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Thursday 23 November 2017
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Getting money for your gold

Getting money for your gold

Sometimes life throws us a curve ball, setting us up for situations that we solemnly find ourselves prepared for. For instance, when I was in-between jobs, I got into a nasty car accident. Which left me in a position where I could not work even if I wanted to. As we all know, bills still need to get paid regardless. Luckily, the insurance company was able to pay for the damages to myself and the car. But, I was not bringing in enough to cover my basic expenses. Which left me in a pretty bad place as you can imagine.

Though, I did inherit a few gold pieces of jewelry and assorted coins a few years back. With this I was able to get cash for gold from a local dealer. So, if you have a few pieces of gold or any other precious metals lying around, you can exchange it for money to help get by.  But, if you have never sold gold before, you may not know what to look for, to get the best deal for you. Below are some of the things you need to look for, when looking for a buyer.

The first thing is to find a creditable buyer and seller. The way you can find this, is by researching them online. Sites like the better business bureau at designed to help you avoid bad business practices. Providing you the customer feedback and other crucial information that you may have not know of. Things like having a proper license to sell and buy gold.

Next is how long the establishment has been running. A business can have a good rating if there is a lack of history with the location. It does not mean that they will swindle their customers, it is just something you need to consider before buying or selling a high value item. If you the only location that is near you happens to be fairly new. So, if this happens to be the first time that you are selling gold, it is recommended to avoid these places, until you know what a fair price is.

Lastly, if you find yourself in a desperate time, you need to stay away from pawn shops. It may be considerably more convenient for you, but you will find yourself getting less for your gold. They often do not have the resources to properly apprise the material, furthering the loss you will take overall. So, if you are in a bind, it is better to hold out in the long run.

Even if you don’t find yourself a situation like my own. Getting cash for gold, can serve you in other ways. Trading in old jewelry to get something for yourself or taking a trip that you always want to go on. There are plenty of reasons to sell your gold. Just make sure you take the time to find the right buyer and enjoy the money you had been sitting on.