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How to Sell Your Old Gold and Jewelry for Instant Cash

How to Sell Your Old Gold and Jewelry for Instant Cash

It has never been easier to sell your old jewelry and gold items, nor has it ever been more profitable too!  Gold is riding at an all time high on the back of the economic turmoil which has caused smart investors to buy gold as a safe-haven for their money.  This has caused the price to increase higher and higher, while the economy, including banks and stock markets have taken a huge tumble.

Many people are simply unaware of the windfall they have gathering dust in their drawers and homes.  Clearing out your old jewelry can result in usable cash which will pay down your credit cards, loans and household bills.  Even if you don’t need the money to meet your bills and loans, the cash can be used for something more practical such as buying a car, home improvements or simply taking a relaxing vacation without breaking the bank.

As the market for old gold has developed, there are now many buyers of second-hand gold who are vying for your business.  Simply perform a search on the internet or take the local newspapers and you will quickly see dozens of gold buyers who are looking for your business.  The question is which one do you choose to sell your gold to?

First of all, you should deal with a gold buyer who is a refiner and not a dealer.  Refiners are the ones who will actually process your old gold to make new, usable gold for sale in the market – they are prepared to give you a better price than the dealers who will themselves be looking to sell on to refiners and take a profit themselves.  Keep all the profit yourself by selling to the refiners.

You should look for gold buyers who prominently display the price of gold – this way there are no hidden surprises.  If you are dealing with a gold buyer operating on the internet, then you should make a few simple checks.  Check they are a bona fide company by making sure they have mailing and physical address for their operation; they also should have numerous contact methods including by telephone, fax and email; they will offer a streamlined service which will take a few days to complete.

Once you have decided who you will be selling your old gold and jewelry items to, you should expect the following to happen. You will receive a mailing pack which will give you instructions for itemizing and sending your gold in – this will be done by an insured courier at the expense of the gold buyer.  The gold buyer will appraise and value the pieces within a day or two and you will be notified of the offer.  If you agree, you should receive the check within a day or two and if you don’t agree, your gold items should be returned to you.  The whole process should take a week at most – not exactly instant cash, but very close to it!

Tags: Sell Gold, Sell Your Old Gold, Selling Jewelry