Are you looking for ways to trade gold for cash?
If you want to get the most money out of your gold all you need to do is do some research to find out what are the best ways to maximize your gold profits. Trading gold for cash does not have to consume your time and stress you out.
Here are some pointers to get you to the right direction.
First things first, gather all your gold items so you can evaluate them properly. If your jewellery is gold, it should range around the 10k and above mark. After that, find out what is the current market value of gold. Apmex is a trusted source for current spot prices that many dealers reference. Another great resource I like using is Kitco. Be sure to check out their charts section as you research the price of gold.
Now that you have a good idea of how much you can sell your gold for, you need to consider your options for trading gold for cash.
“We Buy Gold” More and more jewellery shops are putting up signs in their storefronts stating that they buy scrap gold. Pawn shops offer this type of service also. Pawn shops do this because it is relatively cheaper to purchase your unwanted gold than flip your gold and selling it to a refinery. Jewellery stores and pawn shops are interested in the melt value of your gold, not the resell value of it. I don’t generally recommend these places for exchanging your precious metals because they won’t give you the full value available elsewhere. But… they are easy and convenient.
Online gold buyers have been around a few years now. They offer to purchase your unwanted gold. They first evaluate your gold and once evaluated, they will offer payment for your items. Online gold buyers offer free return policy on your unwanted gold or jewellery. This means that if you are not satisfied with how much money they traded your gold for; they will send it back free of charge. Online trading of gold for cash involves no awkwardness in negotiating and above all, they offer more cash for your gold than brick and mortar establishments do.
Local coin dealers are my preference. These folks are more likely to have the experience dealing with precious metals. While some dealers don’t trade in scrap gold, most of the larger dealers are happy to take your gold jewelry or gold coins. The are also more aware of current spot prices and the trends.
These are your options for trading gold for cash. It is up to you which way you will go through in order to sell your unwanted gold and earn quick cash. You just have to make sure that you are comfortable with whoever you are dealing with and that you are never taken advantage of.