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Gold: $1,126.00 / Oz
Bid/Ask: $1125.00 / $1126.00
Silver: $17.41 / Oz
Last update: 03.09.2010 - 21:31:11 (6 minutes ago) |
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| FAQs |
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Why can Bullion Trading LLC.com sell gold cheaper than my local dealer?
First of all the owners of Bullion Trading LLC. Have been in the gold business for more then 35 years. We have already been selling to wholesalers & dealers for many years. We have been selling to then at lower rates then these and are profitable at that. WE still have the wholesale business so this is not the only venue for us. We are also not keeping in stock those items that do not move much.
The owners of Bullion Traders have been in the industry for over three decades. Such experience and the knowledge that comes with it allows us to do business more efficiently. Furthermore, those local dealers are likely getting their gold from businesses such as ours. Thus, they are marking it up to make a profit.
How is my gold order filled?
Every day, we buy and sell hundreds of ozt of gold and silver. Your order is part of a stream of sales where new gold is brought in and shipped out each day. Your order is taken and filled at rates based on the current spot price at the time you phone us with your order. Your order is then shipped three business days after your bank wire is received, or 15 business days after receipt of your check. Each package we send out is double-counted and weighed before going to the Post Office. The package you receive will be totally inconspicuous with not so much as a company marking on the plain brown box.
How do you ship gold coins ?
We only ship orders via Registered, Insured U.S. Mail, which takes 3 - 7 business days. For the safety of your gold, we will only ship to your street address - not to a PO Box or 3rd party address.
Which payment methods do you accept?
We can accept payment by check or electronic funds transfer (bank wire). Please note: The bank wire must be from the same person who made the order, and who we are shipping to.
How big can the order be, and how long will it take to ship, if I pay by check?
Yes, we can accept payment on confirmed orders up to $50,000 with your personal check. Your order will ship fifteen (15) days after we receive your check. When your check arrives, we will send you an email (or contact you by phone, if you prefer) confirming our receipt of your check, and the shipping date for your order.
Will I receive my order more quickly if I wire my payment?
Yes, you can receive your gold order much more quickly by sending us full payment via an electronic funds transfer (wire). Because this method is instaneous, your gold will usually be shipped within three (3) business days. Additionally, we will refund any fee your financial institution charges you for using this payment method if your order is more than $20,000.
When is the price locked in?
Because your order is a commitment to buy at a certain price, we commit to sell at the price. As such, your price is locked in as soon as you place your order, regardless of subsequent market fluctuations. Once you place your order, we take a market position based on your order and commit to delivery.
How much time do I have to pay for my order?
Your funds must be wired or your check mailed within 24 hours of placing your order.
Are there any hidden charges, fees or commissions?
Absolutely not. Our brokerage fee and shipping & handling fees are already integrated into your final quoted price. You will see these fees itemized on each invoice. The final price you are quoted on the invoice is the price that you confirm and will pay.
Are transactions reported?
No. Reports are not required for any wire or check transactions.
Do I have to pay taxes when I sell?
Any capital gains/losses should be reported on your tax return.
What if I don't send payment?
If payment is not received in a timely fashion (postmarked in 24 hours, received in 5 days), your order will be offset with an identical buy. This means we will repurchase your items from you at our then current buy price. You will be required to pay any remaining balance as a result of market losses. However, you will not be entitled to any proceeds from market gains. We encourage you to carefully and completely read our Terms and Policies section.
Is there a return policy?
Generally speaking, all sales are final. However, if you find that there is something wrong with your order when you receive it, please call us within three days, and we will do our best to address your concerns. We encourage you to carefully and completely read our Terms and Policies section.
Are the coins you sell actually in stock?
Yes. Our policy is that we do not offer to sell any gold that we cannot ship immediately. Rest assured, our physical inventory is substantial, and we carry the bullion in various forms.
Can I sell gold to you?
Yes. We are in the market for gold bullion in all forms at all times. We have decades of experience in the industry, and are able to offer you the most competitive of prices for your gold bullion. In fact, our buy prices are generally 1% below THE CURRENT GOLD prices. You can find our buy prices on this Web site for the most frequently traded forms of gold coins and bullion. Note: The coins we receive must be contained in original mint packaging and/or meet our high standards.
Do you buy gold back at the same price you sell it?
No, because - like stocks - there is always a spread (difference) between the bid (sale) and ask (purchase) price for gold. However, Bullion Trading LLC's purpose is to provide the narrowest spread possible for the gold-buying public.
Will you buy back my gold if the price goes way up?
Absolutely. That is the nature of gold bullion trading. When the "price" of gold goes up, the demand does, too. So, it all scales. At its heart, the gold market is a very simple one. Though it seems that the price of gold changes, it is actually the value of the dollar that changes: specifically, how many of them it takes to purchase an ounce of gold. Gold is the constant element, and paper currency is measured against it.
Will you store my gold for me?
We are currently planning and developing a metal pool account service. It is not yet available, but when it is, it will enable us to hold your gold in the pool account form. For now, however, you should make arrangements for where you will keep your gold before you order it. Though, we may use our discretion and occasionally be able to hold your gold while the arrangements are finalized, it is our policy that we do not store our customers' gold.
Where do you get your gold coins?
The owners of Bullion Trading LLC have been in this business for more than thirty years, and we've always been based in a gold trading capital: the Midtown Manhattan section of the City of New York. Over these years we've made many contacts in the industry. Many of these are coin dealers who are not able to otherwise sell all of their purchases. Knowing us as leaders in the industry, they come to us to sell.
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