Ten golden rules to sell your old gold

How to make sure you get the best price for your old gold

(firmenpresse) - Many people have old gold in the drawer that they do not use any more. Now is a good time to sell this gold, because the gold rate is at historic heigts.

If you want to sell old gold and silver, would you be sure that you are not fooled and that you will receive a fair price of gold. This requires a few simple basic rules that can prevent the gold buyer from taking advantage of your ignorance:

1. Weigh your gold in advance. Then you know how many grams you have.

2. If you look at the gold you can find a stamp that shows the carate. On many pieces of jewelry this can be found on the clasp. 585 means that it is 14 karat gold, which contains 58.5% gold. 750 is 18 karat gold and contains 75% pure gold.

3. Calculate. On the basis of the weight and karat you can calculate how many grams of pure gold you have. 10 grams of 14 carat, for example, 10 x 0.585 = 5.85 grams of pure gold.

4. Find the gold price on the internet. This can be done on e.g. kitco.com.

5. You now know what your gold is worth on the stock market. When you sell it to gold buyers you will always receive a lower amount, because the prices on internet are prices for large quantities, and you probably have only a small quantity. Also, the gold buyers have to melt down the gold, they must pay their expenses, and want to earn something themselves as well. A reasonable amount is at least 70% of the gold price you find on Kitco.

6. Do not be fooled! Many gold buyers put in ads or on the Internet prices not that are not realistic. They advertise with high bait prices but offer very different amounts in the shop, with various excuses: The gold price went down or I have to deduct melting costs , etc.

7. Go to a reliable address for the purchase of gold, in The Netherlands this can for example be De Goudwaag voor inkoop goud Den Haag on Van Hoytemastraat 113 in The Hague. They are located in a well-know expat neighborhood and have a trustworthy, sthylish store.

8. Make sure the gold is weighed before your eyes, not in some back room where you have no control.

9. Let the gold buyer explain every step to you, so you understand what happened.

10. Compare prices by going to multiple addresses. Again, prices on the Internet and in ads say nothing, that are often bait prices. The gold buyers who do not have prices on their site are often more reliable. They prefer to make a realistic assessment in your presence.

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Bereitgestellt von Benutzer: Adenion
Datum: 20.03.2012 - 04:31 Uhr
Sprache: Deutsch
News-ID 1094297
Anzahl Zeichen: 0

contact information:
Contact person: Eric West
Town:

Den Haag

Phone: +31(70)324 3269

Kategorie:

Energy & Utilities

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