ULTIMATE GUIDE TO SELLING GOLD

Learn the Best Methods for Selling Gold

LURIYA.COMA Publication of

Content:

AVOID MAKING COSTLY ERRORS

5 REASONS WHY YOU SHOULD DO YOUR RESEARCH

RESEARCH YOUR GOLD SELLING OPTIONS

FINDING THE RIGHT GOLD BUYER

10 COMMANDMENTS OF SELLING GOLD THAT WORK

SELLING GOLD IS A BIG BUSINESS

THE BREAKDOWN FOR SELLING GOLD

LOOK TO SELL GOLD PROFITABLY

CONCLUSION & ADDITIONAL RESOURCES

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Gold has been going up for some time now with no signs of stopping.

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Selling gold in today’s economic downturn is big business; frankly, you want to be on the positive side and get a piece of this, instead of letting the gold buyers make like kings.

Pawn shops, street vendors, scrap metal buyers are all taking very good advantage of the fact that so many people are clearing out old gold bracelets, unworn jewelry, gold coins and more in order to get a little extra cash.

Best Methods For Selling Gold5

Avoid Making Costly Errors

Because of the soaring price of gold, there are many different avenues you can take when you want to sell your gold. Trying to navigate all the potential buyers can be like walking through a minefield, which is ex-actly why Luriya provides this guide to first-time gold buyers.

People know that you will be tempted to accept any price that seems high, even if the reality is that you are being shortchanged by a significant percent-age. Just because your gold item is old and unused doesn’t mean you shouldn’t get fair value for it.

It’s pretty much a free-for-all out there, with vendors popping up everywhere and offering people what seem like great prices for the gold in old jewelry that isn’t being used any longer. Gold has been going up for some time now with no signs of stopping, so the number of such people is only growing. Just a little bit of extra research can get you a lot more cash

In the next sections you will learn tips on how you can avoid making costly errors, and learn the best methods of selling gold, which can be the difference between making a little extra change, and a lot of extra. As such, it is important to keep in mind the crucial points it this guide.

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5 REASONSWHY YOU SHOULD DO YOUR RESEARCH

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Research Your Gold Selling Options

Understand the gold market around the time you plan on selling. The price of gold can fluctuate quite a bit during a period of economic upheaval, and you want to be sure you’re fully aware of the market value before you embark on your trek to find the best buyer.

Do the research involved in understanding how gold is valued. Since most jewelry isn’t anywhere near pure gold, you should find out the gold content be-fore you sell so as to have an idea how much money you can make. Regardless, you should be paid only by the ounce, so be skeptical of any other measure-ments used.

If you end up selling gold to a company that isn’t operating within the parameters set by law, then you could lose your gold.

If you opt for a mail-order company (you have the best chance of getting the most cash for gold). It is also important to find out their package insurance policy (do they insure your gold while it’s in transit, and for how much?)

When looking for where to sell gold, your knowledge of the karats, weight and market value of the gold will help you see through makeshift dealers without any history of buying gold.

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“A grasp of these basic rules should be enough to give you a leg up on the competition”

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Finding the Right Gold Buyer

The market for selling gold has risen drastically recently, with gold buyers popping up left and right in different venues, hoping to convince you to part with your wares.

When trying to sell gold in this current climate, the one good thing about the plentiful availability of all the buyers is that you are afforded an opportunity to get different quotes and appraisals. You can, in ef-fect, shop around for prices that correspond to official quotes, and use these to determine what you should expect when you finally choose a buyer.

Because the price of gold is one of the few things seeing positive increases in the current economy, you can probably find people willing to buy your gold almost anywhere you look.

This availability of buyers, however, must be scruti-nized, to make sure the one you choose is as closely aligned with your best interests as possible.

How to Choose Your Buyer?

Shop Around For Prices

Lots of Buyers

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Best Methods For Selling Gold8

You want to position yourself to get the best price for your gold from among the many competitors for your business. Street corner vendors, popular malls, pawn shops and online buyers are all available for you to investigate and discover the best price for your gold.

Another useful tip when looking for where to sell gold, is to check out the potential buyers’ gold ap-praisal resources or service. Reputable companies are far more likely to have a verifiable source for appraisals.

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Avoid selling gold to a middleman, such as a scrap metal dealer. The reason for this is because the only way they get paid, is to buy your items for much lower prices, before selling it to the refiner at wholesale market value.

There are plenty of resources available for you to gauge the price on your own (roughly), and then compare this to the offers you receive from the intended buyer.

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10 COMMANDMENTSOF SELLING GOLD THAT WORK

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Selling Gold Is a Big Business

Selling gold in today’s economic downturn is big business; frankly, you want to be on the positive side and get a piece of this, instead of letting the gold buyers make like kings

Pawn shops, street vendors, scrap metal buyers are all taking very good advantage of the fact that so many people are clearing out old gold bracelets, unworn jewelry, gold coins and more in order to get a little extra cash. Knowing the best methods and who you should buy from can be the difference between making a little extra change, and a lot.

As such, it is instructive to keep in mind these ten crucial points before looking for a gold buyer

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Be On The Winning Side“ ”

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THE BREAKDOWN FOR SELLING GOLD

SHOP AROUnD

DOn’T GET LOW BALLED RESEARCH

KnOWLEDGE

InSURAnCETake steps to ensure that your gold is fully protect-ed when you send it off to the mail-in company. For example, some provide a padded, prepaid envelope and pay for the insurance too.

Once you have answered these key questions, you can get your cam- paign started at http://www.facebook.com/business/ads/

Read the material there to become more familiar with the best practices and then click the green Create an Ad button.

While it is generally a good rule to avoid selling gold to a pawn shop in favor of an online vendor, this doesn’t mean pawn shops can’t be helpful; ask them to appraise your gold so that you can have information on what it’s going for in different places. Just keep in mind that their take depends entirely upon how low they can buy your gold from you.

Don’t be mentally locked in to some price you have in mind for your gold. There’s a difference between being stubborn and resilient; you should defi-nitely not get lowballed; but you should also be flexible enough to accept the price supported by fair market value – this is the most certain estimate of what your gold is worth.

Understand the gold market. Knowledge is power, and there’s no reason to think this mantra doesn’t apply when you are trying to sell gold. Even if you use a mail-in service – which tends to be the place where you would get the best deal for your gold – if you don’t know how much it’s worth, then you won’t know which offer to settle on

Whichever company you choose, be sure to do some research; such as, are they a part of the Better Business Bureau, or some equivalent reputable institution?

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TURnAROUnD TIME

CHECK DOCUMEnTS PRESSURE

FInD OUT

PAYMEnTLook for a gold buyer that has multiple payment channels. A check as the only offered method isn’t good enough; they should have Paypal, direct de-posit, electronic transfer, or others in addition to sending you a check.

Once you have answered these key questions, you can get your cam- paign started at http://www.facebook.com/business/ads/

Read the material there to become more familiar with the best practices and then click the green Create an Ad button.

Find out the turnaround time. Dealers that take a week, for example, should be avoided; this suggests that they don’t have the kind of customer base that could guarantee a respectable exchange of cash for gold. 24-48 hours is usually considered to be an excellent turnaround time to receive an offer for your gold.

When preparing to sell your gold to a company, scour the documents/appli-cation they send you for every detail. It shouldn’t be complex, but you’ve got to make sure you aren’t signing up for anything unexpected. Better yet, there should be a phone number you can call to speak directly to a representative and be apprised of all details.

Find out whether the mail-in company is actually licensed to engage in the gold-selling and gold-buy-ing business. This step is often overlooked by many unfortunate sellers – to their later regret.

Do not ever deal with a company that makes you feel pressured to sell.

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THE BREAKDOWN FOR SELLING GOLD

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CONCLUSION & ADDITIONAL RESOURCES

Look to Sell Gold Profitably

Jewelry stores are even better than pawn shops when it comes to getting quotes for your gold; how-ever, they also operate in a climate where they can afford to offer you lower prices for your gold, because they have high overhead costs and a large inventory to support. This, while you can usually get your gold appraised right there on the spot, you may want to go a more profitable route when it’s actually time to sell.

Online services tend to beat out the competition when it comes to getting you cash for gold. It’s important to understand why an online company lhas such an advantage over other avenues you might consider. They buy gold competitively because they have preexisting buyers, and don’t have to merge operational costs with the price they offer you. Lack of overhead is the reason online buyers are able to offer you great prices. v

One of the most useful places to get an idea of the market for gold is a pawn shop, because they deal with so many different kinds of trinkets – gold coins, gold bracelets, gold rings, etc. However, this is also probably the worst place for the actual selling of gold, for a wide variety of reasons. Because such establishments are known to buy stolen goods, you couldn’t possibly expect to get fair market value for your own legitimately-owned gold.

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