How to Market Your Gold For The Hobby Prospector
Congrats on finding enough gold and silver to consider selling!! There are several methods to sell
your found gold and silver, even though that makes prospecting no longer a hobby and more of a business, make sure you keep having fun in whatever you do!
We hope this information helps you market and convert your gold into currency (though not sure why you would)…sorta defeats the purpose…
If you do a search on the companies in the LBMA certified refiner list below (there are several in the USA), you will quickly get contact info to find out:
Questions to Ask Potential Buyers
- Do they buy “raw” gold?
- What is their minimum quantity?
- How much are they paying?
- Can you speak with a few references?
Potential Sources To Sell Your Gold
As the primary international association which certifies/accredits smelters/refiners and writes the standards for them it appears…The London Bullion Market Association…
The LBMA is the London-based trade association that represents the wholesale gold and silver bullion market in London. London is the focus of the international Over-the-Counter (OTC) market for gold and silver, with a client base that includes the majority of the central banks that hold gold, plus producers, refiners, fabricators and other traders throughout the world.
There are also a local smelter/refiners busy recycling/recovering gold and other metals BUT many do not list “raw gold”…though they could be a place to start as I imagine they get regular inquiries and may know of some local options for you…
This post is intended to educate and help. IT IS NOT AN ENDORSEMENT, always remember… Caveat Emptor!!! GOOD LUCK & HAPPY SELLING!!
- From river prospectors to canny investors, why everyone’s on the hunt for gold (dailymail.co.uk)
- OK, Yes, I’m a Gold Bug (citizeneconomists.com)