-edition coins?
Collectible or limited-edition coins often come with a higher premium due to their rarity and potential collector demand.
These coins can offer both investment value and aesthetic appeal. However, it’s important to consider that the market for collectible coins can fluctuate based on demand, so they may not always perform in the same way as standard bullion.
If you're investing primarily for wealth preservation, you may want to balance your collection with more traditional bullion.
What are the benefits of buying gold coins versus gold bars?
Gold coins tend to carry higher premiums but are more portable and recognized worldwide. They also have added collector value, especially if they are limited editions or come from prestigious mints.
Gold bars, while often less expensive per ounce, require larger investment amounts and are less flexible for smaller transactions.
The decision should depend on your budget, investment strategy, and preferences for liquidity and collectability.
What is the difference between bullion bars, coins, and rounds?
Bullion Bars: These are large, standardized bars of precious metal, usually sold by weight and purity. Bullion bars are ideal for larger investors looking for a cost-effective way to buy precious metals, as they typically have lower premiums over the spot price.
Coins: Coins are government-issued pieces of bullion, often minted with distinctive designs. They tend to carry higher premiums due to their collectibility, minting process, and the added trust of government backing. Examples include the Canadian Gold Maple and the Australian Kangaroo.
Rounds: Rounds are similar to coins but are privately minted and do not carry the same legal tender status. They are typically less expensive than coins but still offer the same investment-grade purity and weight.
How do I decide between buying physical gold and silver versus platinum?
The choice between gold, silver, and platinum depends on your investment strategy and goals.
Gold is often favored during times of economic uncertainty due to its stability. Silver is more affordable and can offer higher upside potential in a growing economy, while platinum is rarer and is generally more volatile, making it suitable for those looking to diversify their precious metals portfolio.
What is the process for purchasing precious metals?
Purchasing precious metals from us is a straightforward process.
Simply browse our website marketplace to select the type of metal you wish to buy, such as gold, silver, or platinum, in your preferred form (bars, coins, rounds).
Once you've made your selection, you can proceed to checkout where you can choose your payment method, such as bank transfer or cash (in-person payments only).
We offer real-time pricing and transparent costs, including any applicable premiums. After payment, you can either have your precious metals delivered or securely stored with one of our recommended vaulting services.
What is the advantage of buying from As Good As Gold compared to other dealers?
At As Good As Gold, we offer competitive pricing, some of the best buyback rates in the industry, and a wide range of high-quality precious metals products.
We prioritize customer education and transparency, ensuring you understand the costs, premiums, and investment options available.
Additionally, we only deal in investment-grade bullion, so you can trust the quality and authenticity of your purchase.
How do I know which precious metal is the best investment for me?
The best type of precious metal investment depends on your goals and preferences.
Gold is a popular choice for long-term wealth preservation and as a hedge against inflation.
Silver is more affordable and can offer significant upside potential, especially in industrial applications.
Platinum is rarer and can be more volatile, appealing to investors looking to diversify into a less conventional precious metal.
Additionally, coins may be preferable if you seek collectability and higher premiums, while bars may be ideal for cost-conscious investors buying in bulk.
Selling Precious Metals
When liquidating your precious metals, it’s important to consider:
Market conditions: Prices can fluctuate based on economic and geopolitical factors, so it’s helpful to track the spot price and sell when the market is favorable.
Selling strategy: Determine whether you want to sell a portion of your holdings or liquidate everything. This can impact the timing and approach for selling.
Fees and taxes: Understand any applicable fees or taxes on the sale. Capital gains tax may apply if your metals have appreciated in value since you purchased them.
Buyback terms: Ensure that the dealer you’re selling to offers competitive buyback rates and provides transparency in the process. We aim to provide a seamless experience with competitive prices for your precious metals.
What is the process for selling precious metals back to your company?
Selling your precious metals back to us is straightforward.
You can contact us for a quote, and we will assess the current spot price and the condition of your metals.
Once you accept the quote, you’ll securely ship your metals to us (or deliver them in person if preferred).
After we verify the metals, we will process payment within 24 hours, directly to your bank account. Our buyback process is fast, transparent, and straightforward.
Can I sell precious metals back to you at any time?
Yes, you can sell precious metals back to us at any time.
We offer flexible buyback options, and our prices are updated regularly to reflect market conditions.
Contact us for a personalized quote based on the current spot price and your metals' condition. Once the quote is accepted, we will promptly process payment.
What factors affect the price I’ll receive when selling my precious metals?
The price you’ll receive for your precious metals is primarily influenced by:
Spot price: The current market value of the metal based on global trading.
Premiums: While premiums primarily apply to purchases, the quality and condition of your metal may affect the price you receive.
Market demand: If demand for a particular metal is high, it could affect the buyback price. Similarly, rare or collectible coins may fetch a higher price.
Type of metal and form: Coins, bars, and rounds are generally valued based on their weight and purity, but certain forms like collectible coins may command a higher price due to rarity.
Should I sell all my precious metals at once or in portions?
Selling in portions can be an effective strategy for managing risk and maximizing returns. By selling only part of your holdings, you can take advantage of market fluctuations and potentially sell more when prices rise.
This strategy allows you to hold onto your metals during times of uncertainty and liquidate when the market conditions are optimal. However, the decision ultimately depends on your investment goals and the current state of the market.
How do I know when is the right time to sell my precious metals?
Timing your sale involves tracking the spot price of precious metals and staying informed about broader market trends.
The right time to sell is generally when the price is favorable, such as during periods of economic instability, inflation, or geopolitical uncertainty when demand for precious metals is high.
You can also sell when you reach a specific financial goal or when you need liquidity.
Can I sell my precious metals for cash?
Yes, you can sell your precious metals for cash.
Once we assess and approve the value of your metals, you can choose to receive payment via cash (for in-person transactions under $10,000 AUD), or bank transfer, which is often faster and more secure.
For transactions over $10,000 AUD in cash, we comply with AUSTRAC reporting regulations. Our process is transparent and secure, ensuring that you receive your payment promptly and in accordance with local laws.