Selling silver via GoldRepublic

Have you purchased silver through GoldRepublic? Then you can sell it back to us at any time.

There are various reasons why you might want to do this. Perhaps you want to take profit after a rise in the price of silver. Or you expect the price to fall in the short term and you choose to create temporary liquidity. It may also be that you want to change the composition of your portfolio and switch between different precious metals.

Whatever your reason, at GoldRepublic you always benefit from a buy-back guarantee on the silver you have purchased through us.

Always a buy-back guarantee on silver purchased through GoldRepublic

Sell directly at the current international silver price

No hidden costs: you know exactly how much you will receive in advance

Open your free account

How does selling silver to GoldRepublic work?

Selling silver at GoldRepublic is simple and completely transparent. Thanks to our buyback guarantee, you can always sell the silver you purchased from us at the current silver market price.

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 orders

When you sell silver through GoldRepublic, you have the option of placing different types of orders.

Market order: With a market order, you sell your silver immediately at the current market price. This means that the transaction is executed immediately at the best available price at that moment. This is the fastest and most direct way to sell your silver.
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 silver price reaches or exceeds the limit you have entered. This allows you to remain in control, but it may mean that your order will not be executed immediately if the silver market price does not meet your conditions.
Order based on amount: You can choose to set a sell order for a specific amount of money. In that case, the platform automatically calculates how much silver needs to be sold at that moment to realise the specified amount, based on the current silver price.
Order based on bar volume: It is also possible to place an order based on a specific volume of silver, for example a number of kilograms or specific silver bars. This is particularly useful if you want to sell a specific part of your silver position, regardless of the proceeds.

Costs of selling silver

Are you selling your silver back to GoldRepublic? Then you will receive the current silver bid price for it. The bid price is slightly lower than the current market price.

You will also pay 1% transaction costs on your sold silver. This amount will be deducted automatically and the remaining amount will be paid into your GoldRepublic account. You can then (or later) reinvest this in another precious metal via GoldRepublic or simply transfer it back to your bank account.

What people say about us.

How is the selling price of silver determined?

The selling price of silver at GoldRepublic continuously follows the international silver markets. This price fluctuates constantly under the influence of supply and demand. We use completely transparent pricing, so you always receive a fair price.

However, as with gold, there is a difference between the purchase and selling price of silver (bid and ask price).

This difference is called the spread and is caused by the margin applied by suppliers and providers and the market dynamics of supply and demand.

That is why you receive slightly less than the current price when you sell and pay slightly more when you buy.

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

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.