Selling gold via GoldRepublic

Do you currently have gold that you purchased through GoldRepublic and that is stored securely in our independent vaults? Then you can sell your gold back to GoldRepublic at any time.

Perhaps because you want to take advantage of a favourable gold price, because you want to free up capital for a new investment, or because you simply need liquidity for another purpose. Whatever your reason, at GoldRepublic you benefit from a buy-back guarantee on gold, silver or platinum purchased through us.

Buyback guarantee on gold purchased through GoldRepublic

Sell your gold at the current international gold price

No hidden costs

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Selling gold through GoldRepublic: how does it work?

At GoldRepublic, you benefit from a buy-back guarantee. This means that you can always sell the gold you have purchased from us back to us at the current gold market price. The process is simple:

Step 01

Step 02

Select the amount of gold you want to sell.

Step 03

Confirm the sale at the current price.

Step 04

After the transaction, you can deposit the amount into your account.

Different types of sales orders

When you sell gold through GoldRepublic, you have the option of setting different types of sell orders.

Market order:
‍With a market order, you sell your gold immediately at the current market price. The transaction is executed immediately at the best available price at that moment. This is the fastest and most direct way to sell your gold.
Limit order:
‍With a limit order, you determine the minimum price at which you want to sell. The order will only be executed once the gold price reaches or exceeds the limit you have entered. This allows you to retain control over the selling price, although it may mean that the order is not executed immediately if the market price has not yet reached your limit.
Order based on amount:
‍You can also set up a sell order for a specific amount of money. The platform will then automatically calculate how much gold needs to be sold at that moment to realise the desired amount, based on the current gold price.
Order based on bar volume:
‍In addition, you can place an order based on a specific volume of gold, for example a number of grams, ounces or specific gold bars. This is particularly useful if you want to sell a specific part of your gold position, regardless of the final proceeds.

Costs of selling gold

Are you selling your gold back to GoldRepublic? You will receive the current bid price for gold. This is slightly below the market price and a 1% transaction fee applies.

What people say about us.

The margin is the difference between the price at which a trader buys gold (purchase price) and the price at which it is sold (selling price).

In addition, the gold price can fluctuate between the time of purchase and resale, which means we also build in an exchange rate risk.

Have you purchased silver and/or platinum through GoldRepublic in addition to gold? The buy-back guarantee also applies to the sale of silver and sale of platinum, provided that you purchased the precious metals through GoldRepublic.

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How is the selling price of gold determined?

The selling price of gold is based on the current gold price on the international markets. This price fluctuates continuously, depending on supply and demand. GoldRepublic uses transparent pricing, so you always receive a fair price for your gold.

There is a difference between the purchase and selling price of gold. This is also known as the 'spread' and is caused by margin and exchange rate risk.

Frequently asked questions

Is buying gold a wise choice?

Buying gold can be a wise choice, especially in times of economic uncertainty or inflation. Historically, gold has retained its value well and offers protection against declining currency purchasing power. In addition, physical gold is a tangible asset that you can keep outside the financial system...

What should I look out for when buying physical gold?

At GoldRepublic, you can buy whole gold bars or become a co-owner of a bar. If you become a co-owner, you pay NO bar reservation fees and you may be allocated anew bar every day. Legally, this makes no difference. You are still the(co-)owner of physical gold. The gold is delivered to you. You still know which bar you own (based on the bar number). Only in the event that, due to extreme circumstances, GoldRepublic is no longer able to provide its services, will you have to agree with the co-owners on what to do with the bar (sell or melt it down). If you reserve your own bar, this is not the case.

Are gold bars exempt from VAT?

Yes, investment gold is exempt from VAT in the United Kingdom and throughout the European Union. This exemption applies to gold bars with a purity of at least99.5% (24 carats). All gold bars you purchase through GoldRepublic must meet these conditions and are therefore exempt from VAT.

Do I have to declare gold as an asset to the tax authorities?

In the Netherlands, you must declare physical gold that you own as assets in box 3 of your tax return. The reference date used for this is 1 January of the tax year for which you are filing your return. This means you declare the value of your gold on 1 January, based on the gold price on that day. However, always check with your tax adviser to see what applies to your personal situation.