Can I sell bullion I already own to Guernsey-Gold?
We will only buy gold from you if you are a verified customer who has satisfied our due diligence requirements. We will only buy top quality bullion that has been personally transported to Guernsey so that we can check the bullion itself and the customer’s photographic identity, utility bill and bank statement to ensure they match those submitted on registration.
Once the quality is confirmed and a price is agreed the funds will be transferred net of bank or other charges incurred in processing the transaction. Please note that we can only purchase bullion with an original certificate and evidence of a receipt. We cannot under any circumstances pay money to a third party or bank account different to that presented at registration. We will give you a receipt to confirm the type, quantity and identification of the bullion we have bought from you.
Can I sell bullion held in storage?
Yes, for bullion that is held at the independent storage company, no quality test is required. Once a price is agreed we will sell the gold on your behalf straight away. However, the funds will only be released once you have signed a release document and sent it back to us. There will be a second signed copy for your retention. This is a security measure to ensure that electronic instructions are backed up by a letter to and from your verified address.
We will transfer funds back to the bank account from where the money originally arrived. This should match the bank account given at registration.
What price can I expect for selling my bullion?
We aim to buy your bullion for at least 2.5% below the market price but if demand is high we can improve on that and give you closer to the market price.