The Best Way to Sell Your Gold for Quick Cash
Sometimes, we all just need some fast cash to get us through the month or to pay for something that we really want. In this case, you could have that cash already lying around your home in the form of old jewellery. Gold holds its value and has historically always done so. If you have gold rings, gold necklaces, and more old jewellery lying around your home, you could sell it for quick cash.
Advice on Selling Your Old Gold
There are a number of businesses that buy gold, but they are not all equal. You need to be careful when you go to sell gold because some business won’t even pay you in cash.
In the interests of finding a reliable gold buyer, here are some key pieces of advice:
- Research the Current Market Value First
The truth is that some gold buyers are just out to make a quick buck, and they’re more than happy to underpay you for your old gold. Before you start selling off your gold heirlooms, it’s a good idea to check the current gold price. This will give you a baseline about what a good gold buyer should be offering you. Then you can ask them what they’re paying and compare it with what you know.
- Research the Jewellery First
It should go without saying, but some pieces of jewellery from name brands or certain designers are going to be worth more on the second hand market than what you’d get for them melted down from a gold buyer. Before you sell off your gold, check out whether each piece is worth more to someone else first.
- Make Sure You Check Out Different Places
There are always a number of gold buyers around and it’s a good idea to check them out and do some comparisons. Don’t feel pressured to take the first offer you get. Make sure that you shop around to find the best price.
- Bring Your ID with You
All gold buyers need to verify your ID before accepting your gold for cash. This is required by law because some undesirable people steal jewellery and then sell it on for cash. Make sure you have an acceptable form of ID on you before you walk through the door.
- Only Accept Cash
Some gold buyers will try to give you a cheque for the gold you sell them. Avoid these people if you can because a cheque will take several days to clear. Only go to a gold buyer who can deal in cold hard cash.
Get the Price You Want for Your Gold
Lots of people have old gold jewellery lying around their home that they’ve accumulated. If you have some gold like this, you could convert it into fast cash.