subject: Where To Sell Gold For The Highest Price [print this page] Where To Sell Gold For The Highest Price Where To Sell Gold For The Highest Price
If you are selling old jewelry, bullion coins & bars or scrap gold, there is one group of buyers that will pay closer to value than any others.
It's insane, every time you watch TV or turn on the radio you hear cash for gold commercials. They all tout that they are the ones to sell to because they pay the highest prices of any other buyer.
I say hogwash!
A majority of those buyers melt the gold for profit. They buy at scrap value which is about 5% of retail and only 20% of what they will sell it to the refinery for.
So, where should one sell their gold to get the highest price, the best return for their gold jewelry or bullion?
It's simple!
Sell your gold to those who are buying gold for investment, gold buyers who are investors.
When you sell to investors they are not looking to resell it for scrap value to turn a quick profit. They will hold on to the gold for future profits when the price of gold rises.
Many investors are buying gold to preserve wealth. They feel more secure having gold as wealth rather than currency.
Regardless of their reason for buying, they will almost always pay a much higher price than pawn shops, jewelry stores, coin shops and those on the air cash for gold guys, who are full of hot air.
So, before you look for instant gratification in the form of instant cash, do your homework by finding an investor to buy your gold.
