Buying Gold In Australia

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One of the best places to buy gold bullion in Brisbane is a company called M.A.K Bullion: Gold Buyers and Refiners. The company has been in the industry for over 2 generations and among the precious metal merchants in all of Australia M.A.K precious metals gold buyers and refiners seem to be the ‘fairest of them all’.

The company’s business practices are not only transparent but also extremely fair and often once they have come to know a customer at a personal level, they extend their services to an extent that they actually offer their customers with advice on what type of bullion to buy and which would appreciate in value faster. Yes, buying bullion is not as simple as it looks. Certain bullion carries more value than others due to reputation as well as rarity.

For those who attempt to buy gold bullion in Brisbane, the best way to go about it is to do some homework and shop around. Based on surveys, this company actually offers the highest buy back of their bullion. One fact that most people don’t know is that, when the prices of gold are high, most gold merchants will be reluctant to buy gold as they deem the price to high and as such most would either offer excessively lower prices or they will only buy back the gold that they sold and refuse to take in gold bought from other gold merchants.

Another factor that one must be aware of when buying precious metals is that it is an investment that is meant for the long term, however there have been situations when gold prices go high enough that prompts people to sell, only o be disappointed that not everybody was buying. This is why it is important to have a precious metal merchant who is reliable and established and would buy back the same gold that they sold at the market spot price or even slightly lower as it is a trade that works in such a manner.

Knowing when to buy or sell bullion thus becomes a crucial aspect of investing into the precious metal industry and being successful at it. Buying bullion when prices is on the rise is practically fool hardy, the best time to buy bullion would be when prices have fallen and bottomed out and met with market resistance, such as it is now, the current prices of gold especially are at their lowest in a long time and thus buying now would be a good move as prices are expected to rise soon when capital market conditions deteriorate a little further than they are now.

Based on market analysis, the true value of gold should be about 1,400 USD [per troy ounce as opposed to the current 1,200 USD per ounce that it is at now, the only reason it has not increased is due to the rise of the US dollar which should be falling inevitably within the next few months when exports out of America begin to falter due to the high value of the dollar.

 

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