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Factors to Consider When Selling Silver in London

Investing in precious metals can sometimes be an overwhelming thing to do. Buying and selling silver is a very good form of preserving personal wealth. It is also a perfect investment opportunity in the long run. This is because this precious metal continues to increase in value over time. There are several factors that need to be considered before buying and selling this precious metal. This will ensure that you get only the best deals for your money. It is important to know that the best form to buy this precious is in the form of bullion bars or coins. This ensures you get the best when buying and selling silver in London.


It is paramount that you sell this metal only through an established dealer. Ensure that the bullion dealer has a good history from the previous dealings that he has handled. You can also decide to purchase this metal through online companies that auction this precious metal.


It is easier to know if a dealer is offering you a genuine bargain. Seek information about their dealings in the past from individuals who have purchased this metal from them. If a lot of people like them, then they must be offering the best bullions. The price they are offering you should be another indicator of how genuine they are. Check out the prevailing market prices and compare with what they are offering you. If they are still making profits at their particular price, then they are genuine.


You should be able to know the actual cost per ounce of silver that is prevailing at that particular moment. This is because the prices of precious metals usually fluctuate on a daily basis. This is caused by several factors such as trends. You should be able to assess the cause of the current prices in order to gauge whether it is favourable to you.


During the process of selling this precious metal, there are certain fees and commissions that are usually charged. Ensure that you are aware of them and you understand that they also affect the final price of this commodity that you are selling. Read about the methods other dealers uses to charge for the commodity in order to avoid incurring unplanned costs.


It is important that you set in place a mechanism that will protect this type of business. A lot of individuals store these bullions at their personal residence. This can be safe while at the same time be risky depending on the amount you have stored there and other people who may have information of where it is stored. It is advisable to diverse your bullion storage options so that not all of your precious investments are stored at one place.


Undertaking the purchase and sale of silver exchange traded-funds can also be a better investment. This involves buying of units based on the market price of this precious metal future. When you will decide to sell your units, you will be paid according to the prevailing price of this metal in the market.


The quality of the bullions you want to sell should be of the highest standard possible. This is done by checking for a quality stamp. All these tips will assist you when buying and selling silver in London.

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Todays Gold Silver and Platinum prices

  Price per Gram
Gold 9 Carat £11.12
Gold 14 Carat £17.29
Gold 18 Carat £22.25
Gold 22 Carat £27.15
925 Silver £0.12
950 Platinum £18.10

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