Sell Gold in the Lucrative markets like Canada

Sell Gold in the Lucrative markets like Canada

Gold is important in monetary markets because it has intrinsic value. That's why an investment in gold can be a hedge against inflation. Now a day's, almost every one of us is suffering shortage on money at one spot or another. It could be about the payment of bills, or needing fund for some kind of emergency. Either way you need fund to get rid of problem. If you have some old gold jewelry sitting idle in your jewelry box for ages, now is the time to get back in action. There is a quick and easy way to get some extra money, without any kind of risk to you.

If you want to sell your gold in Canada, then you will have to evaluate your gold's worth according to the market. For this you will have to get appraisal for you gold piece, in order to sell your gold in Canada. This can be done by professional appraisers, who are everywhere in Canada. They can evaluate the value by estimating the perceived direct costs of producing the item, and then add markup to the cost. Another way, which is more acceptable these days, is the systematic research in the market place. In this way they can find prices for comparable items. They can ensure this by visiting Suppliers of jewelry metals, Suppliers of finished gold items, or Auction Catalogue. If you don't want to spend money on appraisers, then you can do it yourself. If you have a branded piece of jewelry, then you can obtain the exact value form that company, while selling your gold in Canada.

In order to sell your gold in Canada, you should have proper knowledge of market. In Canada gold from 9K to 24K is acceptable as gold. Get the amount of content in your item by looking for stamp on it. If the karat stamp is not marked then you should test it to determine the karat and type of metal. This can be done by electronic metal tester or acid test.

After that, you should get the weight of your gold. In Canada, the weight of gold is measured in a troy ounce, which is around 31.1 grams of pure 24K gold.

Now you can go to any retailer and make your offer. But keep in mind that cash value for gold jewelry is very less as compare to the appraised price. Now you wonder why; the reason is the appraised value of a jewelry piece includes the labor and the retail mark up. These retail mark ups on jewelry could be beyond belief. So you have to offer price that will be much less than you paid for it. But as you know, prices are going up on the rocket's speed; you will get a fair share by selling your gold in Canada. For example; you may have bought a 24K piece on CAD$100 per 10 grams, now it is almost CAD$ 450 per 10 grams.

Another way to sell gold in Canada is by doing it online. There are thousands of websites which offer their services. You have to sign up with a certain website. They will get your information, and then will send an envelope or a box. These packs are insured so it will cost you nothing. These websites provide you with the facility of tracking, while you sell your gold in Canada, so you can track your jewelry on its way to the company.

Upon getting your jewelry, their trained professionals will weigh the item and evaluate your pieces. After deciding on a fair price, they will send you a check within two business days. If you are not happy with the offer, while selling your gold in Canada, you can negotiate with them on phone. Most of the time, customer get add up amount after such negotiations. But if you don't like the offer at all, they will send back your item in few days. And you have to send the money back in 10 or more days.

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