subject: Get Cash By Selling Your Gold Jewelry [print this page] If you want to sell gold jewelry in this very hard economy that we are in right now, you should be very particular of how you go about finding a company or individual to buy your gold. Finding the top gold buyer is very vital if you are going to get the most money possible for your gold. Keep reading if you don't want to fall for the cash for gold scam and get ripped off.
Just like you, I have taken these hard economic times on the chin. So many of us are having a hard time paying bills. Here is what I have uncovered about the cash for gold market.
If you have seen any TV over the last several months, you know just as well as anybody that the price of gold is at a all time high. Now that you have this knowledge and motivation, the next thing that you need to do is determine how much your gold is really worth. The simplest thing that you can do to figure out how much your gold is worth, is to look for the hallmark.
The price of gold that you see on TV is really just an indication of how much gold is worth on the open commodity market. It is the value of pure, 24 karat gold. Gold jewelry is typically only 14K or 28K gold. This is a very important point to remember. Just in case you did not know, 14K is only 58% pure.
If you need cash in hand this afternoon, you really have no choice but to choose a pawn shop or local jewelry store. They can quickly evaluate your gold jewelry and offer you some cash in hand immediately. But they are just not your best option if you need to get the most money possible for your jewelry.
Pawn shops are a great place to find a used laptop or bicycle. But if you have gold jewelry to sell, don't bother with a pawn shop or jewelry store. They are going to hold back on their offer because they need to make a profit when they re-sell it to a gold refinery to be melted for scrap.
by: Alan Liddy.
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