Selling gold

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All about selling gold

Can I still buy or sell gold and metals?

Fewer and fewer professionals are active in the gold and metals sector. However, trustworthy and professional players such as GFI LUXEMBOURG SA have stepped in to ensure that customers can continue to buy and sell investment gold and metals.

It is perfectly legal to buy and sell investment gold and metals. However, you should be aware that regulations are becoming stricter every year. It is essential to ensure the traceability of your gold and metals by keeping certificates and proof of ownership to combat money laundering and fraud.

When to sell gold

If you want to sell your physical gold, it is a good idea to track the gold price trend to choose the best time to sell – getting yourself the best price and optimising your returns. Our website displays the latest live gold prices for gold coins and bullion. These are indicative prices since the price is constantly moving. However, you should take into account the many internal and external factors that influence the price of gold over both the short and long term. Gold bullion and coins are valued in different ways. 

Where and how to sell gold in Luxembourg?

In Luxembourg, there are a few other establishments that specialise in the buying and selling of gold, but we are unique. You may visit our office, be professionally adviced and hand over your gold coins or bullion for appraisal. You may as well enquire for information online or over the phone. The price of your gold coins or bullion will be evaluated based on different factors (like quality, LBMA-certified bullion or other bullion, such as French, Belgian and Emeko). For gold bullion that is not certified by the LBMA, GFI reserves the right to apply a slight discount to the displayed price to cover costs such as smelting.
For advice and information, contact the specialists at GFI.

What costs are charged on selling gold in Luxembourg?

There are no taxes or duties payable when you sell gold in Luxembourg. The prices we display on our website include a premium and are completely transparent. They do change every minute in accordance with the offical gold price and are given for information purposes. At GFI, there are no hidden charges, everything is included in the prices displayed.

How to quickly sell gold?

Thanks to our guaranteed, audited and highly secure deposit service  GFI SAFE, operated in collaboration with Brink’s, you can quickly sell your gold. This service lets you store your gold with us and outside the banking sector. The service is available to our customers as well as anyone else who can prove they bought the gold or have ownership over it. We charge on a sliding scale according to the amount of gold stored with us.

 

Another advantage is that you can sell your physical gold easily without having to move anywhere. You can check your gold holdings and easily manage all your (buy/sell) transactions from our online platform. The agreed sale price is paid to you on the same day.