When you decide to sell some of your old gold jewelry or even gold coins, you want to be certain that you are selling to the best gold buyer. There are many reasons why you can decide to sell your old gold and get cash. At times your jewelry can be broken or out of fashion, and at times it could be that you have lost interest in wearing them. Then you can sell the gold so that you can buy new and the latest design in the market, sometimes you could be selling your gold jewelry because you need urgent cash.
We also have people who invest in gold and later sell them so that they can earn better returns on the gold investment. Regardless of your reasons why you need to sell your gold, it is important that you pick the best gold buyer in your area.
First, avoid selling your gold to the middleman. The best gold buyer should be the real owner of the actual metal refinery, if not most likely, and you are talking to the middleman. The problem with selling your gold to the middle man is that they will buy your gold at a less price than it is actually worth so that they can resell it and earn the profit. The middlemen will actually give you a low figure and so that they can again sell the gold to the actual refinery. For most gold buyers or refineries, they will have their own agents that they use to buy gold. For them, they will give you the best price possible because they are buying gold directly from you. They will give you approximately 90% value for your gold, therefore ensure that you sell your gold directly to the refinery gold buyers.
Ensure that your gold is always protected when you are taking it to the gold buyer. Research from the websites so that you can follow the given instructions carefully. There are some gold buyers who insure gold that you send, but up to $100 anything above that will be your sole responsibility to ensure that your gold is safe. This means that if your gold is above $100 and then your package is lost in transit, you will suffer the losses. Pick a gold buyer who has the resource to ensure your gold for the full value that it is worth. There are gold companies that can insure gold packages for up $20,000, and these are the best companies that you should sell your gold to. This means that your delivery will be protected until your gold is bought by the gold buyer or until when they return it back to you.
Read the fine print thoroughly. This is paramount, and you must be keen. There are gold companies in the market, yes they buy gold. However, not all of them are honest. Some will task advantage of you, especially those you put severe limitations on the fine print. Some will say that if you send your gold for purchase, you should accept whatever the price that they pay you. By signing this agreement, you give these customers the green right to buy your gold at any price. Therefore before you can sign, this agreement ensures that you understand its content.