Best place to sell gold?
Best place to sell gold?
Author
Discussion

Seti

Original Poster:

1,934 posts

220 months

Sunday 4th September 2011
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I want to sell a 1oz Krugerrand as I don't think that Gold is going to go up in value much more (and I need the cash).

They seem to be going for c.£1,250 on e-bay but there is a 10% selling fee to take into account. I haven't been to any cash converter type places but I wouldn't expect to get a great deal there. Is it worth going to decent jewellers or just accept that I'm going to get c.90% of its true value?

Thanks

V8mate

45,899 posts

205 months

Sunday 4th September 2011
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As you're in London, plenty of places in Hatton Garden who trade Krugerands.

The Stiglet

2,062 posts

210 months

Monday 5th September 2011
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Seti said:
I don't think that Gold is going to go up in value much more (and I need the cash).
It's probably going to take a correction, perhaps to $1,400 oz but in the longer term will bounce back, possibly seeing $2,300 oz or more. We're about to head into another bear market so depending on your needs, either sell quickly or keep for the longer term.