Gold comes in many forms, including coins, bars and rounds. But it is also possible to buy and sell gold dust, as long as you know the right tips and techniques, which are highlighted below.

How Gold Is Traded On International Markets

Most of the gold which is sold on the international market has a minimum purity of 99.5 percent. Although it may be sold in different weights the purity should largely be the same. Gold goes through three production stages, which are excavation, then smelting and finally refining. Geologists state that this precious metal is the result of neutron star collisions which occurred eons ago.

However, it must be noted that there is no global spot price for gold dust. It first has to be processed and then fully refined to a purity which is a minimum of 99.5 percent. Those that mine gold should never offer it to the market for sale until this has been done.

What Is Gold Dust?

Gold dust is basically gold in its powdered form. Although it can appear naturally, the majority of golden dust is discovered in ore. It is also known as gold concentrate or golden nuggets, and is a variation of gold which will usually be unprocessed and of lower purity. It is discovered while mining or panning and will usually appear in the form of flakes or miniature nuggets.

Buying And Selling Gold Dust

The best way to buy or sell gold dust is to first contact a firm which may assay or test it. If the gold needs to be refined, they can do this on your behalf. Thanks to the internet, it is easy to sell gold dust both locally and internationally, but there are a number of things you should keep in mind.

First, determine the current gold market prices. The price for refined gold (which includes investment coins and bullion) and gold which is unrefined will change on a daily basis. Getting your dust tested (assayed) is critically important as it will determine if it is authentic as well as the purity level. Few buyers will purchase gold dust until they receive an authorized assay report.

There are a number of dealers who are willing to buy golden dust, and they might also know assay services that can test and refine it. Getting both done simultaneously is the wisest course of action, as it keeps things simple and cost effective. However, in most cases you won’t receive the price per each ounce since the buyer must account for the refining fees. A reputable buyer will always give you prices which are fair particularly if you’ve already received quotes from multiple parties.  Whether you intend to buy or sell it is important to maintain accurate records of every transaction, as any gold you sell might need to be reported for tax purposes.