Gold For Cash | CASH FOR GOLD NEWS

10May/100

Selling Gold? Be Smart and Know What You’re Selling

LOS ANGELES, CA, May 10, 2010 — As more and more people sell their broken or unwanted gold jewelry in order to raise fast cash in these economically-troubled times, it seems that very few sellers have any real idea about the value of the items they send-in to Internet buyers. That does not have to be the case. Mailing out gold items to Internet buyers can be a risk, since the number of buyers-and scammers too-have increased with the price of gold.

First, Understand How Gold is Valued

Let’s assume you have a heavy gold chain that you rarely wear anymore and want to sell for fast cash while the price is at record highs. The odds are that this chain is worth far more (in gold value) than it was when you bought it. However, you probably don’t know just how much that is, a fact that unethical buyers and out-and-out scammers know well how to take advantage of by low-balling the cash you receive.

Now, let us assume that this chain weighs approximately 20 grams. Gold is priced by the Troy Ounce, where 1 Troy Ounce contains 20 Pennyweights (DWT). Since there are 1.555 grams per Pennyweight, this gold chain contains 12.86 Pennyweights of gold.

At today’s spot market price of gold, $1,175.00/Ounce (20 DWT), you can now determine value by dividing 1,175 by 20 which tells you that each Pennyweight of gold in your chain is now worth $58.75. Your necklace of 20 grams contains 12.86 DWT. Its value, therefore is 12.86 X 58.75 =$755.52.

There is just one thing about this. It all depends upon the K (Karat) weight of the gold in the necklace. If it is marked 24K or 28K, that means 100% gold so the value shown above of $755.52 is what it’s worth. However, if it is marked 18K, for example, it only contains 75% pure gold and is therefore worth just $566.64. If it is marked 14K, it has just 58.33% pure gold and will be worth somewhat less.

This is the process an Internet buyer uses to determine what each item you sent in is actually worth based upon assay and the current spot market price at that time. The final figure after assaying each piece and adding the figures together represents 100% of the actual value of everything that you sent. However, the buyer is running a business, so expect him to deduct a reasonable amount for his overhead and a small profit for the company.

Unethical buyers, counting upon the fact that you probably have no idea what your items are worth, may send you just 15 to 25% of actual value or, in the example of the 24K chain above, just $113.32 to $188.88. This IS NOT a fair and justifiable payout!

Your Best Defense is Knowledge

In the event that all these calculations seem way beyond your ability, there is another way. Take your items to a local jewelry store and ask him to give you a rough idea what your gold items are worth at the current spot market price for gold. He may charge you a few bucks for doing it, but in the long run you will know if an Internet buyer is ripping you off. You should receive at least 60-75% OF THE ACTUAL GOLD VALUE from an ethical buyer after he subtracts his overhead costs and a small profit from your item’s total value.

Also, keep in mind that any diamonds in your jewelry also have value and should either be appraised and included in your payout, or removed and returned to you.

Just as important, always check out any buyer you are using for the first time with the BBB (Better Business Bureau) and Internet complaint sites. If the company you are considering has a slew of ‘unresolved complaints’ from unhappy sellers, look elsewhere. This will also help you steer clear of out-and-out scams designed to steal your items and claim that they never arrived.

Cash for Gold Co always pays ‘the highest-possible percentage of the actual value of a seller’s property’ based upon assay and current spot market price. Learn more by visiting the company’s website at: http://www.cashforgoldco.com

7May/100

Amazing types of gold to sell online!

When people have made their decision to sell their gold online they might become faced with the possibility of having to make the selection of what type of gold to sell. The reality is; is if it is all gold in its nature then it automatically means that you have the option to sell it to an online pawnbroker. It is at this point that you should continue to read what the main types of gold that most people like to sell online.

Scrap Gold: Chances are; is that you can find this gold anywhere in your house that has a jewelry box. This would also include gold that is considered broken. These are usually forms of gold such as necklaces, broaches and the like that are no longer able to be used. Most broken gold is the direct result of an accident or some type of mishap. But the fact still remains that gold is gold, no matter what form it is in. People have now become wise to the fact they can sell gold online for a fast turnaround in payment to you.

Gold Watches: Although you could consider this in your gold jewelry section, there is something very, very unique about a gold watch that is different from other forms of gold jewelry. The thing that makes them unique is due to the fact that as gold watch ages, its value seems to increase. But even its vintage status is not enough to keep it from being sold in the online cash for gold market. Selling your gold watch used or unused means high payouts, especially if you are connected to the right online pawnbroker. If you do that most likely you will receive the cash payout that you have been looking for; so keeps this in mind before you pass up on not selling your gold watches.

Gold Coins: Selling gold coins has been one of the most stable forms of selling gold since the dawn of human history. This still holds true to the present days. One advantage now though is the fact that you can now conduct these transactions online now. If you have gold coins you have to take advantage of this opportunity to keep it going for your own economic growth. Gold coins are sold all across the world in trade and business; you can too.

The key point in all of this is the fact that the reality of cash for gold sales online has made it such that people can now be connected all across the globe to sell and trade. This reason is enough to motivate you to sell your gold online now. Maybe you have read this here and you already know that you don’t have any of these types of gold; that doesn’t matter. If you have any unused for of gold, you can sell it to an online pawnbroker for a fast turnaround on cash in your hands in days; don’t let these opportunities pass you by!

Tagged as: broken gold, cash in gold, forms of gold to sell, gold bars, gold bullion, gold buyers, gold cash in, Gold Co, gold company, gold for cash No Comments

28Apr/100

Top 5 reasons to sell your gold jewelry.

As the spring time comes in many people take the time to clean out their house, and the reality is that people should do the same with their unused gold jewelry. At this time we want to show you the top 5 reasons that you should sell your gold jewelry as spring time approaches. But before we do this you should know what some of the main cash for gold brokers are looking for now. Here are some of the most common forms of gold that people are selling online now. People are selling: scrap gold, broken gold, dental scrap, earrings, necklaces, broaches and the like. In some of the other categories people are also selling their gold coins, and gold bullion. Many people are taking advantage of the current cash for gold market and are that much smarter for doing so. So let’s get right into the top 5 reasons to sell your gold jewelry.

Reason 1) If your gold jewelry is being unused you might as well earn extra cash on them. And the reality is if you purchased gold jewelry and you let it go unused, you actually have wasted that hard earned money that you spent on purchasing it. So the main reason to sell your gold is so that you don’t waste any money.

Reason 2) Online pawnbrokers make it all the more easier to sell your gold to a direct gold market. Selling your unused gold jewelry in a traditional market that does not know the specifics of the gold market may actually hurt you due to the fact that you will get underpaid for your gold jewelry.

Reason 3) Selling your unused gold allows you to get that extra cash so that you can purchase more current and formal forms of gold jewelry.

Reason 4) Selling unused gold jewelry allows you to have extra cash to pay off extra bills that you may have. This reason in itself is enough to sell your unused gold because it allows for minimum effort on your part.

Reason 5) Cash for Gold companies make it all too easy and safe for you to get a cash payout in a timely manner. Many people may have hesitated from selling gold jewelry online due to safety concerns, but the reality is, is that it has never been more safe or easier to do . So taking the time to sell will reward you in fast cash

These are the top 5 reasons that you should sell your gold but the reality is that there is many, many more reason that you should do it and it all relates back to the fact that you can profit from it. If you are looking for the right online pawnbroker, you have to spend a little extra time in the search so that you will be pleased with the results. So now that you have read this there is no excuse for you not to earn some extra cash today!

Tagged as: broken gold, buy gold, Gold Chains, gold for cash, gold spot, how sell gold, oro gold, sell coins, sell gold coin, trade gold, where sell gold No Comments

23Apr/101

Sellers Ask “How Do I Know Which Buyer Really Pays the Most?” Cash for Gold Co Answers!

Los Angeles, CA - There’s little doubt that anyone wishing to sell their gold, platinum or silver property in order to raise fast extra cash wants to sell it to the Internet buyer that will pay them the most. The problem is, “How Do You Know?” At Cash for Gold Co, we think that’s a fair question.

According to Joe Montes, president, “Sellers ask us this question all the time, so we thought it would be a good idea to answer it once and for all. To tell the truth, there is no pat answer to the question. It depends upon the way a buyer determines the current value of a seller’s precious metal property; how much the company deducts to cover overhead and profit and, most of all, how honest and ethical the buyer is. You have to remember that some Internet buyers pay sellers an unreasonably-small percentage of actual value to maximize their profits because most sellers haven’t a clue about what their property is really worth.”

Montes continued, “Any sellers’ first step should be to find out if a buyer has many ‘unresolved complaints’ on record with the Better Business Bureau (BBB) and Internet complaint sites. That’s the best way to know if you are dealing with an honest and ethical company.

If there are many such complaints from unhappy sellers, look elsewhere. We believe that a buyer should define just how his company determines the value of the property you send in. Just saying, “We Pay the Most” tells you absolutely nothing.”

Here’s how Cash for Gold Co determines value:

“When a seller’s items arrive in one of our SECUREPAK™ mailing envelopes, we open it immediately and have each individual item assayed to tell us the weight and purity of the precious metal it contains. Most jewelry items contain alloys mixed with the gold to improve hardness. We are only interested in the gold, because that’s where the value is. Once we know this, we then look-up the current spot market price for the precious metal we have just assayed. This tells us exactly what the gold content in an item is worth. Once we make this price determination for each item, we add the totals together to get the ‘total current value’ for everything the seller sent us. That is 100% of current value.”

“Now here’s the key factor. Just how much of this total 100% value will the buyer actually pay you? Some buyers pay as little as 10-20% and we consider this unethical. Cash for Gold Co pays each seller the highest-possible percentage of the actual value and deducts a modest percentage to cover our overhead and a small profit for the company.

We do this because we measure our success based upon doing a high volume. This volume comes from satisfied sellers, no unresolved complaints, referrals and a great reputation.”

“We don’t quote how much we pay per pennyweight (DWT) because value changes with the market price and we can’t know what this is in advance. Nor can we know just how much gold a seller is sending-in. The percentage we deduct goes down with high volumes received just like a quantity discount. The more you send in, the higher the percentage of actual value we pay.”

Cash for Gold Co guarantees a seller’s satisfaction. If a seller is not satisfied with our payment for any reason, and returns our check within 10 business days of receiving it, we will return all their property at our expense. Moreover, we never melt down any seller’s property before this time period expires.

Tagged as: buy sell gold, buying gold, cash and gold, Cash For Gold, cash gold, cash in gold, gold bars, gold buyers, Gold Chains, gold company, gold for cash, gold jewelery 1 Comment

19Apr/100

Selling back your unwanted gold jewelry – cash for gold jewelry

Over the year, either through gifts or a point of self purchase many of us have gathered gold jewelry that may not even be used anymore. When this happens there are options that people may consider, unfortunately a lot of those options cost them to lose money. Some of the things people do in situations like this are, giving it away, forgetting about them altogether or worse yet they throw it away by mistake. Although giving them away is noble; you could have made a cash payout on it. Then some people forget that they have them in the first place and somehow they just get lost in the “Sea” of the house. Then there is the one who is in the process of moving and the gold jewelry just gets tossed without even realizing it. But since the cash for gold movement has started online, there are better ways to treat your unwanted gold. And the better way to treat them is by selling back your unwanted gold jewelry and getting cash for the gold jewelry.

But if you have never done this before you may be asking just exactly what the ways of getting this done? Let us walk you through this easy process; you will be glad that you read on further. The first thing you should do is come a concise decision that you are ready to part ways with your unwanted gold and that you will get a fair payout in return for it. Check the prices of the gold online and then compare the rates of the payouts that cash for gold companies are offering for their payouts. Now this may seem like an easy process and for the most part it is; where people need to be aware is reputation and conduct of the cash for gold companies so that you are not just sending your unwanted gold to a cash for gold company that is not worth your time. There are several cash for gold companies that will conduct themselves professionally and will list all their terms of cash payout in simple language that is easy to read and to understand. Once you have made the decision to go with a particular company you then gather your unwanted gold items.

Now a key point to consider is that many people sell themselves short as to what types of gold to sell back and many people don’t realize that they can get cash for gold on a broad range to gold items. This means that scrap gold, separated gold, broken and other forms of precious gold jewelry are all a part of the Cash for Gold experience. So once you take that step to sell gold back you have to keep an open mind and sell a broad range of gold items; doing this will get you the return that you are seeking. So in conclusion, selling your unwanted gold can be a pleasurable experience when you take the time to think everything through; go ahead with trying to sell your unwanted gold jewelry today.

Tagged as: broken gold, exchange gold, gold bars, gold cash in, gold for cash, gold jewelery, gold jewlery, gold prices, selling gold, where sell gold No Comments

Older Entries »

CASH FOR GOLD NEWS Live concerts

Selling Gold? Be Smart and Know What You’re Selling

Amazing types of gold to sell online!

Top 5 reasons to sell your gold jewelry.

Sellers Ask “How Do I Know Which Buyer Really Pays the Most?” Cash for Gold Co Answers!

Selling back your unwanted gold jewelry – cash for gold jewelry

Recent Posts

Sponsors

Most Searched