Precious metals explained – for Canberra buyers and sellers

Gold is arguably the most famous precious metal in the world. Gold is used in jewellery, coins, medals, electronics, aerospace, dentistry and medicine. Although gold is a fairly soft metal, it’s revered for its lustre, malleability, ability to conduct electricity and rarity. Gold also mixes well with other metals (to produce alloys) and doesn’t tarnish.

Historically, gold has tended to hold its value – particularly during times of economic crisis and political upheaval. Many gold buyers in Canberra acquire their gold in the form of bullion or coins – an area that Sell Any Gold specialises in. Sell Any Gold can also assist people looking to sell gold in Canberra (we consider gold ranging from 9 to 24 carats).

Although less expensive, silver is just as famous and sought-after as gold. Silver is used in coins, silverware, jewellery, medals, mirrors, medicine, electronics, batteries and photography. Like gold, silver is a fairly soft metal that is hardened by mixing it with other metals (made into an alloy). In addition, silver is highly reflective and has high electrical and thermal conductivity.

The price of silver tends to be more volatile than the price of gold – due to a smaller trading market. As a local precious metal dealer, Sell Any Gold sells and buys quality silver in Canberra. We sell silver coins and bullion, as well as buy items made from sterling silver and fine silver. If you have a silver necklace, bracelet or chain that’s beyond repair, please call us for a valuation before you throw it away.

Platinum is a rare heavy metal that belongs to a group of metallic elements called the platinum-group metals (PGMs). The other PGMs are palladium, rhodium, ruthenium, iridium and osmium. Platinum is used in jewellery, electronics, electrical contacts, medical devices, dental equipment and catalytic converters. Platinum is the third most-traded precious metal in the world (after gold and silver). Sell Any Gold buys unwanted platinum coins, bars, ingots and jewellery.*

* Subject to our inspection and acceptance of the goods

Palladium is a shiny, silvery-white metal that’s found in only a handful of countries, including Russia, South Africa, Canada, the United States and Australia. Of all the platinum-group metals (PGMs), palladium has the lowest density and melting point. Palladium is used in jewellery, watch making, electronics, hydrogen fuel cells, dentistry, surgical instruments and catalytic converters. Palladium is commonly alloyed with gold to produce white gold.

For further information on buying gold or silver in Canberra, or to sell unwanted gold, silver, platinum and palladium, please contact us.