How to Buy and Sell Gold and Silver in Canada
How to Buy and Sell Gold and Silver in Canada
Buying Gold and Silver in Canada: Where to Purchase and What to Look For
There are not many problems with buying gold and silver in Canada. Dealers, traders, and bullion shops are your best bets. Look for companies with good reviews, reasonable prices, great customer service, and a return policy.
· You can start by going to stores like Kitco. You can check the price in real-time to make sure you're getting a good deal. Now gold price is 2638.28 CAD. If there isn't a place near you, they also have easy-to-use internet stores.
· You can buy gold and silver online through brokers, without having to physically hold the items. Even though their fees are usually low, you must use them to store your valuable metals.
· Bullion shops are real places where you can buy and look at gold and silver coins and bars. Find shops in your area and compare their costs to those of online sellers. People who sell gold and silver in person let you have them right away if their prices are fair.
When you compare prices, you should look at both the spot price and the premium for gold and silver. The premium covers the cost of making the coins and sending them out to people. Most of the time, premiums for gold are 3–7% and premiums for silver are 10–15%.
Selling Your Gold and Silver in Canada: Getting the Best Price
Sites like APMEX let you see how much gold and silver are worth right now. The price per ounce will go up if your things are more like 24 karat gold or .999 fine silver. If you need to, have your things checked to see how pure they are.
· Buyers on the web: Well-known online gold and silver buyers are in Canada. They receive your things, check to make sure they are real, and then either send you payment or set up a bank wire transfer.
· Coin or pawn shops in your area: Compare prices at a few stores before selling your things. Only sell to well-known stores that will test them himself. First, read what other buyers have said.
· Persons who buy: You could use classified ads or websites like Kijiji, Craigslist, or Facebook Marketplace to sell straight to other buyers, but you should be very careful.
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