hi there everyone this is Joe and
Michael from bullion now bullion now
calm a you selling you the best bullion
bars and coins shipped to you worldwide
from Melbourne Australia here today
we're going to talk you about talk to
you about our buyback policy and how we
pay 100 percent of spot price which we
think is very much the best deal in all
of Australia if not the world you can't
guarantee that but I definitely know
it's best in all of Australia as of
today's date and time so let's talk
about why we can pay 100% of spot how
people can get 100% of spot price what
it is and we'll just basically talk
about our buyback policy and go into a
few more of their specifics so I guess
the first question were when someone
comes in to us and says hey I've got
this kilogram of silver how much do you
pay and we say we pay a hundred percent
a spot they go how in blazes can you do
that or why do you do that when every
other dealer I go to will charge a
percentage below so let's try and answer
that question first well we do it
because we can and we believe it's the
right thing to do yeah the worldwide
market based out of the London Metal
Exchange pay spot there is a bid and ask
price and everyone else gets it all the
big boys get it so why shouldn't you get
it why shouldn't it be spot why should
you be penalized because you're a
smaller investor a collector we believe
that it's worth worth at least spot yeah
so that's why that's the main reason we
offer spot and it's it's a genuine spot
it's not a made-up spot if you go to
some of the other places they will use a
certain spot that is artificially either
deflated or inflated depending on which
way they want to go about it so to
interrupt for two seconds just for the
real layman out there when we use the
word spot we're referring to the market
price of the metals so if you ever hear
anyone saying spot price spot price this
spot price that that just means we're
looking at the charts at that time that
you're in the store and that's just the
market price so spot price means markup
or share price or she'll get even share
price yes I put that perspective yes so
you can look up your price of BHP on the
Australian Stock Exchange now you can
look up your price of your silver per
kilo on London Metal Exchange or the one
that that's generally accepted his kit
code kit cocom and that's that you can
tell even before you contact us you can
look up on your computer
KidCo calm and you can see what price
that we will offer you when you contact
us when you bring your bar in in
Australian dollars you need to look at
it in Australian dollars but yet that is
the price we will honor is the kit code
in price it's easier when it's sitting
in front of you we will honor the kit
code bid price at that time we're not
when we will be doing the transaction
fantastic so it sounds like not that I'm
saying that all other bullion dealers
are shady of it not not by any means but
it does suggest that they charge a
percentage below spot price so 97% of
market price right because they can or
they may be they think they can get away
with it for example not them Xing I'm
not saying everyone else is shady or
anything but it is a choice it's not
because it's pure market forces and
economic reasons and all that sort of
stuff and look to be honest explain the
market's expectation yes
customers expect customers are shocked
that we pay spot because they expect to
get 97% 98% so you know in some way the
dealers have said well that's what
everyone expects so this will pay well
where we're raising the bar we are we're
raising the spot price absolutely yeah
one way we're raising a two spot price
okay so that answers that we pay 100% so
if for example again you walk in with a
silver kilo bar I'm looking at the spot
price the market price of steel silver
kilograms at the time you're in the
store and I pay you exactly that amount
not a percentage below that again best
deal in Australia probably as of right
now wild guess but I reckon one of if
not the best
deal in the world currently the great
thing about us as well is my
understanding is you don't have to be in
the store to sell your metal to us so
can you explain quickly what that means
so you just need to be able to get the
metal to us so if you're in another
state another town even another country
if you can ship that metal to us you
know we'll run it through our air tests
so XRF all that sort of stuff and
assuming it all comes up to speak we
will pay you
there's the spot price so whether you're
in the States here in the UK you're in
Ballarat you're in Roma you're in
Kalgoorlie it doesn't matter where you
are right you can give it to us and
we're happy to lock in the spot price so
if you contact me right now and spot is
using Joe's examples eighteen hundred
and fifty dollars an ounce we can lock
it in with that and so long as you get
that the middle to me within the next
few days I'm happy to honor that price
even if it drops so we will honor that
price well as soon as it gets here we'll
test it and we will send you out the
money we will aft the money to you
straight away right second question
which I've heard quite a lot is well why
would I go to a bullion dealer in the
first place why go to a bullion dealer
who even us who are paying the best
price in Australia probably the world
100 percent of spot price why come to a
bullion dealer when you know I know I
can sell it on eBay I can sell it on
gumtree which is like Craigslist in
Australia Craigslist is in the US so you
know private forums privately just
individuals meeting them in a back alley
or a cafe or other so net and where I
know I can get more than 100 percent of
spot price and get spot plus you know
whatever percentage why come to a
boolean deal or any boolean dealer for
that matter why come to someone like us
there's a couple reasons one is it's
easy so you roll in any bullion deal and
they will pay you cash or electronic
funds transferred that will pay you on
the spot when you bring your your kilo
bar of silver in or your aunt's of gold
whatever you transact them so it's
really simple
you don't have to wait around on the
phone or any of those things it's also
it's a known quantity you know who we
so there's a security issue there you're
not meeting down back alleys you're not
meeting in McDonald's or any of those
things and I'm quite often surprised at
the number of people that we we talk to
where they've been separated from their
cash and there are the precious metal
because they've agreed to do a deal on
the side so there's a security issue we
have cameras here where it license to
all that sort of stuff
we've regulated so you've got that
assurity and all we ask for is you do
need to show an ID which we do take a
copy off you know all honesty but that
daddy's kept here and he's not showing
to anyone we're not compelled to show up
to anyone it's we just we need a copy of
an other valid I do so passport driver's
license then that government-issued
photo ID yeah okay and for example we I
get asked a lot oh well you know what if
the ATO calls you
yeah that's ATO for people watching this
outside of Australia is the Australian
Tax Office what if the tax people call
do you have to give my ID and say this
person you know bought this amount on
this day no notice sold sold sold or
bought or whatever yeah not at all
so again just kept here on purpose it's
under lock and key it's not shown to
anyone so that's those first two
questions
hundred percent of spot why we can do it
how we can do it cetera and so yeah
there's also the other reason the other
big reason other is that you're not
limited to quantities quite often we see
people say oh well you know I'm quite
happy to take one ounce or you know one
one kilo of silver but I can't buy more
so now you're dealing with three four
five six seven times the number of
people that you would be again
increasing a hassle and be security and
risk so whereas you can come in here and
you can unload it honest we've we've had
customers come in before and sell 20 30
ounces of gold to us you know in one day
because we at the time we have the
availability we have the ability to be
able to do that now the next thing we
need to talk about is the various
conditions that we have in order for you
to
sell gold silver etc at 100% of spot
price so let's talk about gold to start
off with that's the maximum amount that
someone can bring in at any one time and
they can still get a hundred percent of
stuff okay so you can bring in a maximum
on a day of 10 ounces of gold okay okay
now what do you mean by chances got so
for example if so here's here's a one
ounce bar of gold I won't get too much
closer because it's a little one ounce
yet little caste bar of gold if I have
ten one ounce caste bars of gold will
you pay me spa price I will 100% 100% of
spots okay if I have say one 10 ounce
bar so not ten times one ounce bars but
one bigger 10 ounce bar of gold will you
still pay me 100 percent that's where we
started the problem okay so anything up
to 5 ounce in single size and say
anything from 1/2 gram bar all the way
through to a 5 ounce bar of gold
yeah we're quite happy to pay spot for
cool because the market they're easy to
move in the market yeah once we go over
the five answers say 10 ounce or the
kilo bar of gold that type of thing
there's not a huge demand so we have a
holding cost either we hold it for a
longer time a longer time until someone
walks in and says look I'd really like a
kilo bar or we have to have it
remanufactured down to a size that the
market is demanding ie the 1 ounce size
is the normal one and again that that
incurs a cost for us so once we go over
that 5 ounce in size that's where we
need to say hey we probably can't honor
the 100 percent of spot we need you to
squeeze it back a little bit now my
understanding is it's not necessarily a
set percentage so if for example I bring
in one 10 ounce bar of gold and I want
to sell it on that date you're going to
not do it for a hundred percent there'll
be a percentage below but that
percentage below is negotiable and it's
really depending on custom and demand on
the day or our inventory what we think
we need so it's not always going to be a
set you know 97 percent or something it
could be slightly higher in some cases
we could possibly even still be back at
spot it's just not guaranteed so for
example if someone comes in selling that
10 ounce bar but we know we've had a
customer coming the day before and say
hey give me a call if you never get new
10 ounce bars in because I want to buy
them like right right away well if
you've brought in a 10 ounce bar would
be like well come on let's just wad will
give you spot you know so really it is
demand and driven but official policy
absolutely 100% we will pay 100% of spot
price again for anything up 10 ounces as
long as it's 5 ounce or small so any
combination so you can bring in a 5
ounce a two and a half yeah a couple of
singles and a half ounce will pay you
spot for that right and I was sure I
would assume let's just say I bring in
30 ounces of one out their answers are 1
ounce buzz what are you gonna do there
so for example if I bring in 30 times
one else bars are you paying a
percentage below spot for all 39 no we
said up to up to 10 ounces okay
we will pay spot for once I got over the
10 ounces so the following ounces okay
we will be will be at every service
taught for the first 10 ounces and then
for the next 20 or be a reduced rate
okay that makes sense to me let's talk
about non bullion gold for a samisen
will stick with gold for a sec we do
also buy back non-abelian gold and what
do we mean by that usually we mean coins
so what we've got here is sovereigns but
Krugerrands Dutch guilders any of those
coins that government issued coins does
have to be in government issued coin in
this case yes I'm gonna answer yes I'm a
stinker it down there but as far as I'm
aware any government issued coin that's
considered the rest of the world
considers in bullion coins it has dog
content I can't just bring in the $2 you
know
let's go until contact yeah so we will
pay again we will pay 100% of spot price
for those gold coins so this is a 22
karat coin so we would pay 100% of a 22
karat
however inclusive of inclusive in
Australia inclusive of GST yeah so to a
customer walking in through the door
that means nothing you get squat yeah
effectively so a business if it's a
business-to-business transactions
slightly different but to an average
customer coming through the door you
bring in a sovereign will pay you spot
including GST you will walk it up with
spot price for the next hundred percent
of spot price excellent let's talk about
silver then it's in case it's basically
the exact same thing except the
quantities other than the sizes are a
little bit different so let's talk about
silver so what's our policy on so they
gave these bad boys 100 percent of spot
price yeah and it's the kit code be
price yeah but can't come the unit that
again keep because again you can look it
up before you even turn up to the shop
or before you even contact us you can
know exactly what we're going to offer
you at the time so you can bring in
anything up to 20 kilos is the maximum
amount daily transaction that's a lot
that's a lot of metal it is a lot of
metal and you can bring it in in any
combination so it down yep
you can come from I've got a one ounce
here but even smaller than one else if
you want it all the way through to and
including 100 ounce bar yeah okay again
the same is with the gold if you go over
the hundred ounce bar you've got a five
kilo bar that heavy man dude who's more
weight so if you bring in a five kilo
bar again if I've got demand for them on
the day I can probably pay spot if I
don't have demand I mean this kilo but
you may have even seen it in previous
videos I've used it a couple of times
it's been kicking your in here for a
couple of weeks now I've got a holding
cost on that and I've got to take that
into account and because we sell it for
so cheap you know spot plus a very small
percentage over it it's not economical
normally for us to pay 100% of spot but
again cuz
the demand if we've got someone who came
in that morning looking for one and you
bring one in that afternoon yeah quite
likely but again just know that is
negotiable
but what we do guarantee again is one
hundred percent of spot price anything
up to twenty kilos as you said no larger
but including but no larger than a
hundred ounce bar again that is I've
worked in you know various dealerships
and stuff and again as I know as of
right now the best deal in all of
Melbourne all of Australia and I think
all of the world again 100% of spot
price with the varying conditions but
those conditions are pretty pretty good
you know it's quite a lot of metal you
can bring in before you start you're
potentially getting less than spot price
and they are the only two conditions
yeah it's just the quantity yeah so less
than ten ounces for the gold in 20 kilos
for silver and the size so the no
greater than five ounce in gold and no
greater than hundred ounce in silver and
we're not going to we're not pulling any
other Swifties or any other cons they
are the only two conditions you meet
those criteria we will pay you 100
percent of the KidCo big price yep and
just like you know these non bullion
gold coins what about someone brought in
what is referred to in the states as
adjunct silver coins they called the
court pre-decimal
period in Australia yes please a better
season Florence
but in Australia like Australian County
we have florins six months through pants
- is snow their copper other copper and
silver pennies so I think it's only
those three okay we've already mentioned
sovereigns as part of the gold yep any
of those types of things yeah and so
we'll pay how much for that size with
the silver with the jug so we have it
depends on the year obviously there's
the fifty percent and a ninety two and a
half percent so depending on materials
so we don't pay a hundred percent of the
silver content of these we can't melt
them down there Australian legal tender
yeah
there's not the demand for them so we
will pay and give inclusive of GST we
pay 85% of the spot price for for the
Prix decimals or the junk silver isn't
call it in the States
yeah and we're quite happy to do that
and sup honor that but we buy them
that's that's the big thing so you've
got a bunch sitting around or you know
someone who has a bunch of sitting
around you can bring them to us and we
will buy them back from you and again
like like the junk silver coins like
your year old quarters and dimes and
Mercury dimes and all that sort of stuff
that has silver content so the pre
whatever it is in American you know
coinage will buy all that stuff as well
any pretty much any coin in the world
which does have you know a recognized
silver content a recognized gold content
we will buy back there and just the only
real Asterix I give with that one is if
you bring me in ten kilos of I'll speak
to Australian customers in this case ten
kilos of pre-decimal and it's unsorted
so it's a mix of the fifty percent and
the ninety two and a half percent here
you're going to get a sorting fee yes
I'm gay it's going to cost me to sit
there or for Jonas it bit yeah I sit
there going one through penny and
looking on what here it is because he's
younger than I am so he's always a bit
he can see what years are the frequent
hour whereas I have to look under under
microscopes yeah well yeah there is that
problem so there is going to be a
sorting fee and I have to be honest with
you I haven't actually sorted out what
that fee is and it probably depends on
how cranky I am on the day that's fine
but look the bulk of our buybacks the
bulk of people coming in to sell back to
us here's your boolean anyway it's very
rarely do that sort of stuff but we're
playing you know we do do it and that's
our policy as of right now now I can't
think of anything else that we need to
let them know unless there's something
that you can think of cool so all you
really need to know is 100 percent of
spot price up to a certain amount and a
certain size we've talked about gold we
talked about silver we've talked about
the security we've talked about the fact
we are the best in Australia as
right now I think again the world all
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ten yeah I like that copy that's it
stay safe and it's goodbye from Jim bye
bye from me
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