Trusted Gold Buyers

Don’t Hold Onto Gold

Don’t Hold Onto Gold

Gold is a safe haven asset, which means when economic times get hard and the stock market is no longer the place for an investor, they will buy gold.  When big investors, such as the banks and mutual funds start buying gold in bulk, this makes the price soar and right now, gold is at an all time, record-breaking high.

The price for gold is now hovering around the $1,400!
This is the highest price for gold ever, which just shows how bad the economic situation has become.

With gold prices so high, a booming market has emerged for processing and buying second hand gold.  This is one of the beauties of gold – it is eminently recyclable.  Gold is fairly easily smelted down and separated into gold and any other metals which are used in making your jewelry, and once smelted it is a simple matter to create gold ingots, the bars which are used for selling gold on the bulk market.

There are plenty of reasons why you should sell your old gold items.
For a start, most old gold is simply doing nothing except gathering dust and being hidden out of sight in a drawer somewhere.  An old wedding ring or jewelry gift from an ex is probably put to better financial use as cash rather than simply lying around and acting as a painful reminder.  While some people like old, antique jewelry, for the most part what is sold on as second-hand items do not qualify as antique in any event, so from this perspective it’s just like trading in your car for a new one.

Another reason for converting your old gold items into cash is easy enough. We are in very hard, economically pressed times and paying down credit cards and loans is more important than keeping hold of old items with little value in them except for their gold content.  Many people think they have to keep their gold in case of hard times, as an investment for the future, but the price is the highest it has ever been!  This means you get the best price for your old gold you are ever likely to get, but at the same time you can convert it into cool, hard cash to help your finances through this bad time.

Finally, now is the time to sell – there is nothing more clear than this.  Right now gold is selling at $1,400 per ounce, but 1 year ago it was trading at $1,150 – the fear is that the price has peaked and is not going to go much higher, if at all. You should bear in mind that the price of gold is highly volatile; this means that just as the price can rise rapidly, so it can fall rapidly too. In fact, as soon as the economic recovery starts to develop, the investors who initially bought gold as a safe investment will immediately start dumping gold onto the markets in order to buy back into the stock markets – the stock markets will rise, but the sudden influx of gold will send the price crashing down again.

The bottom line: sell your gold now and lock in the record breaking gains while you can.

Tags: Sell Gold, sell gold online

Get the Best Price for Your Old Gold Jewelry

Get the Best Price for Your Old Gold Jewelry

Getting the best price for your old gold items shouldn’t be difficult, because gold is riding at an all time high of $1,400 per ounce.  This is an increase of $350 on the price from a year ago and it seems that gold has finally hit the ceiling on upwards price movements.  Why is gold riding so high?  The answer is simple – because the economy is so bad right now and investors buy it for safety.

If gold is at an all time high, how do you go about getting the very best price for your gold jewelry?

Follow our tips to maximize the value of your gold hoard.

First, shop around with you gold items and get a good feel for the market. You can try looking on eBay for similar items and see what prices they are getting for old jewelry. You can also see what the local jewelers have to say and of course, there are pawn brokers.

Do not forget to check out the gold dealers who buy old gold items.  As the price of gold has now soared, there is a thriving market for old gold jewelry, and usually you will get much more for your old items than from any other source.

When you are looking at selling to a gold dealer, be sure to check the price they are offering for gold.  This is called the “spot price” and this should be on display on their website or by simply making a phone call.  If you cannot find a spot price, you should not do business with the company: typically a spot price is not given because the dealer is either a middleman, looking to buy your gold so they can sell it on immediately for a profit (which means you end up with less), or because they are not a legitimate outfit.

If you have to send your gold jewelry to a company through the mail, insist they provide a fully-insured courier for you to use – at their expense! The same applies if you don’t like the price you have been offered and want your pieces back; again they should be returned to you via an insured courier at no cost to you.  Remember, dealers want your gold because it is so valuable at today’s prices – if they want it so badly, they should be prepared to either pay a reasonable price or pay for you to send your items to them.

There is a major temptation to hold onto old gold jewelry because the price of gold might rise further. The price of gold is extremely volatile, which means that it will rise and fall very fast. The price moves so rapidly that you have to check the spot price on the day you will sell your items to make sure the price hasn’t moved against you – it can drop a $100 in a day!  At the same time, gold is hovering at the $1,400 level and there is little upward motivation because the economy, though weak, is showing signs of recovery.  As soon as there are positive signs of economic revival, the price of gold will plummet as the money is moved back into the stock markets.  Waiting for a higher price could cost you hundreds or thousands of dollars you could get today for your old gold jewelry.

Tags: Sell Gold, Sell Jewelry

Top 3 Tips for Selling Old Gold

Top 3 Tips for Selling Old Gold

There has never been a better time to sell your old gold jewelry and items.  The reason why is simple – gold is valued at an all time, record high of $1,400 per ounce. The economy is also hard, which means that it is more important than ever to pay down credit card debts and any loans you have outstanding to ease the family budget and save as much money as you possibly can.
The question is not why you should sell your old gold, that’s easily answered – of course you should sell it!  The real issues are how do you go about getting the best deal for your items and how do you actually proceed?

Here’s our Top 3 Tips for selling your old gold:

#1 – Know What You Are Selling

When you look to sell your old items, the gold buyer will be paying you for the gold and nothing else.  When you have items such as diamond rings, or any piece which contains other precious jewels or other precious metals, you should arrange for these to be removed.  Use a professional to remove jewels, especially precious stones, because these can be sold on in their own right.  For the average diamond ring, there is probably more value in the diamond than there is in the gold content of the ring.

Maximize your cash return and know what you are selling before you send your items off to the dealer.

#2 – Check Who You Are Dealing With

There are plenty of adverts on the TV, in the newspaper and the internet for people looking to buy your old gold items.  The first thing you should do when deciding who you will do business with is to conduct a due diligence check – in other words, make sure the company is legitimate.
You can do this easily enough – check with the local Better Business Bureau or Chamber of Commerce to see if they are registered or have any complaints against them.  You can also do basic checks in the Whitepages and online, to see if they are a real business and check out any reviews you can find.

#3 – Only Send Your Items through an Insured Courier

Once you have decided on a company to do business with, you need to get your items to them so they can appraise them and come up with a price.  You should only ever deal with a company which is prepared to pay for a fully insured courier to collect your items from you.  If you are asked to pay for this service yourself, then bail out of the deal and do not send your gold – if the company wants gold so badly, they will be prepared to pay for it.

The same applies for having items returned to you: not every dealer will want to buy your items, or they will not offer a price you are prepared to accept.  In the event the deal is not going to go ahead, then you still should expect to have your gold items returned to you at no charge to you.

Tags: Sell Gold, Sell Gold Jewelry, sell gold online