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

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

Basics Of Selling Gold Online – Cash For Gold

Basics Of Selling Gold Online – Cash For Gold

A sluggish economy and an uncomfortable job market have motivated many people to begin looking for ways to generate extra cash flow. Some hope to raise funds to catch up on paying bills. Others need money to pay for unexpected car repairs, broken appliances, and other minor emergencies. Still others hope to earn extra cash to pay for a vacation for them and their families. Selling gold online is becoming increasingly popular as a quick and easy solution.

Online buyers will gladly purchase your gold earrings, chains, rings, and other jewelry for a competitive price. The problem is, there are many potential pitfalls that threaten to entangle the unwary. This article will help you avoid them. We’ll describe how to find a trustworthy buyer, and explain the difference between brokers and refiners. You’ll also learn what to expect throughout the entire process.

How To Find A Reputable Buyer

As you likely realize, the price of gold has risen steeply over the last few years. It is currently lingering near historic highs. This has triggered an interesting trend: there has been a massive influx of online buyers who are advertising aggressively to buy your scrap gold. Most of these companies are new and lack an established track record. It’s difficult to know whether they are reputable. It’s important for you to take measures to protect yourself and your gold items from fraud.

First, visit the buyer’s website and look for contact information. There should be a way to contact the company by phone.

Second, look for a track record. The longer, the better. If a buyer has been active in the gold-buying industry for over a decade, that is an indication they are reputable.

Third, determine whether the buyer is a refiner or a broker. The difference between them may seem slight, but is actually more significant than sellers realize.

Brokers Versus Refiners: What’s The Difference?

Most of the buyers that have appeared online over the last three or four years are brokers. These companies advertise heavily to attract sellers. They buy the sellers’ scrap gold items, paying a rate that is competitive with other brokers, but lower than the rate offered by many refiners.

Refiners, on the other hand, buy items containing gold and put them through a complex refining process. Once this process has been completed, the gold is sold to jewelry manufacturers. Many people remain unaware that refiners will purchase gold directly from sellers. What’s more, they’ll offer a higher price per ounce than brokers. Depending on the amount of gold contained in your broaches, bracelets, and class rings, the difference may be hundreds of dollars.

What To Expect While Selling Your Gold Items

A reputable buyer – preferably a refiner – will allow you to create a personal, protected account on their website. This is the platform through which they can communicate an offer to you as quickly as possible. You should be able to print a processing form on which you itemize your inventory (e.g. type of jewelry, etc.) before mailing your items. Many buyers will gladly send you a postage-paid, insured mailing kit in which to send your old scrap gold.

Once the refiner has received your package and assessed each individual piece, they will make an offer. If you accept their offer, they will send a check for payment. The most reputable buyers will mail your check within two or three business days. If you decide to decline the buyer’s offer, they will place each piece back into the package and mail it back to you.

Selling your gold online is a simple, quick method for turning your broken and forgotten scrap gold into cash. But make sure you work with a reputable refiner. That’s the surest way to enjoy a smooth, fair transaction.

Tags: Cash For Gold, Sell Gold, sell gold online