What To Expect From “Sell Gold” Establishments

Getting cash for gold is highly advertised now that the price of the precious metal is said to be at an all time high. If you are considering checking into se¬lling your broken or unwanted stash, or if you need a little quick cash pick-me-up, you need to know where to go for the sell, what to ask of the buyer, and what to expect for your bounty.

Because this is such a popular way to make quick cash in this rough economy, vendors everywhere are advertising that they want to take your gold off of your hands. While it is true that all vendors that make claims that they intend to buy, not all vendors will buy at the price that you may be expecting. A pawnshop or a jewelry store is a same day service quick cash deal, but these establishments will probably pay you less than if you were to deal with a direct buyer. Simply put, these are businesses that need to turn a profit to thrive. They are going to turn around and sell the buy for profit; therefore, they have to leave a profit margin when they make you an offer.

An advantage to dealing with local shops and vendors is that they can make you an offer that you can refuse. You can also ask about other options. It may be more profitable for you to sell intact jewelry to the shop for resale. It never hurts to ask. A direct buyer may not be local, which means you will need to research credibility, but if you can land on a trustworthy company they will probably pay marginally more than you would get at a local jewelry store or pawnshop. The downfall with trying to attain the best price with this method is that there is no negotiating. You send in your precious metal, and they send you a check. There is no one to ask questions to, and no one to explain the buying process. You also will probably not get back the material that was not purchased.

Remember that when you sell gold, it is only gold that is wanted; not the jewels. It is recommended to remove them before you offer your stash to someone to buy. Jeweled pieces do not increase the value of the metal, so you essentially lose money if you hand them over.

This is a great way to make a little quick cash though it is not a get rich quick scheme. Remember that it is a permanent exchange. You cannot go back and get your goods out of pawn later, as they are being melted down for reuse.