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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

Combating Online Fraud When Selling Your Old Gold Jewelry

Combating Online Fraud When Selling Your Old Gold Jewelry

Demand for gold is at an all-time high because we are in the middle of the worst recession since the Great Depression over 60 years ago! Investors and countries buy gold in hard times because it is safe but this drives up the price which makes it attractive for those looking to sell their items. At the same time, it also brings out the worst in people who are looking to make money at your expense and in some instances, the simple criminal who is motivated by greed and easy pickings.

You can open any newspaper, turn on the TV or radio or simply perform a simple internet search and you will be bombarded with adverts promising top dollar, fast payouts and a safe transaction, but how do you spot the crook lurking amongst all of this?
Here are some simple tips for you to follow when you are doing business with a gold buyer online.

Deal With a Refinery Not a Middleman

Companies which operate their own refinery such as Refinity.com will provide the best price for your items because they are the ones who will actually take old pieces and turn them into “new” gold. You cut out the middleman who will be taking a slice of your profits. You can easily tell if a company is a refinery from their website or by performing a search engine check or looking them up in White Pages online. The risk of being conned by a refinery is relatively lower than if you are dealing with a middleman who may or may not be legitimate.

Check the Bona Fides of a Website

Here are a few things to look for when you are on the web site of someone offering to buy your gold. A reputable company will have a landline telephone number and not just an email address – the email address should look like this:
name@websiteaddress.com

The email address should not be from one of the many public email accounts such as hotmail, yahoo or gmail – this is a definite giveaway that something is not right!

Also look for a customer service section of the website so there is a definite process outlined for you as to whom you can contact within the company.

Another hint is to check to see whether they display the “spot” or current price for gold – a reputable company will do this and have no hesitation giving it to you over the telephone at any time.

The Selling Process

The process will look something like this – you email or telephone the company and they provide you with a secure, insured courier, to collect your pieces and who will also provide a receipt for what has been collected. This happens at a time and date convenient to you and within a very short period of time, a day maybe two, you are provided with a price which the company is prepared to offer you for the pieces. If you accept, and you may need to send in a declaration with your signature on it, you should be paid within two to three days at most.

Anything that significantly deviates from this should be treated with the utmost suspicion.

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