When You Need Cash, Platinum & Gold Scrap Can Help

In difficult times, you may need to find ways to access money in a pinch. Given fluctuations in economic stability, it’s important to keep in mind ways to economize. Not every situation can be planned for, such as an accident or job loss. In those times, the most profitable way to make money is to convert your material assets to cash. For platinum and gold, this process is easier considering their stable value regardless of fluctuations in the market.

There is a market for raw materials such as platinum and gold no matter what form. Usually scrap gold and platinum is considered pieces of jewelry that have either been irreversibly damaged or parts are missing from the whole, like an earring without its pair. Scrap gold can also be more valuable and in demand than refined gold because the cost is less. With the current demand for these materials, you can stand to make quite a bit of money.

How then do you go about finding out whether you have these materials lying around your house? There are a lot of materials other than jewelry that qualify. Some statues or medals are made out of precious materials. Coins, clips, and wires made of these materials also qualify. It is important to weight the importance of these objects as many of them might be considered family heirlooms or have significant sentimental value for you or members of your family. It is the objects that are easily discarded that are best when you need cash for platinum or gold.

The money you will get may range in value. The most important thing to consider is bringing it to a reputable pawnshop or company that deals with this material and understands it’s value – especially when you do not know the value yourself. You want to get a fair price for your belongings and not be cheated out of money. When you work with someone you can trust, they will give you a fair assessment of your property and offer you a fair price for what it is truly worth. Your jewelry may not be as pure as you might think and a dealer will make sure to properly assess your items in order to determine if this is the case.

Another alternative is actually refining the gold or platinum yourself and selling it that way. There are refineries that will take care of this for you so that you have raw product in bulk to sell to a buyer. This will ensure that you get the right price for your gold or platinum because in this form it is guaranteed to be pure product. It may be harder to find a buyer but when you do you will get your full money’s worth.

It’s not as hard as you might think to get cash for platinum, gold, or other precious medals. Discarded items in your home may be of value. A good way to prepare is to research the price of the material you’re thinking about selling and understanding its value. Then you can seek out professional help that will help you get the cash you need.