Sell Gold For Some Extra Cash
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Posted On :
May-03-2011
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Article Word Count :
1139
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Whether you need some extra cash to help pay for a family holiday, or you have a pile of old and broken gold jewellery lying around the house.
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Whether you need some extra cash to help pay for a family holiday, or you have a pile of old and broken gold jewellery lying around the house, selling gold jewellery is a good way to get rid of items you no longer wear and make some extra cash in the process. Thanks to the inflation of scrap gold prices, anybody that has gold jewellery is in a strong position to sell and benefit from these high prices.
When you look at gold prices, you should be aware that that is the trading price for pure gold, which is 24kt. 24kt gold is very soft and so it is unusual to find jewellery made from such pure metal. In the case of most jewellery you should expect your gold to be 14kt which is 58% pure. This means that 58% of that jewellery is gold while the remaining weight is made up of a variety of other metals and minerals.
Unfortunately, this doesn’t mean that you will receive 58% of the daily scrap gold price. The buyer needs to make a profit in order to make the purchase worthwhile and because of the number of middlemen that stand between you and the market gold value, you should expect to see a portion of the published price.
With that said, gold prices are very high and have been for some time. This has given buyers confidence that they will be able to make their money even by buying at a reasonable price and with the number of services offering to buy gold, the increased competition on the market is only good news for you, the seller.
If you do decide to sell gold jewellery then the process is a simple one. Online gold buyers will provide you with an address to send your gold to and many will also provide you with a prepaid envelope. Once they receive your items, they check for the quality and purity of gold and the existence of hallmarks. They will then weigh the items and provide you with a price for your items. You are free to accept or reject this price and, if you choose not to take the price, then your jewellery will be returned to you.
Whether you need some extra cash to help pay for a family holiday, or you have a pile of old and broken gold jewellery lying around the house, selling gold jewellery is a good way to get rid of items you no longer wear and make some extra cash in the process. Thanks to the inflation of scrap gold prices, anybody that has gold jewellery is in a strong position to sell and benefit from these high prices.
When you look at gold prices, you should be aware that that is the trading price for pure gold, which is 24kt. 24kt gold is very soft and so it is unusual to find jewellery made from such pure metal. In the case of most jewellery you should expect your gold to be 14kt which is 58% pure. This means that 58% of that jewellery is gold while the remaining weight is made up of a variety of other metals and minerals.
Unfortunately, this doesn’t mean that you will receive 58% of the daily scrap gold price. The buyer needs to make a profit in order to make the purchase worthwhile and because of the number of middlemen that stand between you and the market gold value, you should expect to see a portion of the published price.
With that said, gold prices are very high and have been for some time. This has given buyers confidence that they will be able to make their money even by buying at a reasonable price and with the number of services offering to buy gold, the increased competition on the market is only good news for you, the seller.
If you do decide to sell gold jewellery then the process is a simple one. Online gold buyers will provide you with an address to send your gold to and many will also provide you with a prepaid envelope. Once they receive your items, they check for the quality and purity of gold and the existence of hallmarks. They will then weigh the items and provide you with a price for your items. You are free to accept or reject this price and, if you choose not to take the price, then your jewellery will be returned to you.
Whether you need some extra cash to help pay for a family holiday, or you have a pile of old and broken gold jewellery lying around the house, selling gold jewellery is a good way to get rid of items you no longer wear and make some extra cash in the process. Thanks to the inflation of scrap gold prices, anybody that has gold jewellery is in a strong position to sell and benefit from these high prices.
When you look at gold prices, you should be aware that that is the trading price for pure gold, which is 24kt. 24kt gold is very soft and so it is unusual to find jewellery made from such pure metal. In the case of most jewellery you should expect your gold to be 14kt which is 58% pure. This means that 58% of that jewellery is gold while the remaining weight is made up of a variety of other metals and minerals.
Unfortunately, this doesn’t mean that you will receive 58% of the daily scrap gold price. The buyer needs to make a profit in order to make the purchase worthwhile and because of the number of middlemen that stand between you and the market gold value, you should expect to see a portion of the published price.
With that said, gold prices are very high and have been for some time. This has given buyers confidence that they will be able to make their money even by buying at a reasonable price and with the number of services offering to buy gold, the increased competition on the market is only good news for you, the seller.
If you do decide to sell gold jewellery then the process is a simple one. Online gold buyers will provide you with an address to send your gold to and many will also provide you with a prepaid envelope. Once they receive your items, they check for the quality and purity of gold and the existence of hallmarks. They will then weigh the items and provide you with a price for your items. You are free to accept or reject this price and, if you choose not to take the price, then your jewellery will be returned to you.
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Article Source :
http://www.articleseen.com/Article_Sell Gold For Some Extra Cash_61189.aspx
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Author Resource :
Looking to sell gold to make some extra cash? Visit Cash4MyGold.co.uk to receive a fast and fair valuation for your items.
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Keywords :
cash 4 my gold, gold for scrap, cash in my gold, sell my gold for cash, cash for my gold, selling gold for scrap, selling gol,
Category :
Fashion
:
Jewelry
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