Selling gold bars in Switzerland

Summary

• Gold bars are easy to sell.

• Gold bars are popular with the Swiss.

• In Switzerland, private individuals, banks and dealers buy gold bars.

• Gold bars are a good way to hedge assets against currency devaluation.

• It is particularly easy to find a private buyer for gold on PreMeSec.

Selling gold bars in Switzerland

Switzerland is a wealthy country where many residents also buy precious metals such as gold bars. Since most gold bars are exempt from taxes, they are an excellent way to convert money into gold. Of course, this also applies to converting gold bars into money. Switzerland offers a variety of options for this. Besides banks and gold dealers, there are also many private buyers for gold bars. On PreMeSec, Switzerland's first trading platform for precious metals, it is easy to find a private gold buyer. PreMeSec checks each user individually and only those who have registered with a telephone number and passport or ID are allowed to buy or sell gold bars.

In general, the process of selling gold bars is reduced to three steps.

1. Determine the value of the gold bar

2. Create an auction or advert on PreMeSec.ch

3. Finalise the sale by handing over gold bars to the buyer in exchange for money

Swiss gold bars are easy to sell. © PreMeSec Ltd liab Co

First step: Determine the value of the gold bar

The most important rule in trading any commodity is that you know or can reasonably estimate the value of the commodity. With hardly any good is it as easy to determine the value as with gold bars. Their value is mainly determined by the price of gold. The price of gold can be found in the daily newspaper or on the Internet on various sites. Since gold bars are produced in different weights, it may be necessary to calculate the price from the price per kilo. The price per kilo / 1000 * number of grams of the bar applies.

The price you can ask for a bar is certainly above the price the bank or a dealer would pay for it, but probably also below the price a bank or a dealer himself charges for a gold bar.

You should never sell a gold bar for less than the price of gold!

Find a buyer for gold bars on PreMeSec.ch

Now you can create a buy-it-now advert or an auction on PreMeSec.

You should use good pictures of the gold bar, due to the excellent cameras in smartphones it is no problem to take such pictures yourself. It is advisable to use a calm, neutral background for the photo, for example a white or black sheet of paper.

A detailed description of the gold bar is also helpful for prospective buyers.

For auctions, the end date should be chosen skilfully, preferably in the evening if possible.

After that, all you need is a little patience until a buyer is found for the gold bar. If the price for the bar is well chosen and the description is meaningful, this should not take too long.

Register now and sell gold bars on PreMeSec.ch!

Finalise the sale

Once a buyer has been found, the buyer and seller will receive prepared receipts from PreMeSec. Follow the tips for secure trading of bullion!

By keeping clean documentation with receipts, you reduce the risk of fraud and can also prove that the gold bar was sold legally.

Advantages of direct trading

Direct trading of gold bars on PreMeSec offers numerous advantages:

1. Cost savings: as trading takes place directly between buyers and sellers, there are no fees that would normally be charged by banks or precious metal dealers. This means you can get more for your bullion or find more favourable prices as a buyer.

2. Better selling prices: Without a middleman, sellers can achieve higher prices as there are no commissions or fees deducted. Buyers also benefit from lower prices as some of these savings are often passed on.

3. Ease of use of the platform: PreMeSec makes the selling process simple and user-friendly. Listings can be created quickly and the platform offers an intuitive interface for managing offers and enquiries.

4. Security: All PreMeSec users are thoroughly vetted to ensure that trading takes place in a trustworthy environment. This minimises risk and provides a more secure trading environment.

5. Local restriction to Switzerland: By restricting trading to Switzerland, users benefit from regional proximity, which makes trading logistically easier and more secure.

These advantages make direct trading on PreMeSec an attractive alternative to traditional sales channels for gold bars.

FAQ section

How do I determine the value of my gold bar?

• The value of a gold bar is mainly determined by the current gold price and the weight. You can check the price online or in the newspaper.

How do I create an advert on PreMeSec?

• Register with PreMeSec, once your details have been verified click on "Create new offer" and follow the instructions to enter details and pricing.

How secure is trading on PreMeSec?

• PreMeSec verifies all users individually before they are allowed to buy or sell, providing a very secure platform for trading gold bars. In addition, prepared receipts are provided to document the transaction. Please also note our tips for secure trading in gold bars!

What fees are charged?

• On PreMeSec you trade directly with other buyers and thus avoid fees charged by banks and precious metal dealers. PreMeSec only charges a small ad/auction fee.

How long does it take to find a buyer?

• That depends on the attractiveness of your offer and the current market. A fair price and a detailed description will help you find a buyer more quickly.