FAQ
General questions
Selling Unwanted Gold Depends on THREE Things.
1. Purity. How much gold is in it?
2. Weight. How much does it weigh?
3. Market Price. What is the current price of gold?
Bars of gold are a good long term investment to provide balance and protection from economic downturns. The value tends to rise during times of political and economic instability and has averaged more than the inflation rate over time. Large bars offer better value than smaller ones, although divisibility should be a consideration. (Not a financial advice)
Generally, all bars sold by gold dealers will be 24 carats in purity. However, not all sold globally are 24 carats. The term ‘bar’ really only refers to the format of the physical gold. You should not assume that purity is automatically 24 carats. Many mined on the African continent are only 22 carats, which make them difficult to sell outside of Africa. Often these bars are melted down and used for jewellery.
marketplace activities.
- We offer a secure and safe way to sell your unwanted jewelry for the most money in the industry
- With the current high price of gold, there’s never been a better time to sell. But who provides the best offer? Who can you trust? Pure Gold Traders expertise and experience ensures your peace of mind
- We offer a competitive payout, quick turnaround and fast payment
- Pure Gold Traders is Markham’s newest and most dedicated gold buyer.
- 100% Canadian family owned and operated. We don’t have the huge advertising budget that the other guys do.
- We offer the most comprehensive service than any gold buyer.
- We offer excellent communication and customer support. Every single transaction is fully transparent and open.
- We offer custom settlement options tailored to suit all of your needs, whether you’re an individual selling small lots of gold or jewelers with bigger lots.
- We have the most gold buyer pay out rates in Markham and Scarborough North!
Other questions
No we do not buy Silverware or Silver Jewelry. We buy Silver Bars, Coins and Rounds
The terms gold bullion and bars are somewhat interchangeable. Both generally refer to 24 carat gold in the form of a rectangular bar. However, bullion is also a term used to describe the ‘investment finish’ of certain coins. Bullion coins are minted for value purposes as opposed to proof finish coins which are more expensive collector’s items.
It is easier for fraudsters to fake or add non-gold substances to bars than coins. This is because the design of a coin is far more complex and difficult to copy. The best place to buy is from a trusted gold dealer, where they tightly control their supply network. All genuine bars should also come with serial numbers and many with a certificate from the mint.
It is best to buy directly from a precious metals dealer. Prices will be transparent and based on the live market. Usually, discounts are offered for purchasing bars in quantity. You benefit from the peace of mind knowing your investment is genuine and high quality and you will have a place to sell the bars when the time comes.
Both Gold ETFs and bars have their value linked to the underlying gold price, so they both provide a degree of balance to mainstream assets. Bars benefit from having no counterparty risk whereas gold ETFs can be leveraged and there are additional risks associated with the provider. Buy/sell margins are tighter with ETFs due to their electronic efficiency. Fees may exist with both investments, ETF management fees, and gold bar storage costs.
If you are seeking investment, then try to buy the cheapest 24 carat bar possible. Premiums are paid for certain brands, especially from Switzerland, or enhanced packaging, but these premiums may not be recouped upon sale. Pre-owned gold bars can be bought cheaply, just ensure they are from a reputable gold dealer.
We verify clients to assist in fraud prevention. Some payments require us to verify your identity.