The Cash Your Gold

Every woman adores gold doesn’t she! Gold is a yellow shiny precious stone which nowadays sells at a price fit to buy an empire. The gold prices increase per day NOT per annum! This is a very serious issue for gold sellers. You might have some unwanted gold jewelers lying around in the house or some scrap gold that you have no need for and you wanted to get rid of it. Selling gold has never been easier yet so riskier. You will find that every jewelers shop that sells gold buy your gold. It is definitely a sweet way of earning cash for gold. When selling gold, first of all establish a base value. You can do so by going to your local shop and asking about the price of your piece of gold. They do it for free. Go around in two or three shops and compare values. This way you will have a basic starting value for earning your cash for gold. It is nothing to be ashamed of and you do not jeopardize their business in any way. Itis their job to provide you with gold prices. If you aren’t selling gold in your local area still it won’t hurt to ask them.

You must be cautious about to whom you are selling. Beware of rogue buyers. Rogue buyers are those buyers who do not have an established shop or firm in your area or any other and appear as individuals who set up temporary gold buying places. They may underpay or completely avoid giving you your cash for gold. It is necessary to conduct a background check on the person you are dealing with and check with your local business bureaus to see whether there are any complaints filed against your customer. Another important point to keep in mind is the weighing scale. Jewelers and pawn shops have their scales verified regularly by the department of weights and measures but the same is not applicable on hotels and house party buyers. You must pay attention on how your gold is being weighed.

Some people weigh the gold by ordinary ounce (28 grams) and some use the Troy (31.1 grams). Some buyers pay according to the grams, others use penny weight system which is equivalent to 1.555 grams. When you are selling your gold, you must check carefully if your buyer is weighing by penny weight system but paying you in grams because that will get you less cash for gold. Before you sell your gold pieces to the scrap or for melting down, make sure they are not worth more the price. Sometimes it may happen that you think your gold has been lying around since ages and is worthless and whatever you can cash for gold is favorable for you. But it might be so that the gold piece is actually a very important artifact or antique which was just coated by the layer of grime over the years. So show your piece to a reliable antique expert before giving it up to the scrap yard.