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What is the best way to go about selling gold?
by on Wednesday, June 9th, 2010 | 4 Comments
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Question by bpark73: What is the best way to go about selling gold?
I have some gold I would like to sell during this high time but have never done it and am worried about scams and sharks out there.
What method would give me the most money for my gold?
Any and all advice would be appreciated.
Best answer:
Answer by BrokenEye
the black market
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cash 4 gold
If the gold is worth 10 grand or more it would be risky to walk in the street alone. (I would ask a gold jewelry store that don’t rip off people much and tells them you know someone that want to sell gold you tell the person you think how much it’s worth. After that bring someone alone with you for safety/witnesses, stay there so the buyer would not steal or ripoff you.
Dont do the mail in your gold thing first of all. Go to your local jewlers and ask for quotes. I would go to at least 3 or 4 before you settle on a deal though. You will be amazed what they offer right now. These local jewlers will give you the best deal though. Try the smaller self owned ones first. And dont take the first offer!
be extra cautious when it comes to selling your gold and definitely do your research. I do think that mailing your gold in is the best way to get the most out of your money but you must do your research. When you sell to a jewelry shop or pawn shop, you are dealing with the middle man. Meaning that they have to give you less so that they make a profit when they sell it. One of the best and most reputable companies that I have come across is Empire Gold Buyers. You cut out the middle man and will make a great profit. They have a very loyal following and an excellent reputation. Best of luck with everything