My Silver Accumulation : 3 Methods To Sell Your Silver

My Silver Accumulation : 3 Methods To Sell Your Silver

  1. As a member of Bullionx.my, you can post your silver for sales in the Bullion Exchange, and you handle the sales transaction personally without paying any sales commission. Sales limited to online.
  2. As member of Bullion Brokers:
    1. You can post your silver for sales in Bullion Brokers and all other members will help you sell, and a 5% sales commission will be levied on your sales.
    2. Sales not limited to online , and extend to offline within the circles of friends and relatives of each and every members of Bullion Brokers.
    3. You can help sell all items posted in Bullion Brokers and earn a sales commission of 3% without any cost and risk.
  3. You can sell back your silver to Bullion Buyback at Spot Price based on mint-conditioned silver. Less than mint-conditioned, the silver will be bought back at 1%-5% below Spot Price. Buyback service fee of 1% will be levied on the silver Buyback. Estimated discount from market is 13.7%.

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4 thoughts on “My Silver Accumulation : 3 Methods To Sell Your Silver

  1. “You can sell back your silver to Bullion Buyback at Spot Price based on mint-conditioned silver. Less than mint-conditioned, the silver will be bought back at 1%-5% below Spot Price. Buyback service fee of 1% will be levied on the silver Buyback. Estimated discount from market is 13.7%”.

    – What does it mean “Estimated discount from market is13.7%”? Does it mean the buy back spread will be less 13.7% from the spot price of the market ? Example current market is RM100 per gram, buy back will be RM86.3 per gram ?

    • Estimated is 13.7% because silver price will fluctuate. Using your example, if silver price remain static (RM100) between your buy and sell period then yes it will be RM86.30. The fact is silver price hardly remain unchanged. If you buy today for RM100, by the time you want to sell, it might be reaching RM150? Or RM90? you need to minus off 13.7% base on the most recent market price and not the price you buy at. So if you want to sell when the price for each oz reached RM150, you will be selling back at RM129.45

      • Hi Daniel,

        What does it mean by less than mint-conditioned?
        “Less than mint-conditioned, the silver will be bought back at 1%-5% below Spot Price. Buyback service fee of 1% will be levied on the silver Buyback. Estimated discount from market is 13.7%”.
        Does it mean the buy back for a less than mint-conditioned price is spot price – 1% to 5%(spot price) – 1% service fee – 13.7% ?

        • Hi Loo,

          Less than mint-conditioned means the condition of the silver no longer looks like when you first purchase the silver. For example, having milk spot on the surface.

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