Designer Jewelry Experts

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If you want to sell gold jewelry in this very tough economy that we are in right now, you should be very cautious of how you go about finding a company or individual to buy your gold. Finding the top gold buyer is very important if you are going to get the most money possible for your gold. Keep reading if you don’t want to fall for the cash for gold scam and get ripped off.

Just like you, I have taken these hard economic times on the chin. So many of us are having a hard time paying bills. Here is what I have uncovered about the cash for gold market.

If you have watched the news at all over the last several months, you know more than anybody that the price of gold is at a lifetime high. The important question is figuring out how much your gold is really worth. The most basic way to figure out how much your gold jewelry is worth is to find the hallmark or karat stamp. You will find a 14K or something similar.

The price of gold that you find on the cable news channels is for pure gold sold on the open market. For example 14 karat gold is only 58% pure. So keep that in mind when evaluating your jewelry. How do I know the percent purity? It’s easy! Just divide 14 by 24 and that gives you its purity.

If you find yourself with an unexpected bill that is due tomorrow, pretty much your only choice is to choose a pawn shop or similar type of gold buyer. Why you ask. Because this type of gold buyer can very quickly examine your jewelry and offer you some cash in hand on the spot. But I would not consider this type of buyer as my first choice.

Pawn shops are a great place to find a used laptop or bicycle. But if you have gold jewelry to sell, don’t bother with a pawn shop or jewelry store. They are going to hold back on their offer because they need to make a profit when they re-sell it to a gold refinery to be melted for scrap.

See this article on how to Trade Gold for Cash and find out how to get more money for your gold.