Cash Your Gold With Open Eyes

Saturday, December 21, 2013
Did you know that a girl’s best friend is no longer the diamond? Recent studies have shown that girls prefer gadgets to gold and diamonds as gifts. The newer, the better. Those heirloom pieces which you treasured so that someday you’ll pass on to them will probably not be appreciated as much as the grandparents whished. Or, how about those earrings whose pairs have gone into thin air long ago? They are just staying in the jewellery box, right? No one is interested in them, and they’ve become useless shines.

But, wait. One can make use out of them, especially in these times of fluctuating economy. Why not go cash for gold? Gold, when just sitting there, is a dead investment. The more practical way today is to change it into cash, ready to be used anytime. The good news is, the price of gold has gone up 20% since last year.

Gold parties are held periodically in the United States. This is where you can have your gold appraised of its value and exchanged for cash in the spot, if you so wish. There are also companies that offer good prices for your jewelry – you just fill up a form, send the gold with it, then they will send you the money. Your jewelry is insured, and if you are not content with the transaction, they will send you back the item, you return the money to them, and that’s the end of it.

You have to make an informed choice, though, before you plunge in and get cash for gold. First of all, know the karat of your gold. When it says 14k it means your jewelry has 14 parts gold out of 24 parts. It follows that the more percentage of gold there is, the higher its appraisal will be. Secondly, if your assortments of jewelry have many different karat values, they should be weighed differently. So before you go and have them appraised, classify and separate them according to their karat values. Third, it’s always advisable to have some knowledge about your potential buyer. One’s reputation precedes oneself, and this goes for gold buyers, too. Be it an online buyer or a gold party buyer. There are many ways to know them – online, or through acquaintances who have had similar experiences.

The next thing is to verify the current value of gold. There are dealers who count on the fact that you are in a hurry, and will hurry to give you an underestimated value for your item/s. If you will have it changed, by mailing to any dealer, take a photo of your items before you send them. Ask your questions before you send your jewelry to them.

The design of your gold jewelry may also account for its price. Another wise move would be to have it appraised somewhere else, even if it will cost. At least you would know better about your gold.

Now here’s another fact. Gold buyers will only buy your gold at the most, 70% of its original value. Be prepared for this, too, so you have an estimate of how much you will get. Still, selling out unused gold can help for your planned vacation, new furniture or, yes, a new gadget that will make the young ones happy. Then it would be worth it.