I. Inventory recovery
Banks have always been an investment institution trusted by ordinary people, and so has gold recovery. However, it should be noted that not every bank supports the recovery of gold, and even if it does, there are many restrictions.
Taking ICBC as an example, ICBC supports gold recovery, and the recovery price is determined by referring to the real-time transaction price of the Shanghai Gold Exchange contract, minus a certain price difference.
Recoverable gold generally includes three categories: one is the physical gold products sold or sold by ICBC itself; One is investment gold bars issued by other commercial banks and gold enterprises designated by ICBC; There is also a category of other physical gold products with a gold content of 99%.
Second, the brand gold shop
Many gold shops only sell gold without recycling, such as Leofoo. There are also some brand gold shops that support the recycling of gold, and the recycling cost is not high, but generally only their own brands of gold are recycled. If you want to recycle gold through brand gold shops, you'd better keep the relevant vouchers at the time of purchase.
Third, gold recycling companies.
There are many private companies specializing in precious metal recycling, and even have opened the function of online gold recycling. However, such companies are mixed, and their qualifications are mixed. Inexperienced investors are easily deceived.
On the whole, if investors buy gold for investment purposes, it is recommended to buy investment gold with simple technology, such as gold bars. Investing in gold is easier to preserve value than gold jewelry.
The above content about where to recycle gold, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.