The price of gold is at its highest is ever been since 2013. Times might be hard and you might be wondering how you are going to get through the next couple of months with the economy being as bad as it has been in the first quarter of 2020. Well, you can find put that unused is jewellery you have lying around your house to good use. To can sell your used gold jewellery, even your old and gold jewellery for cash. There are a couple of things you have to keep in mind when you sell gold for cash.
Selling Gold Jewelry
Wait for the price of gold to go up
Gold increases in price when other asset classes and the stock market aren’t doing well. The price is also influenced by economic and geopolitical uncertainty, the means that you will get the best price during a weak economy and when things are generally bad. Things have not been this bad since 2008, and by the looks of things they might get worse. If you find yourself with old, broken and unused jewellery, this might just be the best time to sell.
Choose the best gold dealer who Specialises in the type of Jewellery you have to sell
It is important to find a gold buyer who specialises in the type of gold you have to sell. Gold buyers generally buy more than just gold jewellery. A lot of them buy bullion and other gold products. Evaluate your jewellery and if you have brand name pieces in good condition, do try to find a buyer who buys gold for more than just the gold content but someone who will also consider the market value.
Check the Gold Buyer’s Reputation
It is always a good to check the deputation of the company you are about to sell your gold jewellery to. Look for reviews as well as ratings on services like Trust pilot or Better Business Bureau. Always compare a number of companies before you settle on a particular one. Obtain quotes from at least three different companies and don’t be afraid to negotiate.
There are several places you can sell gold jewellery for cash:
You can sell your gold to a local brick and mortar gold buyer, an online gold buyer a pawnshop or to a gold jewellery.
When you sell gold jewellery online you can compare different online dealers from the comfort of your home. It’s easy, it’s convenient and you can get the best cash price for your gold. Here is w little things you should be aware of.
Do not ship anything until you can work out how much you should get.
Weigh your gold, separate your karats work out. Check the spot price. There is an easy way to do the calculations, find an online buyer with a cash-for-gold calculator. It should give you a rough estimate of what you should get. Some online buyers might charge fee to cover appraisal, shipping or insurance.
If you have the time, you should check out local buyers and pawnshops and compare prices. If you don’t need cash immediately you can hold on to your gold and wait for the price of gold to go up.