The signs are all over – Top dollar paid for gold; We pay cash for gold; Bring in your unwanted, unused gold. It seems like there are gold buyers everywhere you look.
“There are lots of places springing up that will buy gold, diamonds and other precious gems.
The market is very good for selling gold now, but consumers need to be careful. There are many places out there that don’t know what they are doing.
The first thing someone who has gold to sell should know is “Do your homework” . go online…check out the gold prices, understand what you can expect.
Gold prices listed online are for pure gold. Most gold that is sold in the aftermarket has impurities, and thus won’t be the same price as what you see on TV and hear about on radio.
Make sure you find a reputable gold buyer. Make sure, they have the price they are paying for gold posted and clearly visible. Make sure they have all of their certifications; from the state, from the township, and most importantly from the Bureau of Weights and Measures. Many gold buyers don’t have these.
Gold buyers should also ask for your ID and all weighing, judging and pricing needs to be done in front of the customer. Don’t let them take your merchandise ‘in the back and judge it and weight it back there, Items can be lost, dropped or even stolen, and you can’t be sure you are getting accurate information.
This is a great time for consumers to be selling gold and the statistics seem to bear him out. According to www.kitco.com, a gold pricing and historical website, the price of gold has risen dramatically. Between 2002 and 2003, gold was trading between $300 and $400 per ounce. Between 2006 and 2007, the price had risen to between $600 and $700 per ounce. By 2010, gold had reached almost $1,000 per ounce,
But that high was obliterated in 2011 when gold hit $1,900 an ounce – almost an 800 percent increase in less than 10 years. The price has leveled off somewhat in the last year. Through early May, gold was trading between $1,600 and $1,700 per ounce. That is still a huge increase since the beginning of the century, and still a great time to be selling gold. And while no one knows with any certainty what the future holds,
Gold may go up a little more in the next few months, then level off in the $1,200 or so range. That’s why
this remains such a good time to sell your gold. One of the critical elements that is suggested is that consumers look for a gold buying store that is comfortable. You have to be comfortable with the people buying your gold, For many people there is a sentimentality attached…as well as a concern that they are getting the best prices.
A good gold buyer does not do any resale’s, they are purely buying the items for the gold value. All of their gold will be melted down. That’s why a reputable gold buyer will review anything. Don’t think, just bring it in! A good gold buyer will analyze it for you. They don’t care how it looks broken, ugly, messy, or new. It doesn’t matter because its going to get melted down anyway!” A reputable buyer will also look at sterling silver, charm bracelets and even costume Jewelry. The lesson is that there is a lot to think about when you are selling your gold and other precious metal jewelry.
Finding a reputable gold buyer is critical to the price and comfort you have in the process. But as summer approaches, the gold market may be the only thing hotter than the weather and a perfect time to sell!