How to Sell Wisely; Gold Dust

What is Gold Dust? People ask.

Gold dust is the form of gold that is collected by panning for gold or other forms of placer mining and is composed of flakes and occasionally small nuggets.


If you want to sell gold dust, the easiest way to do so is to find a company that can assay (test) and refine the gold. There are several ways to sell gold dust either online or through a local dealer. Whichever method you choose, the steps you need to take are pretty much the same. Caution has to be taken when selling Gold dust. Remember, you can never sell Gold Dust on facebook. I have been a victim of fraud on facebook. People without phone numbers will claim to have Gold Dust or are buying when in actual sense, they just either want to robe you of your money, or swindle you of your Gold Dust. Generally, these people have no knowledge whatsoever of what is involved in Gold marketing or any other form of precious minerals.
Below are the steps you would consider taking to sell your Gold Dust


Instructions

1.
* 1

Find out what the current market prices are for gold. Prices for both refined gold (gold bullion and investment coins) and unrefined gold vary with the commodity price of the metal and can change from day to day.
* 2

Have your gold dust tested (assayed). Assaying determines whether your gold dust is real gold and what the purity is. Buyers will want to see an assay report before purchasing your gold dust.
* 3

Locate a dealer to buy your gold dust. In many cases, assay services also refine precious metals, so you may be able to test and sell gold dust at the same time.
* 4

Sell your gold dust. You will not get a price per ounce equal to the daily spot price of gold because the buyer must allow for the costs of refining the gold dust. However, good buyers will give you fair prices, especially if you get quotes from multiple buyers.
* 5

Maintain careful records of your transactions. When you sell gold in any form and make a profit, you will need to declare it on your tax return.


Above all, buyers are more interested in dealing direct with the trusted person they know and would rarely engage in direct talks with the Seller because this reduces the risk of losing their money to someone they don't know. Buyers generally don't pay people like me. I generally make money from the sellers themselves. Some sellers though are difficult to deal with. They have no clue how much is involved in travelling to meet all these people and remember, not everyone will end up buying. Such Sellers have remained stagnant. If you want to make money, use lose a bit of money. Truthfully speaking, what you end up paying as commission is absolutely nothing compared to what you make.

Also, there are times when a Seller and Buyer start to deal directly and that is the time when the Middle man loses everything. This is business and it is expected. My message, Be careful and prudent in your business.

Above all; ALL THINGS WORK FOR GOOD TO THOSE THAT LOVE AND TRUST THE LORD! God is my Director and I work through him who strengthens me.

By Mweemba Mwiinde