subject: Now Is The Best Time To Sell Gold [print this page] The economic slowdown has had a very bad impact, with many of us under heavy financial burden. Those of us under a greater burden may have to think of disposing of old gold to meet commitments. The good news is that there has been no better time as the current to sell gold for cash, since the prices of gold have hit an all time high.
You will thus get much more money today than you would have ever got in the past. However you must ensure that you take the online route to finding genuine gold refiners who would be in a position to pay you a fair price for your old gold and help you meet your commitments.
Let us understand the steps involved when you wish to sell gold for cash.
a) The first step in this process is to get quotes and though the local pawn shop or jeweller may seem to be the best options for this, it is not advisable to approach them. That is because they will not be interested in helping you out by giving you a fair price. The pawn shops are used to desperate clientele and are generally not in the mood to bargain with a customer. They have been so used to having the upper hand that they will invariably quote something that is only beneficial to them, and expect you to toe the line.
It is a fact that they specialise in ripping customers off and they should be your last option when you wish to sell gold for cash. Jewellers are no better. They have a reputation of indulging in a lot of technical talk and totally bamboozling the customer with the result that the customer feels they have got a good deal - only to discover later to his chagrin that he has been led up the garden path and the trust he had in his jeweller has been belied.
b) It is therefore better to approach companies who buy old gold through the internet, and here you must look for companies that are reputable and give you a guarantee for the price they quote. You may need to ask for quotes from different companies before deciding on one. They should also have the gold calculator on the site so that you know you are getting the right price. Once you do locate the right company ensure you take out any precious stones from the gold jewelry and hand over only the gold to the company. You can get a better price for these stones from your local jeweller.
c) Finally, knowing the correct value of the old gold in your possession is something you should not compromise on. This will ensure that you remain in control during any negotiation and will return with a good deal.
The above steps should prepare you well to sell gold for cash at the appropriate price and not get a feeling of having been shortchanged by somebody unscrupulous.
