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Millie Silvester: Trade Me spokesperson on the growing popularity of gold and silver listings · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks'd be follow
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  Speaker 2: Looks like gold and silver are the hot new commodities
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  Speaker 2: on trade me. The site has started to receive significantly
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  Speaker 2: more soldiers searches for gold and silver since mid January,
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  Speaker 2: which of course is when both of those elements were
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  Speaker 2: in the news for reaching record high prices. Trade me
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  Speaker 2: spokesperson Millie Sylvester is with us now Home Milly Curder.
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  Speaker 2: So what is it people are searching for? Are they
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  Speaker 2: searching for like chunks of gold and silver or is
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  Speaker 2: it jewelry?
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  Speaker 3: It's right across the board. I mean, gold and silver
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  Speaker 3: were the second and third fastest rising search terms in
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  Speaker 3: the past week, but then in the top ten we
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  Speaker 3: also saw silver bar and silver billion. So I guess
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  Speaker 3: it's everything whereverbody ever has gold and silver in it.
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  Speaker 2: What do we think people are doing with it? Like
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  Speaker 2: if I was to dig out my old gold ring
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  Speaker 2: or whatever that I didn't want to seal it on
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  Speaker 2: trade ma A, They're going to melt it down, are they? Perhaps?
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  Speaker 3: Or maybe they're hoping that actually this is the start
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  Speaker 3: of a boom and they're going to set on it
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  Speaker 3: and hold on to it and maybe you know, accumulated
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  Speaker 3: over time as a bit of an investment. Your guess
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  Speaker 3: is as good as mine.
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  Speaker 2: I mean, they must be thinking that they're going to
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  Speaker 2: sell that that they're buying. Presumably the idea is that
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  Speaker 2: you're buying it at a very heavy discount on trade me.
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  Speaker 2: If you if you're going to sit on it for
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  Speaker 2: a while, right.
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  Speaker 3: Yeah, you would think so. I think it's just it's astounding.
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  Speaker 3: You know, we've seen searches for silver were up two
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  Speaker 3: hundred and sixty four percent year on year, like it
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  Speaker 3: is a huge increase that we are seeing more so
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  Speaker 3: actually for silver than we are for gold. Gold was
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  Speaker 3: up about twenty percent year on year, but still really noticeable,
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  Speaker 3: you know, trend in searches. And then what we are
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  Speaker 3: also seeing is in categories like antiques and collectibles and
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  Speaker 3: unsurprisingly jewelry and watches. You know that the spike in
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  Speaker 3: activity there has been incredible, and it's really been in
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  Speaker 3: the past kind of fourteen days.
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  Speaker 2: It's kind of weird. Now, how do you guarantee if
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  Speaker 2: you are thinking you a start holding based on your
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  Speaker 2: trade me purchases, how do you guarantee that you're buying
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  Speaker 2: what they say they are selling you.
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  Speaker 3: Absolutely, It's really important to ask a whole lot of questions.
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  Speaker 3: Ask for more photos, you know, look for those hallmarks
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  Speaker 3: or any stamps that prove the metal with purity. You know,
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  Speaker 3: you want to make sure you are buying, you know,
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  Speaker 3: something that is authentic. You can pay via ping on
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  Speaker 3: trade me, which means you're covered by buyer protection. So
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  Speaker 3: I would encourage that if you're looking to buy any
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  Speaker 3: precious metals on site, and that means you know, you
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  Speaker 3: can be confident in your purchase.
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  Speaker 2: Yeah, brilliant, Mollie, thank you for talking us through. I
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  Speaker 2: appreciate a Milie sylvesta Trade Me spokesperson.
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