subject: Don't Get Fleeced When Selling Your Scrap Gold [print this page] The gold rush has started with scrap gold buyers wanting to get their hands on your damaged, broken or unwanted jewellery. It does not matter what state it is in as they will melt it down into gold ingots to resell. These firms offer to buy your scrap gold for cash in a quick and seamless transaction.
Most of us find ourselves at an unjust disadvantage when selling our scrap jewellery. It is not reasonable to expect that most of us would know what the real value of scrap gold is or how much we should expect for our jewellery. The adverts on television inform potential customers that the price of gold has risen sharply. The advertisers are willing to buy any scrap gold above 9 carats irrespective of its condition.
Advertisers say they offer a fair price and explain how easy it is to turn your jewellery into cash for gold. Most gold dealers offer to double their original offer if you find a better offer from elsewhere. This is done to convince you that their offer is the best offer in town.
The value of gold has risen five fold during the last ten years. Dueto the price rises there has been an increase in the number of companies offering to buy your scrap gold. It seems as though they all are offering you a fair price for your scrap jewellery. All you need to do is telephone them or send an email and they will send you an envelope for you to return your broken, and unwanted jewellery to them. Once they have received your jewels they will generally send you a cheque for around 20% of the market value by return post.
If you're not satisfied with their offer you can always refuse their offer and ask them to return your jewellery. Today the price of gold is around 17 to 20 per gram. It seems that some firms that advertise on the television, the internet and radio are offering clients around 1.50 to 4 per gram. This is in sharp contrast to the more reputable high street jewellers that are offering their customers around 6.50 to 8.95 per gram. The price of gold will fluctuate from day to day so the price offered to you can of course change without notice.
'Caveat Emptor'
This means "Let the Buyer Beware." You should always beware when things sound too good and someone is willing to pay you money quickly. These gold dealers are not breaking the law as they are only making you an offer and it's up to you to accept or refuse their offer. There is absolutely nothing illegal in what these firms are doing.
These firms believe they are offering a service that allows people to sell their jewellery confidentially as they may be in financial difficulties and need to pay bills or they maybe trying to get out of debt. Unfortunately, these adverts attract people that are struggling with debts and are anxious to turn anything they have into quick money.
