Melbourne has a long history associated with the shiny precious metal all of us have come to adore over the last 100 years. If it was not for gold, Melbourne would have probably not become the prominent city it is today as it was due to gold that Melbourne started to sparkle and attract the attention of the entire world.
Until this very day, the Melbourne mint is renowned for the quality standards of its bullions, so much so most precious metal dealers never question the bullions that is produced in the Melbourne mint. People often travel all the way to Melbourne just to get into the ‘gold trade’ action as most of the gold buyers in Melbourne offer high prices for gold compared to most other places (Brisbane dealers are also known to offer good prices).
These traders are actually precious metal investors who look at gold as a safe haven to protect their ‘future purchasing power’ as history has thought us over the period of 5,000 years that gold has not lost an ounce of its value… literally. The fact that gold has somewhat retained its value for 5,000 years is a fact that cannot be denied. Australia was founded on gold just like America where gold rushes attracted thousands of people from all over the world trying to seek their fortunes and people still consider gold as the only way to protect their net values indefinitely.
Melbourne gold buyers do not just buy gold, but they also sell gold and the best part about the gold dealers in Melbourne is that they survive and sustain their businesses not by competing with each other, but by being honest and credible as in this particular industry, unlike others, news travels fast, so most of these dealers take their reputations very seriously and offer clients the best prices regardless if they are buying or selling gold.
Having said this, if you are one of those individuals who has been sitting on a big pile of Australian dollars that has been sliding downwards against the US dollar and you are wondering what you can do, the answer is simple, buy gold and keep it instead of paper money. Those who kept gold before the Australian dollar slid downwards have managed to keep the total value of their dollars equivalent to that of the US while those who kept paper money lost close to 20 % of their purchasing power.
So, if you are planning to keep your current purchasing power, the best thing to do would be to head down to Melbourne and visit one of these gold dealers and talk to them!