Best Options to Sell Your Gold
The global recession and bad economic conditions have left plenty of people cashless and that's why they're looking for ways to make the most out of what they already have.
Most people have gold in some form or the other and therefore, the best thing to do in order to get some extra cash is to sell it.
There are plenty of options at your disposal when you plan to sell gold.
You could sell at a local pawn or jewelry store as well as at a refinery that melts and reforms gold.
Let's take a look at the various options available.
Jewelry Stores Jewelry stores would be willing to buy all kinds of gold - bracelets, rings, chains, necklaces, dental filings and so on.
Of course they're not going to offer you the exact buying price because they need to make a profit as well.
Therefore, if you decide to sell at a jewelry store, make sure to go around and find one that is paying you the most for your gold.
Pawnshops are the worst place to sell jewelry and therefore you need to get your gold appraised at various jewelry stores.
Direct buyers If you've got a coin or bullion that belongs to a set or is well crafted and has value not just for its gold, you should try to find a direct buyer.
After all, collection editions fetch you much more than the actual gold value.
You could find buyers in such cases by advertising through the right websites.
This is surely the best way to go because both you and the buyer would be benefitting.
You would get a higher rate as you won't have to pay middlemen and the buyer would be able to buy at a cheaper rate as there are no middle men involved.
Gold refineries and scrap dealers Another option that you have is to sell to scrap dealers and directly to refineries.
Scrap dealers usually take their own commission.
But, when you sell to a refinery you're surely receiving the best value.
Because, in such cases there are no middle men involved.
However, for a gold refinery to consider you, you may need lots of gold maybe a few kilograms at least.
Else, you stand no chance.
Therefore, before you sell your gold you need to decide how much cash you need and then accordingly decide the means of selling it as this is the only way to ensure that you're going to get the right price.
Most people have gold in some form or the other and therefore, the best thing to do in order to get some extra cash is to sell it.
There are plenty of options at your disposal when you plan to sell gold.
You could sell at a local pawn or jewelry store as well as at a refinery that melts and reforms gold.
Let's take a look at the various options available.
Jewelry Stores Jewelry stores would be willing to buy all kinds of gold - bracelets, rings, chains, necklaces, dental filings and so on.
Of course they're not going to offer you the exact buying price because they need to make a profit as well.
Therefore, if you decide to sell at a jewelry store, make sure to go around and find one that is paying you the most for your gold.
Pawnshops are the worst place to sell jewelry and therefore you need to get your gold appraised at various jewelry stores.
Direct buyers If you've got a coin or bullion that belongs to a set or is well crafted and has value not just for its gold, you should try to find a direct buyer.
After all, collection editions fetch you much more than the actual gold value.
You could find buyers in such cases by advertising through the right websites.
This is surely the best way to go because both you and the buyer would be benefitting.
You would get a higher rate as you won't have to pay middlemen and the buyer would be able to buy at a cheaper rate as there are no middle men involved.
Gold refineries and scrap dealers Another option that you have is to sell to scrap dealers and directly to refineries.
Scrap dealers usually take their own commission.
But, when you sell to a refinery you're surely receiving the best value.
Because, in such cases there are no middle men involved.
However, for a gold refinery to consider you, you may need lots of gold maybe a few kilograms at least.
Else, you stand no chance.
Therefore, before you sell your gold you need to decide how much cash you need and then accordingly decide the means of selling it as this is the only way to ensure that you're going to get the right price.