How to Sell Gold for Cash?
Stephen
Buying gold is a nice investment. Selling gold for cash can get you out of a crisis in emergencies. There are plenty of ways to sell your unwanted gold, but getting the right price isn’t always easy.
This article will help you to decide when and where to sell your gold and how to get the best price for them.
Wait for the Right Time: Before selling this precious metal, you should do a bit of research about its ongoing price. Price of gold changes with the economy every now and then.
You’ll have a handy deal, if the form of the economy is rocky, but will get quite a few bucks less if it’s not in a good shape.
Know the Right Value of Your Jewelry: Weighing the items and evaluating them will give you an idea of the value of your jewelry. For this, go to different jewelry shops and ask them for a quote. Remember, they won’t give you any money for the design or the stones attached to your items.
Rather, they’ll melt them down into solid gold, examine which grade they’re off and will ask prices accordingly. Knowing about the quality, quantity, and the actual value of your gold will give you a better chance of haggling. You’ll have to sell them for a minimum of 8-10% less than the current price.
Where to Sell: If you have the receipt of your purchase, then the source that you bought your gold from will be the best option to sell them to. Because, in this case, you’ll already have the proof of the quality of your items.
Otherwise, go to the nearby jewelry shops. Don’t hesitate to bargain if you’re not getting a good deal. Besides, there are many cash-for-gold companies who offer good prices for old gold. You can also find them online.
However, if you’re selling your golds for a temporary financial crisis, you should probably consider going to the pawnshops. Besides weighing your gold, they also consider the design of the item to evaluate.
Moreover, you can lend money against your gold with a little cut of interest instead of selling them permanently.
Different buyers might offer you different prices. You should compare their reputations and the prices they’re offering in order to get the best deal.