Cash for Gold Prices Gives the Best Price
You may have seen the TV adverts, the newspaper articles or even the signs on the street telling you that now is the ideal time to sell your gold for cash and these companies aren’t wrong. Even though we are in a recession scrap gold prices are going up, having doubled in the past 3 years. The price has risen so much due to two major forces in the world of economics; they are the continuing economic crises in major western economies and the associated monetary easing by central banks. All this means that selling your old jewellery can be a really easy way to get a few hundred pounds debt free and without much work. The process of getting cash for gold is really simple. You search on line for companies that buy your gold by searching for terms such as sell my gold. Then chose a website which is offering the best price by using their online cash for gold calculator , a from which is likely to give you the best scrap gold price. After a few days you will receive a gold pack in the post. Once you have received this, then simply send your gold in the gold pack using the pre paid special delivery envelope at your nearest post office.
Scrap Gold Prices
All good cash for gold websites offer competitive scrap gold prices. They should be able to phone or email with a price on the same day they receive your gold pack in the post. After which you will get your money either through bank transfer, cash or cheque. Although like with any thing in life. There are a few important facts to bear in mind to make sure you get the best scrap gold price. So first things first, you need to look for the jewellery you want to sell. Most websites only accept gold so avoid sending in silver or platinum. Also avoid sending in costume jewellery as this is often a metal compound and will probably be worth more by selling it on as second hand and you will not be able to get a scrap gold price.
What is Carat Gold?
Make sure the piece you are selling does not contain any gemstones as cash for gold companies only buy scrap gold. In the jewellery piece, look for a hallmark, the first indication that what you have is actually carat gold. When you see the words “carat gold”, this means that the item is made from gold alloy. It is not silver or steel which has been plated with gold. Rather it is an alloy of at least 37.5% or 9 carat gold. Another point is that pure gold is very soft and malleable. This means that it is not suitable to be used in jewellery items. Pure gold is alloyed with other metals such as nickel, copper or silver to enhance the durability of the jewellery item. Some pieces might not have a hallmark however, or the hallmark may have rubbed off so it may not always be the best indication of whether or not it actually is gold.
Why not go to the Jewellers?
A good tip is to take a piece of jewellery to a jewellers. Many will offer a verbal valuation on a piece of jewellery or will at least be able to tell you how many carats the piece in question is. If you ask nicely they may also weigh it for you. It’s best to know how much the items you are planning to send off weigh and unfortunately most kitchen scales are not accurate to measure small items of jewellery. Many jewellers will make on offer to buy pieces from you however in this climate you will find that they can’t compete with the prices on Cash for Gold websites, so unless they make an amazing offer, stick to selling it online!
Get the Best Cash for Gold Price
If you are planning to sell your old jewellery it’s best to shop around as prices can vary from website to website. How much you get per gram of gold also depends on the carat of gold that you are selling. As an example website one offers £10.70 for 1 gram of 9 carat gold compared to website two that is offering £12.89 for the same 1 gram. This can make a huge amount of difference if you are selling more than a couple of grams worth! When deciding which website to use for your old gold it is best to shop around. This is not only so that you can get the best scrap gold prices but also so you can check out the reputation of the company. Look for reviews by people about the website and customer testimonials. One of the best ways to check impractical testimonials and reviews of a company that you are thinking about sending your scrap gold is to search the companies name plus “review” or “complaints“. This will show on google if the company has any negative feedback in review sites or consumer advice forums. This will avoid you being scammed and making sure the company makes good on their promise to pay you the correct amount. Follow these simple steps and you can rest assured you are getting a competitive price for your scrap gold jewellery.
Never Speculate On What You Will Get
Although a word of warning, if you are planning to play the market and speculate on when the best time to sell your gold, you maybe making a big mistake. The gold price like many commodities is moved in the short term by market players, trying to guess when the best time to sell is very difficult if not impossible. For this reason it is best to sell sooner rather than later.
Now is a Great Time To Sell Your Gold
Remember that all kinds of people use these websites, from those just having a clear out to those wanting to make some extra money. Now is a great time to sell your scrap gold and by getting cash for gold. The secular economics forces that have driven the price of gold from £600 pounds a troy ounce in 2000 to over £1100 pounds a troy oz in 2012, are still as strong as ever. Monetary easing and continued economic contraction is the major western economies will not end in the near future. If any these forces are just starting to gather strength.