1 thought on “Why not recycled the gold bars sold by the bank”

  1. There are mainly the following reasons:
    1, the process is cumbersome, troublesome, and unwilling to recycle. Banks actually have gold bar recycling business, but many bank staff are unwilling to do this work, mainly because there are too many cumbersome processes involved. Banks have their own strict regulations for the recovery of gold bars. For example, only a few types of gold bars can be recycled. Recycling must provide the original purchase documents, invoices, packaging, and not any scratches and damage. It must be sold by your own bank. Gold bars and so on. In the gold bars repurchase exchanges in bank staff and investors, few investors can meet all the conditions set by bank settings at one time. In short, investors are either this is not in line with or that problem. Many staff members are unwilling to do such a hard work.
    2, the recovery cost is too high, it is not cost -effective. It can be said that all bank members can be gold bars sales staff. As long as they can touch the customer's mind, it is easy to make a order, and it is easy to sell commission, so everyone is willing to do this. However, when the selling gold bars are recycled, the troubles come, and this job is not adaptable to everyone. When the gold bar recycling process, the authenticity of the gold bars is required to make a identification, and the identification requires specialized machines and equipment and professional talents. If the cost of the equipment appraisal for each business outlet is too high, and the price of the gold bar book is not low. As a profit agency, the profit is the purpose. It is cost -effective, banks are naturally reluctant to do it.
    3, it is easy to cause disputes and cause customers to lose. Those who sell physical gold should be touched. When they bought gold at first, they were to make an investment. They saw the gold -added part of the income. Every time they went to the gold jewelry store to consult the gold recovery price, they would always be compared to electricity. The price of gold in the store is 15%-25%lower, and the same is true for banks. Not only that, when the bank recycled the gold bars, even if the recovery price is the same as the market gold price in the same period, it is necessary to charge the authenticity of the authenticity of the gold bars and the bank procedure cost. These expenses are not a small number together. Many people who buy gold bars in the bank are older uncle and aunts. They do not agree with the bank's approach. Not only do they not agree, they will severely criticize the bank's approach. Why do banks do their own identification and collect customer service fees and handling fees, etc., which can easily cause customers to dissatisfy and make customers loss.
    The expansion information:
    Therefore, investors have always wanted to sell the gold bars in their hands, even the products purchased in a bank, usually do not think of bank recycling. There are generally three choices for sale. Path:

    Prefer to sell to your relatives and friends.

    The people rushed to use money, and they would take out the gold bars at home to exchange for cash. In this case of being helpless to sell gold bars, the relatives and friends around them are actually a good choice. This is a bit like a pawn. Once I have a generous hand, they can redeem my beloved gold bars. Many intermediate costs.

    Secondly, get the golden shop exchange.

    It gold and silver jewelry gold shops to exchange into cash is the most commonly used way, but this exchange price is generally low, and some handling fees will be deducted. If the price of gold does not change much, investors usually investors usually investors Not only do you not make money or lose money.

    Finally, handle it through online financial institutions.

    This to sell gold bars is not only a way of online physical stores. More and more financial institutions have begun to start this business. For example, you can choose a certain treasure and Jing.

    is still a very good place for online repurchase. The price it can give is higher than the golden shop. Of course, we must keep cautious when the gold bar is repurchased and choose a trusted big brand to do it.

    In short, it is very common that banks like to sell gold and do not like to repurchase, but we do n’t have to worry about it. Some of them are the market and do n’t need to worry about it.

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