How To Sell Scrap Gold Easily

Seeing as how the economy is today many people are looking for alternative ways to make extra money. And one way that is gaining popularity quickly is selling gold for cash. People think that they can just take their old gold jewelry and turn it into a big pile of cash but unfortunately it is not that easy to get the actual value of your gold items or even close to retail value. Companies will either offer you much less than what your gold is really worth or just rip you off entirely but “losing your shipment”. And that is just two quick examples, there are many more where they came from. If you want to learn how you can sell scrap gold safely to a real gold and reputable gold refiner keep on reading. If you actually want to make some extra cash using this method, there is some must know advice that will help you sell gold and avoid con artists and rip offs. What you need to know to protect your gold investment and sell for the most cash possible is to thoroughly check out the dealers you will be dealing with. When looking into a company you should always see how long they have been in business. Ten years or more is a good sign since companies that have been in business for many years have a reputation to uphold. Also check and see if they have any complaints against them at the BBB’s (Better Business Bureau) website while you’re at it. Check the companies’ website, their policies for buying and selling of gold and their address. Is it an actual physical address? Post office boxes should throw up the red flag to you. You want a real brick and mortar site if possible. If the company is nearby see if you can visit the refinery or business office. Do they offer a telephone number to answer your questions? Give them a call and see how they treat their customers. Be careful not to give into any high pressure sales pitch before knowing what you will actually be getting for your gold. This is a good time to see what their first offer might be. One of the most important things you have to know is what your gold is actually worth. The price changes every day so you will have to find a financial site that lists the current spot price of gold like CNN money. The formula for figuring out how much different karat’s of gold is worth can be found all over the internet and there are even some calculator’s available. After finding your company and your gold’s value, the next step is to find out what they will offer you. Some times you can get an offer over the phone but most of the time you will have to actually send in your gold first. This is because they have to check the karats and weight of your items before you can get an accurate price. Ninety percent of the actual value is a good selling price for you if you can manage to find a refiner that offers a price as good as that. Really anything above eighty percent is a decent offer and you should take it if you don’t find any higher than that. A good tip for avoiding con artists is making a point of avoiding gold refiners that don’t own their own refinery. Not only is it a good way to avoid scammers, but you can also get a lot more cash for you gold this way. The alternative is selling to gold dealers which in turn sell to gold refiners but they have to turn a profit so you make less on your sale. Finally, make sure your gold is insured while in transit to the company and that they return it insured, if their quote is not accepted by you. If you do not buy insurance you can lose everything either by accident or by purposeful fraud. It’s worth it to spend the extra couple bucks to make sure that everything goes as planned rather than be out hundreds if your gold scrap goes missing. If you research thoroughly each and every company and follow the advice above, you will be able to sell your scrap gold safely. Jack writes articles on a website where he teaches people about selling gold. He also runs a site sell gold for cash guide that shows people how to sell gold safely and easily.

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