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Sabtu, 10 Desember 2011

Selling Gold Jewelry To Get Through Tough Times


Among the many special benefits of making an investment in gold is that it normally acts as a safe haven investment during times of economic uncertainty. Throughout the present economic turmoil, the price of gold has continued rising to its current all-time highs. Some people will keep hold of their gold stocks until the peak of the instability then try to sell  it off when gold prices reach their highest. But other people who struggle during  tough times have another option: selling gold jewelry or other gold items to get cash  to get through the hardships. You can easily sell gold bullion coins and bars to a  bullion dealer, but how do you go about selling gold jewelry?


Selling off your gold jewelry items is a fairly easy process. You can find various companies  either online or around your area that will offer you cash for your gold items and  make the process quite simple for you. The gold buyers are looking to get their hands  on as much gold as possible, so they can profit from prices that will likely rise even  higher over the longterm, and profit from some price spreads or transaction fees. However, these businesses are for the most part legitimite and will offer you a fair price for the gold that you bring them.



Among the various companies, perhaps the best example of an online company is Cash4Gold. Cash4Gold is a gold refinery that receives it s gold by mail from sellers. Cash4Gold is a great choice for those individuals who possess old, broken, or otherwise undesireable gold items. If you wish to sell newer and more attractive-looking gold jewerly, you will likely receive more money by selling your items to a local  jeweler in your area, or to a pawn shop. The reason for this is that gold jewelryis always marked up above and beyond the official gold spot price and can be much higher than the simple value of the item's constituent gold.. Included with that premium are things like design quality, craftsmanship, and so on. But refineries like Cash4Gold just melt your gold down, so they don't care about the premium value of your items. The amount of cash they pay you will be based on the current spot price of however much gold is in the jewelry (and they will also deduct a transaction fee).



There are some things you should understand about your gold items before selling them, including its karatage (which is supposed to be indicated someplace on the item), the weight of its gold content, and if possible also its  resale value, so you can know whether to sell to a refinery or to a pawn shop or  jeweler instead. Getting your item appraised by a reputable dealer might be a good idea. It's also important for you to be aware of the terms of your contract with the gold buyer. If you have intentions to buy your item back, you should be sure to check how  much time you have to do so, and the specific terms surrounding the buyback. Since these are valuables that could have special meaning to you, I'm sure you want to avoid any scenario in which you unintentionally lose possession of your cherished item. 

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