Selling your “junk gold” for cash should be easy and hassle free. That is if you follow a few ground rules. Notice that many gold and jewelry buyers will not publish their prices. Maybe it’s because they don’t want you to know how little they pay! Make no mistakes – gold is worth more than ever. If you’re shopping around, and a company doesn’t publish its price - beware! By the way, “not publish their price” also accounts dealers that promise you 99% of gold value. Take these few rules into consideration when planning to sell your gold:
- The day’s gold value is known as the London PM Gold Fix. This is the value that the gold will trade at for each day:
- 10kt is 41% percent pure gold, 14kt is 58% pure gold, 18kt is 75% pure, 22kt is 91% pure and finally 24kt is 100% pure. So if gold is trading at $1000 per day and you are selling 14kt gold - then its value will be $580, minus the refiner cost to melt, refine and any other profit they look to make.
- Most legitimate gold & jewelry buyers will pay between 65-85% of gold value. This is fair deal due to the daily fluctuations of gold's value plus refiners’ costs. Beware of false offers promising 90% or better - the cost and daily gold fluctuations make this promise impossible to keep.
Reputable gold buyers will always publish what they pay for gold and update it daily. At
Global Gold & Silver transparency builds trust between us and the consumer and the buyer. So before you decide to transact business with any establishment, you are strongly advised to research their legitimacy. Look online for customer reviews, ask your friends and family, or just head on to
www.jewelryscrappers.com and sell your gold with confidence.
