Sydney Gold Traders

Thought provoking for those of us who want to better understand our environmental impact

Barry FitzGerald: Bitcoin or gold? The battle for your green dollar is just beginning - Stockhead One of the factors behind the recent strength in the price of “old’’ gold has been the attack by Elon Musk on the environmental credentials of Bitcoin.

SGT will be closed for Easter from 2-5/4/21 inclusive. We be back at 10am on Tuesday 6/4.
Stay safe and have a Happy Easter

COVID Safe Check-in | Service NSW To check in, use the Service NSW mobile app or enter your contact details into a webform. Webform To use the app: Scan the QR code with your phone camera – the app's check-in page will automatically open. Enter your contact details. Add dependants (if applicable). Select ‘Check in’. A confirma...

WE ARE OPEN
Many of our clients visit us for 15 minutes or more
So for your safety it is a requirement for you to:
- wear a face mask,
- check in using the Service NSW app and,
- socially distance
whilst in our shop.
Thank you for helping us stop the spread

We will be closing for a short Christmas break from 5pm on the 24/12 and reopening at 10am on Monday the 4/1.

Wishing you a safe and happy holiday season

Leigh

WE ARE OPEN

Sydney Gold Traders is committed to helping people so we will remain open for as long as possible.
Our office has been rearranged to comply with social distancing requirements so that everyone can be as safe as possible. We ask that you help us out by complying with these.
We are also offering a postal service. If you wish to use this method or know more about it please call us on 02 9231 2535. There is also information on our website

Posting to us - Sydney Gold Traders Having a conversation helps us to work out together if posting your items in for evaluation is a good idea. We will talk you though the procedure e.g. what to do, what to expect and time frames for processing etc

I'm a huge fan of Marie Kondo, and is such great advice for this time of year!

What to Do With Gifts That Don't Spark Joy – KonMari 'Tis the season of giving – and receiving. But what should you do with presents you don't love? Marie shares her three rules for making the most of every gift.

Christmas Opening Hours
We're only closing for the public holidays this year so:
- Christmas Day 25/12
- Box Day 26/12
- New Years Day 1/1
Otherwise we will be open for our regular trading hours to help you recycle your unwanted jewellery
Wishing you all a safe and happy holidays 🍾☃️

FAKE GOLD BULLION
Here's a couple of pics of some bars that have just been brought into the shop. These bars are mostly copper and nickel. The packaging is very similar to the mint's actual packaging, and the colour of the metal is quite close to that of 24k gold. But the bars are a noticeably thinker to the trained eye and they weigh less than the specified 1oz.
Sadly this is an ongoing problem in the industry. Thankfully it is easy to avoid being stung-
- only buy from a reputable source
- if the deal sounds too good to be true.... it is! It's that simple.
Both The Perth Mint and Argor-Heraeus are producers of world class bullion products. Don't let this put you off buying their genuine bars from a reputable dealer.
Found your own gold frauds/scams - let us know and we'll post them.

Gold Purity
There are 2 common ways that the purity of gold jewellery is stamped on a piece. Either by stating its purity in carats e.g. 9k, 9ct, 18. Or stamping the purity in parts per thousand e.g. 375, 750 etc. Occasionally a jeweller gets enthusiastic and puts both types of stamps on the same piece!
So what does this mean for you and why should you care?
Well, in part, what you pay for a piece is determined by how much gold is in it. And if the time ever comes for you to recycle it, unless it is a rare item, the money you receive for an item may be wholly determined by the gold content. So its worth having a basic understanding of what these stamps mean.
Carats - for gold, is a measure of purity, 24 carat being pure gold. Other stamps indicate how many parts in 24 are gold. For example 9ct is 9/24ths gold or 37.5%. 18ct is 18/24ths gold or 75%.
Parts per 1000 are exactly that - 375 is 375/1000 or 37.5% or, as you now know 9ct.
So if your 9ct gold is actually only 37.5% gold what's the rest? You'll have to wait for the next post😊

Welcome to the Sydney Gold Traders (SGT) page. First let me introduce myself. My name is Leigh Prosser, in 2011, after 12 years in banking, I took the offer of a career change and started in the wholesale second-hand precious metals industry. Meaning that I specialize in buying gold, silver, platinum and palladium from business including Jewellers and Second-hand Dealers. A bit over a year ago I took on the additional challenge of managing SGT. This is when I started dealing directly with members of the public who wished to sell their metal.

Many conversations with the people, i.e. non-expert gold sellers, over this past year have shown me that there is still a lot of mystery and confusion surrounding precious metals. It’s my aim that this series of posts will help people to understand
• What it is they currently own
• Make more informed purchase choices
• Be confident in selling metal (jewellery, coins, bullion etc) that the no longer want

I plan to post every week on various aspects of the industry, covering off on many of the questions that people ask when they come in to sell their gold. However, if you have a general question please send it to me and I will try to post the answer to the page asap.

Easter is fast approaching so here are our hours.
It's business as usual until 5pm on Thursday 29/3. Then we'll be closed until 10am on Tuesday 03/04. So..
Good Friday - Closed
Easter Saturday - Closed
Easter Sunday - Closed
Easter Monday - Closed
The team wishes you a safe and happy long weekend, filled with chocolate and,maybe, a cold beer or 2