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Gold Processing and Selling?
Question 1:
Please could someone give me a “comprehensive but simple to understand” way of processing gold dust into bars(at home or at a goldsmith). I heard to sell the gold, it must be certified… is this true and who certifies it?
Question 2:
I need information on how to sell the gold bar after I have done everything right from the first question at close to MARKET PRICE as possible. For example: Do I sell the bar to jewelry stores or are there gold dealers that buy the gold close to MARKET PRICE? Also where is the best country to easily sell your gold. I heard Dubai, how true is that…
Please need clear, easy to understand answers. Thanks a million everyone.
Put the gold dust into a metal pot and heat (according to melting point of gold which you can find on internet). Make a mold in the shape of a rough bar (doesn’t really matter). You should be able to get some release medium to line the mold. You need to take the bar/s to an assayer to be assayed as to it’s purity.
I think they are some jewellers who are authorised to do this. (Hatton Garden in UK) or someone like Johnson Matthey.
It might be best to identify your buyers first so they can tell you in what weight or form they would prefer to buy.
1kg Gold Bar at Dubai International Airport
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