Why Do People Sell Their Gold - Know The Answers

Gold jewellery is sold by people to get money and meet exigencies

. However, the reason is not always so simple and straightforward. Other emotional and practical factors may also be responsible for somebody wishing to dispose of their old jewellery. Whatever the reason, it cannot be disputed that the current situation is the most ideal one to sell gold for cash as the price of gold has hit all time highs.

Some of the compelling reasons that force the hand of people into disposing of their old gold and silver are as under:

a) Broken or incomplete jewellery is one of the most common causes for people to think of disposing of their jewellery. Earrings without the matching piece, or clasps and links that are broken or twisted provide enough motivation to the holder of such jewellery to sell them off. While they may have at some point in time contemplated fixing them to their satisfaction, pure procrastination and lethargy in actually get it done results in these pieces of jewellery just gathering dust in their cupboards, and they now feel it appropriate to sell them off.

The other reason as to why people do not get their broken jewellery fixed is the exorbitant cost of repairs. The craftsmen demand a high premium to attend to gold that would have gone soft over time and requires much more effort and precision. Many a time, such costs are often more than the price you may have to pay for new jewellery and that is a great deterrent for people.

b) As with everything else, contemporary designs and style is always preferred by people and those who have a yen for everything current and in vogue would perceive their old jewellery to be out dated and may wish to sell them off. It is a challenge for them to find buyers who would want to buy such jewellery, unless the buyer is a connoisseur of old jewellery and wishes to add to his collection. Looking for such buyers is not an easy task and could be a costly one in terms of the advertisement costs that would need to be incurred.

The good news is that certain companies would be prepared to buy gold from people, irrespective of its vintage or condition. The seller would also not attract any penalty by way of reduced prices due to the jewellery being old-fashioned or unappealing.

c) Paucity of time is another reason for people to sell gold for cash. It is not easy to sell individual pieces of antique gold jewellery. You may be required to put in a lot of effort and time to find the right buyer willing to pay a fair price for it. This prompts people to sell all their jewellery to one buyer at a decent price. Now whether they would have received a higher price if they had sold them individually is debatable, but by and large people are happy to get something close to the figure they have in mind and do not mind disposing of old stuff for useful cash in hand. They are happy with the feeling that they do not have to contend with any left over pieces of old jewellery still occupying space in their cupboards.

d) Unpleasant memories may also prompt people to sell gold for cash and during such times; they are not bothered about the actual value that they get from the sale and just want to get on with life, having shed those unpleasant memories.

As is evident, people sell gold for cash for a variety of reasons.

There are as many reasons to sell gold jewellery for scrap as there are types of jewellery. If one of the above reasons seems like a perfect reflection of your own life, now is the time to sell gold jewellery and move on with your life

by: Lawrence White

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