So you want to go on a long-overdue vacation, or you want to buy yourself or a loved one a gift but money is just too tight. Well, Los Angeles Gold Buyers if you have some old unwanted or broken gold jewelry you may just have your wish. In fact, you probably have some old jewelry lying around that you probably forgot you had.
Is today a good time to sell unwanted gold?
Due to the slumping currencies, global economic downturn and reduced gold production, gold prices are at an all time high. If you want to cash in, there has never been a better time in history.
Preparation to sell your gold
In order to achieve the best price for your gold, you should do a few things to prepare.
- If you look closely on your jewelry, you should see a marking of the Karat value. Los Angeles Gold Buyers This marking indicates the purity of the gold. If you can't find this marking, you will need to have a professional give you an appraisal.
- If you really want top dollar for your gold jewelry, you may want to sell it privately to a collector or jeweler. However, if you are just looking for quick cash, an online gold dealer or refiner may be your fastest and easiest option.
- If you know someone with a precision scale, you should have your gold weighed. Please note that you will have to remove any diamonds or stones in order to weigh the gold accurately. eBay offers many good quality precision scales for quite cheap if you don't know anybody who has one.
How to Sell Jewelry through Online Buyers?
Online gold buyers have become quite plentiful these days, no doubt due to the high price of gold. This is good for you, because this competition gives you the selling edge for the potential of the highest price.
Here are some tips
- Legitimate gold buyers will send you a free mail-in kit to protect your property while in transit to them. They will provide insurance for your jewelry and have a reputable courier like Los Angeles Gold Buyers FexEx or UPS do the pick-up. The documentation will include a tracking number.
- In about two to three days from receipt, you will be sent a check in the mail. Reputable buyers of your gold, silver and diamonds will offer a money-back guarantee if you are not totally satisfied with the amount of the check.
- You will have the option to send back the check if you are not satisfied with the amount and they will send you back your jewelry at no extra charge.
- Before you sell gold jewelry online there are some facts you should know. Most online buyers pay very little for the gold they buy.
- After reading this article you will know what group pays the most, it may surprise you!Since the start of the gold boom, around 2006, cash for gold buyers have popped up everywhere.
- You can barely make it through a day of listening to the radio or watching Television without hearing someone screaming the words "Cash For Gold." Even while surfing the Internet you see their ads everywhere you look.
- One company even had ads during the last Super Bowl where they cost millions of dollars.Have you ever bought advertising before? Los Angeles Gold Buyers It's pretty expensive!Who do you think is paying for all of this high priced advertising? YOU, if you sell gold jewelry online to these buyers!There is no way they can be paying top dollar, like they indicate, if they are spending that much money on advertising.
- It's no secret that they pay very little when you sell to them. In fact, a TV station in Florida did an investigative report on one of the online cash for gold companies. They sent some scrap gold to them and received a check for only 17% of its value.So, how does a person sell gold jewelry online and not get ripped off?There is one group that pays better than any other type of buyer and they are Investors in gold. There are several reasons why they pay more.The biggest is that they don't spend millions of dollars on advertising. Also, they have no rent to pay, utility bills, or payroll to meet. Most of them have no expenses at all because they buy out of their residence or office.
- Buyers who are Gold Investors hold on to what they buy for financial security when currencies lose value, and as a hedge against the decline of other investments.The fact is, buyers who are investors will pay more for gold than any other type of buyer.Before you sell gold jewelry online, find an investor, they will be happy to pay you a fair price.