Lots of people in these tough economic times are looking for a quick profit by exchanging their unwanted gold for cash. You are going to have to do a little bit of simple research if you are going to get the most money when selling your gold.
Maybe I can point you in the right direction by giving you a few pointers. Selling your unwanted gold jewelry does not have to take a whole lot of your time or be a frustrating experience.
Here is how you exchange your gold for the most cash.
The very first thing to do is gather all of your gold that you are wanting to sell so you can get an idea of what you have. Gold jewelry will have the karat stamp on it. You should find a 14k or 18k stamp on it somewhere. Now you need to determine what the current market value of your gold is.
One good place you can start to look for the price of gold is the cable business channels. Be careful not to focus on that price too much. This is the value of gold on the open market, but it will give you a ball park price for how much your gold jewelry is worth. Do a little more research and look for the spot price of gold.
What about online gold buyers?
Online gold buyers have been doing business for a number of years now. Most of them off a very simple process that allows you to mail in your unwanted or broken gold jewelry so they can evaluate it for you. After they have check out your gold, they will make you an offer.
Check to make sure that the online gold buyer that you choose has a return policy or some sort of guarantee on your jewelry. Most of the good ones will send your gold items back to you, free of charge if you are not happy with their offer.
When using an online gold buyer, there is no uncomfortable haggling and you should never feel like some one is pulling the wool over your eyes. But most importantly, they offer more money than the average jewelry store.