2. 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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3. Gold has been going up for some time
now with no signs of stopping.
Best Methods For Selling Gold
4
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 Gold
5
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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4. Best Methods For Selling Gold
6
5 REASONS
WHY YOU SHOULD
DO YOUR RESEARCH
Best Methods For Selling Gold
7
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”
5. Best Methods For Selling Gold
9
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 Gold
8
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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1
2
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.
6. Best Methods For Selling Gold
10
10 Commandments
of selling gold
that work
Best Methods For Selling Gold
11
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
“ ”
7. Best Methods For Selling Gold
12
Best Methods For Selling Gold
13
THE BREAKDOWN FOR SELLING GOLD
Shop around
don’t get low balled research
knowledge
insurance
Take 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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8. Best Methods For Selling Gold
14
Best Methods For Selling Gold
15
TURNaround TIME
CHECK DOCUMENTS PRESSURE
FIND OUT
PAYMENT
Look 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
9. Share this book!
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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.
Best Methods For Selling Gold
16
