Gold:
$3101.41/oz
Silver:
$36.0060/oz
Platinum:
$1,408.66/oz
Last Updated:
25th Oct @ 9:00am
Gold
$3633.52/oz
Silver
$42.97/oz
Price Refresh280

Buy Gold & Silver Bullion FAQs

How can I buy bullion from GSB?

Location:

You can purchase bullion from GSB in person at the GSB Bullion Trading Floor, conveniently situated in the Belmont Retail HUB, just 7 km east of the Perth CBD. Our address is 180 Wright Street Cloverdale WA 6105. 

Note: For security and privacy, you will need to make an appointment. 

Future Options:

In the near future, we will introduce more ways for you to buy bullion through GSB. Once you have a GSB Bullion Trading Account, options will include online purchases and transactions conducted over the telephone.

Buying bullion in Australia is governed by anti-money laundering and counter terrorism financing legislation. However, buying bullion from GSB is very straightforward for the majority of clients: 

  1. Clients that buy less than AUD5,000 of bullion in any 24 hour period. There are no ID requirements and you do not need a Bullion Trading Account. However, you will need to make an appointment. 
 
  1. Clients that buy AUD5,000 or more in any given transaction. These clients will need to set up a ‘Bullion Trading Account”.  In setting up this type of account we are required by law to verify the client which includes independently verifying the identity of individual account holders and beneficial owners in companies and trusts. To do this, you will need to make an appointment. 

The answer to this question depends upon the entity for which you are wanting to open an account. For most people this process is easy. For details of the documents required and the processes undertaken by GSB – See the attached document. 

Clients without a Bullion Trading Account:

In-Store Purchases only – buy limit of AU$4,999

You do not need any ID for this buy. However, you need to book an appointment with us. If you have any queries call us on (08) 6556 8655.

The Process:

  1. Place an Order with GSB.
  2. Written Quote:  The GSB staff member will prepare a written ‘Quote’ which will include a locked-in price that will be valid for the time shown on the quote.  You can then sign and date your acceptance of this quote.
  3. Payment: Make the full payment in our office using one of our payment options. For details of our Payment Options for Buying Bullion, see our FAQ (What are the payment methods when buying bullion from GSB?)
  4. Collection: Bullion is to be collected in-store. This will depend on when payment funds are cleared in the GSB bank account, and whether stock is in our vault or has to be transferred in from the refinery. We will contact you to make arrangements for collection.

Clients with a Bullion Trading Account

In store purchase only at this point in time.  However, this will change in the future.

You need to book an appointment with us and make sure to bring the following documents.

  • Your personal ID document used when you opened your trading account (Drivers Licence, passport or Government issued photo ID card. 

If you have any queries call us on (08) 6556 8655

The Process: 

  1. Place an order with GSB
  2. Written Quote: GSB will prepare a written ‘Quote’ which will include a locked in price that will be valid for the time shown on the quote.  You will need to sign and date your acceptance of the quote.
  3. Payment: Make the full payment in our office using one of our payment options. For details of our Payment Options for Buying Bullion, see our FAQ (What are the payment methods when buying bullion from GSB?)
  4. Collection: Bullion is to be collected in-store. This will depend on when payment funds are cleared in the GSB bank account, and whether stock is in our vault or has to be transferred in from the refinery. We will contact you to make arrangements for collection.

Cash: Up to AU$5,000 per client per day

PayID: The funds must be paid when GSB issues you the invoice. These funds must be transferred from a bank account in the same name as detailed on the invoice. Funds must clear in our bank account before the bullion can be collected. Please note our PayID number is GSB’s ABN number 42668452999. This will allow you to verify that you are transferring funds to the correct account. 

BPAY: The funds must be paid when GSB issues you the invoice. These funds must be transferred from a bank account in the same name as detailed on the invoice. Funds must clear in our bank account before bullion can be collected. Please note our Biller code is 426684.

Credit Card (Visa or Mastercard only): The funds must be paid when GSB issues you the invoice. The cards must be Australian issued cards that are 3D secured and will attract a 1.9% surcharge.

All bullion sold by GSB is not subject to GST.

The ‘Spot Price’ is the wholesale price of bullion and does not take into account the costs of making the metal into bars or coins, storage, transportation, or retailing to the investor.

GSB’s pricing is based on current spot prices in the international markets and is acquired from independent pricing sources that are globally recognised as a provider of precious metal pricing information.

The Primary Market refers to bullion freshly minted and sourced straight from the refinery.

The Secondary Market refers to pre-owned bullion, that is now on the market. These items are priced lower than bullion straight from the refinery, but this does not impact the value of the product as bullion is based purely on the metal content. Bullion is bullion regardless of what market it comes from.

The difference between the sale price and the buy-back price is called the ‘spread’.  These prices are different to allow for different trading and handling costs associated with selling and buying precious metals. Like all traders, Great Southland Bullion makes a small margin on the sale of bullion. 

We understand that every time you visit us, we are dealing with items that are of great value to you. Therefore, we consider your security and privacy of the utmost importance. It is for this reason that we are an appointment only venue. 

For security and privacy reasons
we are an appointment only venue.
If you need any assistance, call us on (08) 6556 8655

GSB Price Estimator

Calculate an estimate of what you may be paid when selling your jewellery & scrap precious metal to GSB
MetalPurity

Wt (grams)

(See Note 2)

Est. Price

(See Note 1)
Total Estimate:

$0.00

Note - The above figures are estimates only for the following reasons:
1. The price of gold and silver changes throughout each day.
2. No allowance has been made for stones and non gold or silver content in the above weights

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