Sell Your Gold Confidently

There is gold in your old jewelry, in computer parts and even old tooth fillings. You can research ways to find scrap gold on your own so you have more to sell, and therefore, more to make! If you want to learn how you can do this safely without getting ripped off by middlemen or not-so-honest gold refiners continue reading.

In order to avoid all the con artists and scammers out there today there are a few things that you must understand. And the first of these is that you have to check out each and every company thoroughly before even thinking about dealing with them. This way you will have a much better chance at finding the right dealer or refiner that won't rob or rip you off.

How long have they been buying gold? The longer they have been buying gold, the better. It's not that all new gold refiners are scammers but it is a lot safer to assume that a company that has been in business for ten years doesn't make a habit out of ripping off their customers.

If that were the case there would be plenty of complaints built up that you could find with a simple search of the company name in your search engine. Next you want to see what their policy on selling and buying gold is. The best place to find this out on is their own website.

While you're on there find out their physical address (make sure it's not just some P.O. box, if it is just forget them). If they are close to home go visit them in person. Look for a telephone number for the company and call them with any questions you might have.

Check their customer service and how they treat you but make sure not to give into any pre-sale pressure they might put on you. This is the perfect time to see what they might offer you for your gold. One of the most important things you have to know is what your gold is actually worth.

The price changes every day so you will have to find a financial site that lists the current spot price of gold. The formula for figuring out how much different karat's of gold is worth can be found all over the internet and there are even some calculator's available.

After finding your company and your gold's value, the next step is to find out what they will offer you. Sometimes you can get an offer over the phone but most of the time you will have to actually send in your gold first.

This is because they have to check the karats and weight of your items before you can get an accurate price. Ninety percent of the actual value is a good selling price for you if you can manage to find a refiner that offers a price as good as that.

Really anything above eighty percent is a decent offer and you should take it if you don't find any higher than that. You want to make a point of avoiding gold refiners that don't own their own refinery.

These companies won't be able to give you a good price because they have to sell to a gold refiner themselves and so can't give you as high of a price due to having to turn a profit. Finally, check and make sure that your gold is insured in route to the company.

A legitimate company should provide this for you but if it doesn't cover the true value of your gold, just call them up and try to work out a deal. If you follow these pointers in the selling of your scrap gold jewelry by dealing with reputable dealers and refiners, researching different companies, and accepting only the best offers, you should be well on your way to getting a nice lump sum of cash for your gold.

It should also save you headaches in the future as well as lead you to making wise decisions.