A Review of Buying & Selling Gold Online Stores in Cape Town, South Africa
When it comes to any investment, it is important that you first do your homework and check the various options available out there. With gold prices at their current levels, you may well be considering buying gold online, but when looking for ways to buy and sell gold online, it can feel like a daunting task. There are many online stores and all of them look the same. It’s difficult to tell which is the best company to work with. Based on this notion, today’s StarInsights report examines the best buying and selling gold stores in Cape Town based on user reviews and ratings online.
Buy & Sell Gold Industry Overview
Throughout the world, gold is regarded as a “safe-haven” investment. Not long ago, countries across the globe used to have the “gold standard” for currencies, which meant that their currencies were backed by gold kept by the central banks of the governments. Even today, gold is still considered a liquid asset, which means it may be quickly exchanged for cash when needed.
In times of uncertainty, investors look to gold as a safe investment that will not lose value. According to a newly published survey by IG South Africa (2022), the online gold buying and selling market has been thriving post the COVID-19 pandemic. Since 2021, the businesses in this sector have seen consistent revenue growth, thanks to the e-commerce market acquiring substantial market share from brick-and-mortar gold stores in recent years as more people purchase online.
Large growth in the number of industry operators over the last years has also greatly boosted internal rivalry. In response, store owners have raised their marketing spending and emphasized exceptional customer service. On one hand, a beautifully designed and user-friendly website is just one of the components that drive a successful online business.
On the other hand, publicly published reviews are highlighted as flesh and blood to build consumer trust. In the competitive world of buying and selling gold online, a high level of trust and social proof is absolutely essential to attracting new customers. As a result, Customer reviews determine who gets a bigger chunk of the market share, and using Google Maps we have analysed numerous gold stores and listed the top ten leading companies with a good volume of positive user ratings and reviews.
eKomi StarInsights Results for the Most Reviewed Online Gold Stores
Number of Reviews
|Point Jewellery Exchange||70|
|Gold & Finance – Immediate Payment||30|
|Diamond and Gold Buyers||14|
|The Gold Guys||12|
|Gold & Diamond Solutions||12|
|Cape Gold Coin Exchange||9|
|Blouberg Gold Exchange (CASH4GOLD)||6|
|Gold Exchange – Goodwood||5|
|Gold ‘n Stones Trading||4|
SA Bullion is on the top of the list and is currently the most reviewed Online Gold store with 71 active reviews through Google aggregated stats. Point Jewellery Exchange follows closely in the second-best position with 70 reviews. Gold & Finance – Immediate Payment is in the third position, with almost half and 30 reviews in total. We further considered ratings and aggregated the online gold stores based on the ratings they have, as illustrated below:
eKomi StarInsights Top-rated Buying & Selling Gold Stores
Number of Reviews
|Diamond and Gold Buyers||5.0||14|
|Blouberg Gold Exchange (CASH4GOLD)||5.0||6|
|Gold ‘n Stones Trading||5.0||4|
|The Gold Guys||4.7||12|
|Gold & Diamond Solutions||4.7||12|
|Point Jewellery Exchange||4.6||70|
|Gold & Finance – Immediate Payment||4.4||30|
|Gold Exchange – Goodwood||4.4||5|
|Cape Gold Coin Exchange||3.9||9|
Surprisingly, four companies are tied in the top position, namely Diamond and Gold Buyers, Blouberg Gold Exchange (CASH4GOLD), Gold ‘n Stones Trading and Gold Rush. They do have a perfect score rating of 5.0 stars out of 5 stars. The only difference among these stores is in the number of reviews, and it’s important to note that a high rating needs to be complimented by a large sample of reviews, as this is a desirable feature when it comes to online reputation.
Upon the completion of this report, we identified that there’s a lack of reviews for Cape Town gold buying and selling stores. Therefore, we recommend that business owners must invest in tools that can help them improve their online reputation. The significance of customer ratings and reviews in the success of the business is like water to fish in these modern times.
In summing up, we urge all businesses in this industry to up their game and reach out to a review agency like eKomi, which works with an efficient team to produce reviews that are organic and credible. The eKomi team presents all gold stores with an offer to assess customer satisfaction, and this includes a free consultation to determine the level of growth a business is at and to heighten its sales development and online imprint.
Check out eKomi’s blog in three months to follow up on our assessment of which online Gold stores will be the best and most rated in Cape Town.