Cash for Gold –How can you getthe best value for your gold?Life is unpredictable and we never know when we will need money suddenly. During financial crisis, it may not always be possible for us to take out a loan to meet our needs. In such a situation, you can opt for the cash for gold option. With the help of this option, you will be able to sell off the unwanted gold that you have in the form of golf coins, jewellery, scrap gold old, etc. As the gold rates are going quite high, selling off these items will help you get a good sum of money.Getting the best value for your goldHere are some tips from the Better Business Bureau which will help you earn the best amount of cash for gold:Karat fineness: As gold is a very soft metal, it needs to be mixed with various other metals to give it hardness. As per rules, the Federal Trade Commission requires that all the jewellery sold in the country should mention their karat fineness.1 karat = 1/24 pure gold as per weight, so 22 karats would mean that a piece of jewellery has 22 parts gold and 2 parts other metals. You cannot call it gold jewellery if it is less than 10 karats.Differentiate the karats: You should also keep your karats separate and don’t allow jewellery of different karat value to be weighed jointly.Know the scales: It should be noted here that jewellers use “troy ounce” as a measurement to value gold. Thus, gold is measured at 31.1 grams per Troy ounce. Keep an eye on the weighing machine while the jeweller weighs your gold.
Know the market price: Before you hit the market to sell off your gold, make sure that you know the market price. Or else, jewellers will offer you a lower amount for your gold.Understand what you are selling: Not all gold jewellery will have similar value when you sell them off. Some will fetch you better value when you sell it off as is while others will be help you get better value if get them melted down.Try to know who the buyer is: Most gold buyers are registered with BBB. So, you can check out the details about your buyer from their website.Read the documents: Know the terms and condition while you sell off gold. You should check out the time period you have in order to cancel the deal. Take photos of the item you sell.Shop before you sell: Don’t accept the first offer you get. Shop around for getting other buyers and try to get the best deal in the market.Try to be practical: If you sell off gold at the gold parties, then you will be able to get 70% to 80% of the real value. Don’t expect more than that.Carry your ID proof: Gold buyers will ask you for your ID proof when you try to sell gold. Everyone follows this rule and if a buyer doesn’t ask for it, you should be cautious.Hope these tips will help you get the best cash gold!When there are exigencies, there are fewer options available to the person. The time is too short and decision has to be taken to come out the exigencies. In case, if the person is alone then there are greater chances of failure.
Cash for Gold