What’s the best way to sell gold?

If you want to sell your gold there are two things you can do. You can try to resell it by putting it on eBay and you can expect to get back about 50% of the price paid.

But if you have old, dated jewelry like a class ring or one earring – things with little resale value – your best bet is to sell it for scrap. But there are several ways you can do that – take to a local buyer or sell it to one of those mail-order companies.

You see them on TV. But you can’t help but be skeptical. Are those gold buyers reputable? Would they give me a good price? And is it safe?

It’s convenient, but mail order businesses can short-change their customers. People commonly complain that companies claim they never received their gold or by the time customers received their check, the grace period had expired and their gold had already been melted down.

If you have gold you want to sell, the best thing to do is to go some place local, where you can walk into the store, show the buyer your gold, and if you don’t like the price, you turn around and walk out of the store. When you shop locally, you really aren’t at risk for losing anything.

If possible, its a good idea to separate your 10-carat gold from your 14 or 18-carat gold, so you have a working knowledge of what you’re dealing with.

No matter which method you choose, don’t let them confuse you. Have all buyers calculate the price per gram they’re willing to pay you. That way you’ll have a standard rate that you can compare between buyers.

Gold fell 1.3% to $1,360.49/ounce

posted Dec 16, 2010, 10:38 AM by Toronto Cash for Gold

Recovery in the USD pushed spot gold price down.

Gold at $1398/ounce, following an all time high

posted Dec 13, 2010, 1:55 PM by Toronto Cash for Gold   [ updated Dec 16, 2010, 10:41 AM ]

Healthy physical demand helped spot gold prices climb higher.

Spot gold hovers below $1300/ounce

posted Sep 28, 2010, 5:29 AM by Alex A.   [ updated Dec 13, 2010, 1:51 PM by Toronto Cash for Gold ]

The price of gold continuous to grow due to an overall weakening of USD.

Gold at $1243.05/ounce

posted Sep 13, 2010, 10:02 AM by Alex A.

China's economy continued its growth, driving the spot gold prices down.

Spot Gold prices gained, $1253/ounce

posted Sep 3, 2010, 7:55 AM by Alex A.

Gold prices break two month high record, rising over $1,250 per ounce. The weak dollar as well as poor US economic growth boosted investor interest in spot gold, driving it's price up.

Gold falls, $1216/ounce

posted Jun 10, 2010, 11:28 AM by Alex A.

Positive economic data rises investor appetite for riskier assets: euro, crude oil, and equities. As a safe heaven investment price of spot gold fell.

Gold back from the dip, $1219/ounce

posted Jun 4, 2010, 4:21 PM by Alex A.

Gold price is growing again, after 2 days of major stocks growth driving gold price down. Report on US labor market controverted economical recovery, driving dow jones, s&p 500, and nasdaq down. As a result, investors bought gold, driving its price up.

Spot gold at $1220/ounce

posted May 27, 2010, 3:02 PM by Alex A.

Gold price grows steadily, due to a falling euro and geopolitical tensions.

Gold is back above 1200 - $1,211/ounce

posted May 26, 2010, 6:46 AM by Alex A.

European financial problems, developing situation in Korea, as well as recent gold price drop is enough to increase the demand for gold, and raise its price as a consequence.

Investors sell gold, spot gold down $1176/ounce

posted May 22, 2010, 9:33 AM by Alex A.

The market is on a slide, and investors are loosing money. Many are resorting to selling gold and other precious metals - to balance their loses, driving the price of spot gold down.

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