By searching through various platforms, Chen Zhou quickly found some online gold recycling companies that appeared more reliable.
Banks repurchase gold on the condition that it has no scratches or wear and tear, and require proof of purchase such as invoices, certificates, and packaging.
According to the information Chen Zhou found online, banks require gold to be brought to designated outlets for repurchase, and reservations must be made in advance. The bank will repurchase the gold at the international gold price of the day, deducting a 2%~5% handling fee.
Among all the channels for repurchasing gold, banks are the safest and most reliable, with prices being transparent and close to real-time gold prices.
Unfortunately, the goods Chen Zhou had were "unpresentable" items, and their purity was unlikely to reach Au99.99. Moreover, the shape was entirely different from the gold bars and jewelry that banks dealt with, so this path to liquidity was obviously blocked.
