Find Gold Buyers and Strike It Rich

by | Nov 10, 2012 | Finance

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In case you haven’t already noticed, lately gold is selling at an all time high rate.  This is great news for those who may be in need of some extra cash in these hard economic times.  If you have some gold lying around, you can sell it to make some cold hard cash. Here are a few tips on how to find gold buyers in your area.

A common mistake people make when looking to sell their gold is finding the first place they come to and taking their gold there.  This is not good because not all gold buyers are equal and you can get more for your money so to speak if you are careful and do your research.  If for example you have gold jewelry to sell, you would not be wise to go to a place that largely deals in the purchasing of gold coins.  It would be a better idea for you to go to a jewelry store that has advertised they are gold buyers.

It is also a good idea to do some research on the pieces of gold you are wanting to sell.  Find out what they are worth before you take them to a local gold buyer who will more than likely try to offer you a lot less than what it is currently worth.

Yet another way to find a good gold buyer for your gold is by posting pictures of your gold online.  By doing this you are allowing gold buyers from all over the chance to see the goods you have for sale and the ones that are interested can then make bids for your gold over the internet.  By posting your pictures online of the gold you have for sale you are allowing yourself a much larger market of gold buyers and therefore will more than likely come out with a good price for your gold.

Another great way to advertise the gold you have for sale to different gold buyers  is by putting an ad in your local newspaper.  This will assure that you find someone close by and will help to make it easier on you because you won’t have to waste gas driving from place to place.

If you do decide to take your gold to a coin dealer even though it may not be coins you may be able to get a good price because the coin dealers typically weigh the gold to find out the value of it and pay you based on the weight.

If you cannot find anywhere in your area to sell your gold to, you can always choose to sell it at a local pawn shop.  You will more than likely not get the greatest value at the pawn shop but some money is better than none.

It isn’t difficult to find gold buyers in Nassau County, NY. To get the best prices for your gold.

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