Turn Your Gold Into Cash
Gold is the most malleable of metals and may be considered a treasure forever, aside from diamonds of course. Thus, people go to all lengths possible to acquire gold. The acquisition of gold has been considered by many as a very good venture. In fact, even the broken ones demand a price when sold and bought.
Gold items include bars, fine china with gold trimmings, coins, medals and other forms of recognition, that old man’s gold-laced tooth, and jewelry such as watches, earrings, necklace, bracelet, pendants, charms, bangles, and cuff links.
Gold may be in fine bright, shiny white, or reddish rose yellow. Gold jewelry may be comparable to real property investment, which is appraised higher through the years. It’s much unlike automobiles, pieces of furniture, gadgets, or appliances that depreciate as fast as the proverbial wink of an eye.
If you are in a hurry for cash, then having gold ornaments can be the answer to your problem. Unlike the other assets listed in the left column of the balance sheet, gold jewelry, even if broken and with missing parts, may still be sold at a premium. Just bear in mind that jewelers look for the purer, high quality gold in your items so you may demand a good price for your prized possession.
Really ready into selling your gold wares? Gather your gold, broken or not, then have someone appreciate or value all of it, and be emotionally and physically ready to part with it. You need to do some assessment yourself, so as to determine the karats for each piece to know how much each is worth. Group together those made of pure gold, as these get a higher price than the others. Of course, you need also to assemble the ones that have the same karats. Determine if you have designer gold pieces, as these command a higher price range. Do attempt to have your jewels weighed by a friendly trusted pawnshop in the neighborhood. The Internet is also a big help as to the current pricing and other concerns.
Being a bit knowledgeable on these can help you ask for higher payment.
Just a tip to get more: Your weighed jewelry equate as to how much cash you would be getting. Therefore, it’s very important that you be informed of the Troy ounce system being used by jewelers in their scales to determine the weight of gold. It is 31.1 grams per ounce, contrary to the belief of many which is only 28 grams. Just try to befriend the pawnshop owner to know exactly what this implies when you sell your gold.
You need to do some physical work also. Do scout for people or businesses who have a history of buying and selling broken gold jewelries. Ask your references some invaluable questions as to a possible list of good buyers, the current market value of the jewelry per karat or per gram. Gather facts. Study well the collected data and do some computations on your possible earnings before you finally decide. Just like stocks that would require some good judgment and perfect timing when being sold or bought, you have to have a grasp of what you are into.
Remember that when selling your broken gold jewelry, there are always risks involved. Be sure to do your homework and research well on people or local businesses that trade or buy gold so you can get the most out of your precious gold jewelry.