Sell Your Gold - Companies Explained
In today's tough financial climate many people are struggling to get by. For these people, buying luxury items has been put on the back-burner, and priority lies with finding the money for the basics of paying the rent or mortgage and putting food on the table for their families.
As a result, people are looking for ways to make that extra bit of cash, and one way of doing this is by selling their property. Items such as electrical equipment and white goods lose value as they age, so make little sense in selling. However, jewelry is a different matter.
A well-made piece of jewelry holds its value well, and gold in particular is trading at a high price in recent months. Due to this, many individuals are looking to sell their gold, silver and gems - and various 'gold trading' companies have seen an increase in profile due to this level of demand. Examples of these companies are Cash4Gold and GoldPaq.
Companies such as these have paid out literally millions of dollars since their introduction. This article looks at how they work and the process involved when you decide to sell your gold.
The first step for the customer is to provide the company with their contact details - usually by filling in an online application form, so that they can be sent full instructions and a pre-paid envelope. The next step is to place your unwanted gold, silver or platinum jewelry in the envelope and post it back to them.
When the company receives the material they weigh it, test it for precious metal content and determine its cash value based upon these two factors. The customer will then be sent a check for this amount, or the total will be deposited into their bank account within 24 hours of processing the items.
When considering using a service such as this, it is important that you check that the company offers a satisfaction guarantee. This means that if you feel that your items have not been fairly evaluated, you have a period of time (often 10-12 days) in which you can return your check for a no-hassle return of your items.
Other facilities that are sometimes included are the opportunity to track the progress of your transactions online, and the security of having more valuable items insured whilst in the hands of the postal service.
Before you take the plunge and sell your gold, make sure you have considered all of your other financial options, and bear in mind that these companies are not jewelers or pawn shops, - they may be looking to buy your valuables in exchange for cash - but there is no option for the customer to buy them back. They will melt them down almost as soon as they get them.
As a result, people are looking for ways to make that extra bit of cash, and one way of doing this is by selling their property. Items such as electrical equipment and white goods lose value as they age, so make little sense in selling. However, jewelry is a different matter.
A well-made piece of jewelry holds its value well, and gold in particular is trading at a high price in recent months. Due to this, many individuals are looking to sell their gold, silver and gems - and various 'gold trading' companies have seen an increase in profile due to this level of demand. Examples of these companies are Cash4Gold and GoldPaq.
Companies such as these have paid out literally millions of dollars since their introduction. This article looks at how they work and the process involved when you decide to sell your gold.
The first step for the customer is to provide the company with their contact details - usually by filling in an online application form, so that they can be sent full instructions and a pre-paid envelope. The next step is to place your unwanted gold, silver or platinum jewelry in the envelope and post it back to them.
When the company receives the material they weigh it, test it for precious metal content and determine its cash value based upon these two factors. The customer will then be sent a check for this amount, or the total will be deposited into their bank account within 24 hours of processing the items.
When considering using a service such as this, it is important that you check that the company offers a satisfaction guarantee. This means that if you feel that your items have not been fairly evaluated, you have a period of time (often 10-12 days) in which you can return your check for a no-hassle return of your items.
Other facilities that are sometimes included are the opportunity to track the progress of your transactions online, and the security of having more valuable items insured whilst in the hands of the postal service.
Before you take the plunge and sell your gold, make sure you have considered all of your other financial options, and bear in mind that these companies are not jewelers or pawn shops, - they may be looking to buy your valuables in exchange for cash - but there is no option for the customer to buy them back. They will melt them down almost as soon as they get them.
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