ABC BULLION

Precious metal prices have been on a major bull run for the last two decades, with gold in particular rising from less than AUD $500 to more than AUD $3,000 per troy ounce (oz) in early 2023. This price surge, and the economic factors that have driven it, have seen an explosion in demand for physical gold and silver, with tens of thousands of Australians now sitting on substantial profits due to their astute purchasing of these metals in the past. And while demand for  precious metals  continues to grow, with more and more investors adding gold and silver to their portfolio everyday, it’s understandable that some of the earlier investors in precious metals are looking to reduce their holdings. In discussions with clients at ABC Bullion, those that have been selling have typically been doing one of four things with the money: Fund a house deposit Reducing debt with many paying down and some eliminating their mortgage Paying unplanned bills and expenses, or helping out a family ...