Jewellery is one of those things that can be one of our most precious possessions at one point in our lives, but then a few years later can lie unwanted at the back of a draw. This is probably most true of gold which can be easily styled to suit a wearer at one age, but not another. It should, therefore, come as good news that it is possible to sell gold and make some much needed money.
But now, there is a party plan, like a Mary Kay or even Tupperware party event you have at your home. Call all your girlfriends and have them bring their old gold jewelry on the party. A looking for gold buyers will be at the party, and definitely pay spot cash to your gold.
You might be tempted to sell it’s jewellery immediately after getting to know that the price of it has shot up. However, gold for sell might not be of much interest to the dealers who are hoping that it’s prices will return to their normal price. A fair dealer should give you a small percent premium on the gold you sell. But, if you do not know how to sell gold you should remember that you can ask the gold dealer to buy it at a percent discount.
The process is also important because online sites are different from your local jewelry store where you just visit it and present your gold. With online sites, you need to mail your gold since these companies are away from your hometown. As client, you have the right to find out the procedure because this will also determine if the site is real or not.
Some people are pretty skeptical about the cash for gold companies. This is just not a true fact. The cash for gold companies are not scams. These companies are real and they are working to get you some money for unwanted items. They don’t want to steal any of the gold that you give them, but they instead want to try to help you make some really fast money and keep up with their business.
If you take a gold mining stock’s total market capitalization (how much you can buy the company for) and divide it by how many ounces of gold it has in the ground (both proven and probable), you can see just how big a discount to gold prices some of these gold miners represent right now.
Many people think they should hold on to their gold jewelry forever. This can be practical if the items are still useful and if you have enough money. What happens if the jewelry is damaged? What will you do if you suddenly are out of a job and need to settle outstanding bills? Holding on to the precious commodity is just not practical. Selling it makes sense because you can pay off your bills.
The short answer is NO. When you sell your scrap gold jewelry, the inherent value that it has is its melt value. In my experience, the melt value of scrap gold is typically between 50% and 70% of market value. The trick to getting the most money for your scrap jewelry, if you decide to sell it, is to find a gold buyer that offers a high percentage of the spot price.