Selling My Gold For Cash
People are always looking for new ways to make money, especially in a bad economy like ours. If you've ever asked the question, "how can I sell my gold" selling gold for cash could be one of these ways for you if you have the patience to learn how. You can sell all different types of gold - whether it's scrap gold that you've gathered from around the house or some gold bullion that you've invested in. In the coming article I will tell you how you can sell all those different types of gold and who to sell to.
Before you do anything else you should probably figure out how much your gold is worth. You do this because there are many people looking to scam you have there in the gold selling field, so if you have a ballpark figure about much your gold is worth beforehand, you are much less likely to be taken advantage of. You can do this in one of two ways: by yourself following a guide or taking your gold straight to a jewelry store or pawnshop. Easiest of the two is definitely the latter.
Now that you've finally figured out how much your gold is worth it is time to go about finding a gold buyer. There are hundreds if not thousands of buyers out there - you just have to find them. You can do this in several different ways but the easiest by far is the phone book or online. Just make sure that you research them thoroughly before selling to so you don't get ripped off.
For people with scrap gold to sell, the best place to sell to is almost certainly a gold refiner or gold dealer. Both will buy your gold based off the spot price of gold but gold refiners own their own refinery and most gold dealers do not. In most cases you are better off selling to a gold refiner. Try to get at least 90% or more of the current spot price of gold. It is easier to get that amount if you've got a lot to sell because most gold refiners pay based on a sliding scale.
For gold jewelry that has more value than just the gold content in the item you should probably sell to a jewelry store pawnshop. Most will actually take into consideration the aesthetic value and beauty of the piece. And then they will pay you based on the retail value minus their cut. Which will usually be more than what you get from a gold refiner who only pay you based on the gold content in the piece.
And finally if you're looking to sell gold coins the best place is probably straight to a coin dealer. Some older coins might have more value than just the gold in them so selling to a gold coin dealer who can appraise them is usually better than selling to a gold refiner.
That's all there is to "selling my gold". If you will follow the advice listed above you will be able to sell gold easily and safely. Just remember the major points like researching companies before dealing with them. - 23305
Before you do anything else you should probably figure out how much your gold is worth. You do this because there are many people looking to scam you have there in the gold selling field, so if you have a ballpark figure about much your gold is worth beforehand, you are much less likely to be taken advantage of. You can do this in one of two ways: by yourself following a guide or taking your gold straight to a jewelry store or pawnshop. Easiest of the two is definitely the latter.
Now that you've finally figured out how much your gold is worth it is time to go about finding a gold buyer. There are hundreds if not thousands of buyers out there - you just have to find them. You can do this in several different ways but the easiest by far is the phone book or online. Just make sure that you research them thoroughly before selling to so you don't get ripped off.
For people with scrap gold to sell, the best place to sell to is almost certainly a gold refiner or gold dealer. Both will buy your gold based off the spot price of gold but gold refiners own their own refinery and most gold dealers do not. In most cases you are better off selling to a gold refiner. Try to get at least 90% or more of the current spot price of gold. It is easier to get that amount if you've got a lot to sell because most gold refiners pay based on a sliding scale.
For gold jewelry that has more value than just the gold content in the item you should probably sell to a jewelry store pawnshop. Most will actually take into consideration the aesthetic value and beauty of the piece. And then they will pay you based on the retail value minus their cut. Which will usually be more than what you get from a gold refiner who only pay you based on the gold content in the piece.
And finally if you're looking to sell gold coins the best place is probably straight to a coin dealer. Some older coins might have more value than just the gold in them so selling to a gold coin dealer who can appraise them is usually better than selling to a gold refiner.
That's all there is to "selling my gold". If you will follow the advice listed above you will be able to sell gold easily and safely. Just remember the major points like researching companies before dealing with them. - 23305
About the Author:
Hal Young writes about all the different buyers of gold. If you want to know where to sell gold scrap then please visit his site where he will show you.
posted by Mr. Forex at
5:28 AM
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