Maximizing Returns: Selling Bullion at Dealer Cost

Maximizing Returns: Selling Bullion at Dealer Cost

Millions of Americans have faced economic challenges recently, forcing many to take measures to supplement their lifestyles. The impact of inflation has been particularly harsh for families nationwide, prompting individuals to reassess their financial portfolios. As costs rise and wages stagnate, precious metals have become one of the first assets considered for extra cash flow.

Current economic statistics reveal a disturbing trend, where 11.3% of income is allocated to food – the highest percentage in the past 30 years. A decline in savings and an increase in delinquency rates have left over 60% of the population living paycheck to paycheck. To make ends meet, millions are resorting to accumulating credit card debt or tapping into pension funds for essential needs.

Selling precious metals in such dire circumstances can be both painful and financially draining. Local sales, while seemingly convenient, come with substantial risks. Individuals attempting to sell locally may face losses ranging from 5% to 15% of the metal’s true market value. Additionally, there’s the inherent danger of theft or other unfortunate incidents before reaching the intended selling facility. To navigate this landscape, thorough research is advised for those considering local sales.

Understanding the dynamics of the bullion market is crucial. The market operates with two primary prices: the Bid Price (what the dealer pays you) and the Ask Price (what you pay when buying). For instance, if the market spot price for silver is $24.00 per ounce, the Market Bid Price may be $23.95, and the Market Ask Price could be $24.05.

Dealers determine their commission based on either the market spot Bid or Ask Price. Selling to a dealer might result in a payment 10% less than the market spot Bid Price, translating to $21.55 per ounce in a given scenario. Conversely, buying silver bullion from a dealer could involve markups of up to 20%, resulting in a cost of $28.86 per ounce.

For those prioritizing privacy, WealthSafe provides an unparalleled service to its customers. When the time comes to sell bullion, we evaluate pricing against the current spot Bid market. We give our clients the option of receiving a convenient email containing a shipping label, that includes the cost of freight and insurance. (Note: shipping labels are an expense paid by the customer and is deducted from the sale)

The process involves securely packing the metals, affixing the shipping label, and dropping off the package at the nearest FedEx or UPS facility. Clients can track their packages directly to our secure vault for processing. The US Postal Service also offers insurance for shipping precious metals as an alternative. Detailed shipping and insurance costs are provided in the Purchase Order (PO), which is emailed upon sharing the tracking code with shipping@WealthSafe.com.

Maximizing Returns: Selling Bullion at Dealer Cost. Members of WealthSafe benefit from wholesale spot Bid pricing when selling, ensuring they receive the maximum value for the metals when they sell. We advise you to consider our seamless and secure process, optimizing returns on your bullion sales with WealthSafe’s comprehensive services.