If I melt down my gold scraps to gold bars who can I sell the bars to? Is there some sort of Gold Bank?

Question

I don't want to sell my gold to those gold for cash places/websites because I will only get a fraction of the gold's market value. If I melt down my own gold scrap to gold bars where can I sell the gold bars for Gold's true market value?

Where or whom do modern day gold prospectors sell their gold to?

Thanks.

Answer 1

really you dont have to go that far, i sold some scrap silver to 123 PMR, there is midwest refineries in Michigan, and some others, just type in gold refineries and that will get you the result you want, personally i would recommend midwest, they have no minimum order so that would be best for you.

Answer 2

Anybody who wants to buy your gold bars will have to assay them, heaven only knows what is mixed in with the gold. "White" gold is only 75% gold, for example, the rest is silver and copper.  Best would be to find a cash place that will work with you and not charge you assay fees with every batch.