You’ve probably been hearing and seeing all of the advertisements on the radio, TV, internet, and newspaper telling you how valuable gold currently is, but you’re probably also wondering how accurate these reports are. According to Kitco, gold’s market value has been climbing and looks to keep doing so. The market price of gold (which translates to the price per troy ounce of 24k gold) currently stands at approximately $1200.00, which can make you a pretty penny.
If you’re a precautious person, you may have the desire to sell now in the event that the gold market crumbles; if you’re a betting man, you may want to see if it’ll continue to increase in value. While there are not many indicators that gold will decrease in value, the gold market is linked to a number of other factors, including world events, the economic circumstances at any given time, and certain other markets which seem to have an effect on gold prices. Keep these in mind as you make your decision to sell or to not sell. We cannot predict the future, but usually we have a pretty good idea of what’s coming.
Options for Selling
It’s important to research all of your options; if you’re on the fence about selling, you may want to start researching options for selling the old gold jewelry, coins, et cetera that you may have laying around your house. Your options range from online selling sites, such as Amazon or eBay, private buyers, online gold buying companies, pawnshops, and local jewelers to the cash-for-gold businesses that have exploded in the last ten years. As with everything else, there are advantages and disadvantages to each option.
Online gold buyers are one of the more popular choices because they often offer the best prices. Most of these buyers are purchasing gold to be melted down and resold. Here is a list of online gold buyers with some reviews, ratings, and information to get you started. There are obviously hundreds more, but this will get you started.
If you do find other online gold buyers that interest or intrigue you, it is prudent to look up their BBB rating, online reviews, and more. The process by which online gold buyers acquire the gold and give you a quote does require that you relinquish the items; you must send the pieces to the company in a package they provide so that they can examine the pieces and determine their value.
When it comes to offline options, you can essentially go anywhere that says they buy and sell gold. Be careful, though, as some of these places are looking to scam you. Don’t allow the employee to remove your gold from your sight to weigh it; reputable places that buy and sell gold will have an area to do that in front of you so you know there’s no funny business. As with the online buyers, you should thoroughly research these businesses online before deciding to give them your business.
SellYourGoldLocations.com has a list of brick-and-mortar cash for gold locations across the United States. Some have reviews, payouts, and additional information as well.