How to Sell Gold Properly
by admin - April 12th, 2011.Filed under: admin.
Buying gold has unfortunately become a massive scam from some companies within the last few years, all of which will not be named here, (they know who they are…) and I’m here to tell you how you can avoid getting
your gold essentially stolen from any of these crooks.
A pretty popular option within the last couple of years has been to sell gold to companies and websites that offer “free appraisals” when the gold arrives to them, and then, here’s the part I love, they DON’T tell you the value and ask if you’d still like to sell, they simply take the gold, give you what they think it’s worth, and run. The worst part is, 90% of the time, the poor sucker selling the gold didn’t know that he or she was actually selling the gold, they sometimes think they’re sending it simply to get an appraisal, not sell it entirely. Be very wary of any program that asks you to send your gold off to somewhere without any sort of up-front offer. I have a close friend who used one of these programs and was literally paid 3 dollars and 14 cents for a necklace that originally had cost over one hundred dollars. She had unknowingly been bound to a contract by using their free shipping service, and therefore could not take any legal action.
Another option for selling gold is usually the pawn shop. While, at the very least, you’re making the deal in person and have control over the gold being sold or not, and can even haggle on the price, this still isn’t your best bet. Pawn shops are sometimes owned by very, very honest people, and sometimes they are not. Either way, the shop owner is typically looking for the method that wields the highest profit. While you can sell your gold to a shop such as this, you’re probably better off with one of the following options:
Buying gold has unfortunately become a massive scam from some companies within the last few years, all of which will not be named here, (they know who they are…) and I’m here to tell you how you can avoid getting
your gold essentially stolen from any of these crooks.
A pretty popular option within the last couple of years has been to sell gold to companies and websites that offer “free appraisals” when the gold arrives to them, and then, here’s the part I love, they DON’T tell you the value and ask if you’d still like to sell, they simply take the gold, give you what they think it’s worth, and run. The worst part is, 90% of the time, the poor sucker selling the gold didn’t know that he or she was actually selling the gold, they sometimes think they’re sending it simply to get an appraisal, not sell it entirely. Be very wary of any program that asks you to send your gold off to somewhere without any sort of up-front offer. I have a close friend who used one of these programs and was literally paid 3 dollars and 14 cents for a necklace that originally had cost over one hundred dollars. She had unknowingly been bound to a contract by using their free shipping service, and therefore could not take any legal action.
Another option for selling gold is usually the pawn shop. While, at the very least, you’re making the deal in person and have control over the gold being sold or not, and can even haggle on the price, this still isn’t your best bet. Pawn shops are sometimes owned by very, very honest people, and sometimes they are not. Either way, the shop owner is typically looking for the method that wields the highest profit. While you can sell your gold to a shop such as this, you’re probably better off with one of the following options: