what does the gold buyer do with the gold he bought from you?
Hermann V asked:
I want to know what the gold buyer does after he has bought your gold at the store or in the mall at the stand?
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I want to know what the gold buyer does after he has bought your gold at the store or in the mall at the stand?
October 25th, 2009 at 5:50 am
I think they cook it or something like that so that the gold would dissolved and then they make the new one again!! Strawberry
October 27th, 2009 at 8:32 am
they will melt it and create new ones or resell what you sold them. Sarah
October 28th, 2009 at 1:38 am
They could store it as is, to resell later when gold prices are higher.
There are ways to separate the other metals from gold alloys (K Computer Guy
October 29th, 2009 at 4:54 pm
First thing to realize is that someone who buys your gold rarely if ever does the refining. Usually, they will wait until they have a sizable quantity of gold and then send that to one of the big refiners like Hoover & Strong. The reason they want a big batch is because it costs about $100 for Hoover & Strong to even take the gold. They then melt it down, and refine it through a number of processes and then pay the original person a percentage of the price the raw gold is worth. nodetrel