Everything you need to know about how Solomons Bullion works — from understanding prices to making your first purchase, selling bullion, and keeping it safe in our vaults.
Full live spot paid for all investment-grade gold on buyback
Allocated vault storage included with every purchase
Full replacement-value cover via Lloyd's of London
EFT transfer on the day you sell — no delays
Buying bullion from Solomons Bullion is straightforward. Every purchase is at the live spot price plus a transparent premium — and your first three months of storage are free.
Browse our range of gold, silver, and platinum bullion — bars and coins from the world's leading mints. Use our live pricing page to see current prices by product and weight. Consider whether you want minted bars (cleaner finish, assay certified), cast bars (more cost-efficient), or coins (global liquidity, legal tender status).
Contact us by phone, email, or visit either our Sydney or Melbourne office in person. We'll quote the live spot-based price for your chosen product — and show you exactly how it's calculated. Walk-ins are always welcome during business hours.
All transactions require valid government-issued photo ID under Australian AML/CTF legislation. A current Australian passport or driver's licence is accepted. This takes under a minute and is a one-time requirement for new clients.
Confirm the quote and pay by EFT, EFTPOS, or cash (within legal limits). For EFT payments, product is released once funds are confirmed cleared. A full tax invoice is issued immediately — retain this for CGT record-keeping.
Choose from three options: collect your bullion in person from our office, elect to place it directly into our allocated vault storage (free for 3 months), or arrange fully insured secure courier delivery to your address.
Precious metal pricing has a logic to it. Once you understand spot price, premiums, and spreads, you can evaluate any bullion price with confidence.
The spot price is the live global market price for the immediate delivery of one troy ounce of a precious metal. It is derived from real-time trading on the COMEX (New York), LBMA (London), and Shanghai Gold Exchange. It changes continuously during market hours — every second during active trading sessions.
All bullion prices are anchored to the spot price. When you see a gold bar price, it is always spot + premium. When you see a buyback price, it is always near-spot.
The premium is the amount above spot that you pay for physical bullion. It covers: minting and refining costs, transportation, insurance, dealer margin, and supply/demand dynamics. Premiums are not a rip-off — they reflect the real cost of producing, insuring, and distributing physical metal.
Premiums fluctuate with supply, demand, and market conditions. During high-demand periods (financial crises, geopolitical events) premiums spike significantly.
The spread is the difference between what you pay (ask) and what you receive (bid). Our spread on gold buyback is effectively zero — we pay full spot price, meaning you receive exactly the spot price with no deduction.
Investment-grade precious metals are exempt from GST in Australia:
Selling bullion is a CGT event. Profits are subject to Capital Gains Tax. Individuals holding for more than 12 months qualify for the 50% CGT discount. Always retain your purchase invoice for record-keeping.
Selling bullion to Solomons Bullion is as simple as buying it. We pay the full live spot price for investment-grade bullion — no hidden deductions, same-day payment.
View our live buyback prices on the Sell Bullion page. Prices update every 60 seconds directly from the live spot. For gold bullion, we pay 100% of spot. For silver and platinum, a minor market-standard spread applies.
Visit either our Sydney or Melbourne office. Walk-ins are welcome — no appointment needed. For large lots (over $50,000) a call ahead helps us prepare, but is not mandatory. We accept bullion from any recognised mint — not only products purchased from us.
We verify the authenticity and purity of all items before purchasing. For investment bullion from major mints, this is a quick visual and weight check. For scrap gold or non-assay items, we use professional XRF spectrometry — free, non-destructive, and takes only minutes.
We quote the live spot-based buyback price. You'll see exactly how it's calculated on screen. Accept the quote and the transaction is confirmed. Present your government-issued photo ID and provide your BSB and bank account number for payment.
Payment is made by direct bank transfer on the same day — typically within hours. Funds clear to your account the same business day or the following morning depending on your bank. A transaction record is provided for your files.
We buy scrap gold at a percentage of the gold spot price, calculated by carat.
Rates calculated from live spot. See live rates here.
Our allocated vault storage is the safest way to hold physical bullion — fully insured, independently audited, and registered to you by serial number.
Buy bullion in person or by arrangement, then elect to place it directly into storage at the time of purchase. Your first 3 months are free.
Your specific items — each identified by their unique serial number — are individually registered to your account. Nothing is pooled or shared.
Your metals enter our Class 10 vault and are immediately covered by Lloyd's of London insurance at full replacement value. A Certificate of Insurance is issued.
Your metals are always yours. Sell back to us at full spot without delivery, arrange secure delivery, or collect in person. No lock-in, no exit fees.
The most important distinction in bullion storage. Solomons Bullion offers only allocated storage — the only type that truly protects you.
| Feature | Allocated ✓ | Unallocated |
|---|---|---|
| Your specific items registered | ✓ | ✕ |
| Off dealer's balance sheet | ✓ | ✕ |
| Protected in insolvency | ✓ | ✕ |
| Individual serial number tracking | ✓ | ✕ |
| Physical delivery of exact bars | ✓ | ✕ |
| Independent audit verification | ✓ | ◑ |
| Counterparty risk | None | Dealer credit risk |
Fees are billed monthly based on current market value. No lock-in, no exit fees. Cancel and withdraw at any time.
Whether you want to buy your first gram of gold, sell an inherited collection, or protect a lifetime of savings in an insured vault — the next step is the same: contact us.
Browse gold, silver & platinum at live prices with 3 months free storage.
Full spot price buyback. See live sell prices. Same-day payment.
Not sure where to start? We'll walk you through everything. Free advice, no pressure.
Visit our Sydney or Melbourne office, browse our product range online, or call our team for free advice. We're here to make precious metals simple.