All GBA Stores will be CLOSED from the 22nd of December 2023 and will REOPEN on the 15th of January 2024
Last day of shipping will be Thursday the 14th of December 2023
Shipping will resume on the 22nd of January 2024 GBA Miami will be closing early on Friday the 8th of December at 3pm
Gold Bullion Australia offer wholesale gold & silver prices to approved traders.
Gold Bullion Australia offers wholesale gold & silver prices to dealers who have a proven trade history and turnover. If you can demonstrate your legitimacy we can offer you our wholesale services. Please complete the enquiry form below and submit it for review. We’ll be in touch as soon as possible.
Competitive or wholesale pricing – is there really a difference??
The definitions of these terms are quite different, but in many cases the net result for a customer can be the same. Everyone wants the best price possible for their purchase, so there are some points to consider to ensure you purchase competitively. Investors familiar with the physical gold and silver market are aware that the over spot premiums paid will vary from product to product. This can be attributed to a number of factors including:
As with many products, the larger the item, the lower the percentage of costs involved in its trade. It takes 32 times the effort to produce 1kilo of gold in 1oz bars as it does to produce a single 1kg bar.
Cast products have much lower production costs than minted bars or coins. Although they are very attractive, consider how much extra the fine detail, precise production and elegant packaging is adding to your purchase. Also consider whether you are likely to recoup this extra cost when you sell. In most instances, a cast product is completely appropriate and can be a smarter way to purchase.
Consider how many times an item has to change hands before it arrives at its destination and also how much it will cost to transport. Buying Australian product over imported items can represent savings that can really add up.
Public trading office: 1 Avalon Parade, Cnr of Paradise Ave, Miami QLD 4220
How are the live prices set and what is a spot price?
Gold and silver prices are based in USD ( the current world reserve currency) and the spot price is the paper share price that the metals are traded for globally. Spot prices must be converted into local currency and premiums added to cover manufacturing and distribution costs.
Are my prices locked in when I place my order?
Yes – once you have completed the purchase process and confirmed your order, the prices are locked and your order becomes a legally binding contact. You will receive an email confirming your purchase with all the information you will need to make your payment.
Orders placed this way will be confirmed via an emailed contract. Once accepted, this becomes legally binding.
Can I have my precious metals stored or choose to take them with me?
Either – the choice is entirely yours.
Making sure you have a secure place to store your purchases is very important – treat your bullion as if it were cash. If you do not wish to assume the risk of storing it yourself, GBA has a fully custodial, custom built vaulting facility at Gold Bullion Australia Treasury Reserve (GBATR). We can arrange for the automatic vaulting of your bullion purchase within a high security facility so you can buy and store your bullion with confidence, assured that your investment is safely secured, and fully insured at all times.
There are different storage options available with varied cost structures, so please contact us if you would like to discuss your options.
You can access all details of your investment including valuation, transactions and holdings via our Metal Account Statements.
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