| Selling My Gold For Cash |
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| Written by Hal Young |
| Wednesday, 16 September 2009 21:23 |
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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.
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. The first step, no matter which type of gold you're looking to sell, is always to find out how much gold is worth. The best way to go about doing this is to go straight to a jewelry store or pawnshop. Most jewelry stores or pawnshops will have an experience jeweler on hand that can estimate the value of your gold right there in the store. They do this based on the current spot price of gold which changes daily so you may have to check the price again later on before you actually sell. You can also figure this out by yourself but it will take an article in itself to explain it. 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. If you have scrap gold to sell, your best bet would be selling to a gold refiner. Gold refiners buy your gold based on the spot price of gold and various other factors but you can usually get at least 90% of the spot price of gold if the refiner is legitimate. Also most gold refiners usually have a sliding pay scale so the more you have the better chance you have a getting a better price. 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. Those are all of the major types of gold that most people try and sell and where to sell to but there are of course other places to sell your gold to like online auctions. Just follow the advice above and to be well on your way to selling your gold safely and easily. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Hal runs a site about all the different ways that you can get cash for gold. If you have ever asked the question how can I sell my gold jewelry then please visit his site where he will show you how. |