If you are thinking of selling your gold to get the cash you need, it is reasonable for you to locate a company that will pay you the most for your gold. There are a large number of buyers all over TV and the internet who are making all kinds of wonderful promises. It is hard for someone who has never sold gold to know who is for real or not. This requires some research.
There are facts that you can look for. Not everyone has a satisfactory experience with cash for gold buyers. Those who have might share their experiences on the internet and social networking sites. cash for gold buyers who care about their customers will try and use the feedback to resolve their issues and improve their services. You can find some information on the buyer you might be thinking of using. Do a thorough internet search on cash for gold buyers in Melbourne. Investigate as many jewellery buyers as you can.
Everyone wants to find a gold buyer who pays the most for gold. The price of each piece of gold jewellery you sell should be determined by how much pure gold is in your jewellery and the current price of gold. Companies that buy gold jewellery have assayers who can determine the quality of the gold and the weight and use that to determine the price of the jewellery items.
Why do some cash for gold buyers pay more than others?
There are a few gold buyers who pay really good money to gold sellers. You can find the mby doing a simple internet search or asking people you know who have had previous experience with selling gold. If you go online, you can find reviews on the best and worst gold buyers around. A lot of customers leave reviews on consumer sites and share their experiences whether good or bad on social media. Take time to do a thorough internet search.
The gold buyers who can offer high prices can do so because:
- They have a large volume of gold sellers doing business with them.
- They have their own refineries and do not have to deduct refinery charges or their brokerage fees from the payout.
Some greedy buyers will not pay more than 30% of what the gold is worth. They can get away with this because a lot of people aren’t quite sure how the whole process of selling used gold is supposed to work. Some legitimate buyers can offer more than three times that and get a good profit. A buyer could still make a great profit by paying 3 x even 4 x the average gold buyer. After all, a such a buyer could still offer 80 to 90% of the real value of the gold and still be able to realise a profit of 10-20%. He is happy and so will you be at such rates.
You can find out how reliable a cash for gold buyer is by checking review sites. You can also verify if the buyer generally keeps all the promises he makes. Does he really offer better prices? Does he pay quickly? Review sites save you the time and effort of having to trawl for all that information. Consumer sites are from independent sources and should be reliable as long as they aren’t trying to push one site more than others because they are affiliated in some way or expect to get a commission by recommending certain gold buyers.