This year has seen the highest gold prices ever recorded. Despite the price, fearful investors are still buying to hedge against the possibility of economic collapse. Whether there is any validity in their fears remains to be seen but two recoccuring points remain the same. 1) Very few of us own enough gold to survive an economic doomsday situation. 2) Most of us have been priced out of the gold market.
So, what can we do? Well, the simple solution is to take advantage of gold prices by selling what we have and remaining optimistic. After all, America has pulled through significantly worse economic scenarios. The real focus is getting the most money for your gold. Thankfully, it's not very difficult! Here's some tips to get you started:
- Know What You Have – Look for stamping on your jewerly. These stamps will indicate the Karat and purity of the piece. Plated pieces are generally not desirable to gold buyers. If you're attempting to sell gold bullion, do some research. Bullion contains standardized amounts of gold, so it's easy to know exactly what you have.
- Avoid Buying Events – If you see an ad in the paper for a gold buying event, act with caution. These buyers are only in town for a short period of time, so reputation is not as much of a concern for them. They will generally offer you well under market rate.
- Avoid Pawn Shops – While this rule applies to most things you wish to sell, it is especially true of gold and jewelry. Even if the shop has someone qualified to appraise the items, they will try to give you as little money possible to increase their profit. It's not a scam per se – Pawn shops are just designed for situations where money is needed immediately.
- Talk to Local Buyers – These folks are based in your community and depend on reputation. If you're concerned about their payout rates, call and ask them directly. Honest buyers will be upfront about their rates from the beginning. Even if your satisfied with the first quote, be sure to call multiple stores.
Charlotte Diamond and Gold Buyers goal is to provide our clients with superior estate jewelry buying services. We can guarantee fair market value for your diamonds and gold. Our expert staff is available for consultations at your convenience. Consultations are free with no obligation on your part. For more information, please visit our website at www.diamondandgoldbuyersite.com.