1 thought on “Can I recycle gold and silver for consignment banks”

  1. 1. Gold transactions between individuals are allowed, but prohibiting the recycling of gold business, individuals must recycle gold to apply for permits issued by financial management institutions. 2. The selling bank cannot be recycled gold and can only be sold on behalf of them. The selling bank is an entrusted to sell for the owner of the item as a sales. The two parties signed a related service agreement. According to the agreement, there is no ownership of the item in the selling bank. The selling bank only collects a certain amount of service fee after the item is sold. Do not buy disconnected or on -site lending.
    Gold recycling can be recovered through banks, pawn banks, and small shops. Compared with Dangdang and small shops, banks are relatively high.
    If in the brand gold bars business of commercial banks, most of them have repurchased business, but they mainly invest in gold bars. Investors buy these bank brand gold bars, as long as the gold bar products meet the relevant repurchase conditions, they can be sold to the bank. Of course, different banks have different conditions and prices for the repurchase of gold bars. The prices are mainly linked to the International and Shanghai Gold Exchange, which will change every day.
    For the repurchase of gold varieties, there are not many restrictions on the pawn bank. Regardless of whether the gold bars, the BRICS or the gold necklace, the jewelry will be collected, and the procedures are simple. At the same time, it only needs to be simply detected in the pawn bank, and it does not need to be melted. Investors need to pay attention to the price of each pawn -pawn -pair of gold, and the way to collect interest is different.
    Legal basis: Article 26 of the Measures for the Administration of Poly Polishment shall not operate the following businesses:
    (1) Sales of non -proper items, and old objects acquisition, consignment n (2) Aviation Mortgage business
    (3) Gall funding, absorb deposits, or absorb deposits in disguise
    (4) Issuing credit loans
    (5) Other businesses that have not been approved by the Ministry of Commerce. It can only be sold within the limited amount

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