How to Get the Most Cash for Your Gold

Introduction

You are in need of some cash because an emergency just came up. Maybe your car broke down and a replacement vehicle would not be a luxury, maybe you are supposed to repay someone and the deadline is about to expire… There are thousands of reasons why you could need money; unfortunately, there are not thousands of ways to ensure you get it!

If you have gold lying around your house, you might have a solution to your problem. But you might be worried you will be scammed. This presentation will show you how to get the most dollars from selling your shining valuables.

General vs Specialized

Contrary to what you may think, stores that specialize in buying gold to the exclusion of everything else might not be your best bet. Why? Simply because, as they make all their money from these transactions, they cannot offer great prices (or they would soon have to close shop.) On the other hand, jewelry stores that have multiple streams of income, such as selling watches and diamonds, will be able to.

Keep that in mind when you narrow down your choices. Also, avoid pawnshops at all cost as they are NEVER a good option (for obvious reasons.)

Ask Your Relatives

Finding someone who will be willing to buy your gold is dead easy. In these times of economic downturn and incertainty, gold is a sure value that businesses will line up for. But who to choose and who to trust? The first piece of advice to remember is that you can always benefit from the experience of your loved ones. Nowadays, selling gold has become so commonplace that you probably know a person or two who recently went through the same ordeal as you.

Ask them if they would recommend the place where they did their business or not, and why. This might give you a couple of names to put on your list.

Information Is Power

Before you even step foot in the first shop, get all the information you can about the pieces you are looking to sell. Check the inside of your jewelry for any mark showing the percentage of gold (karat). You might need a magnifier to do so. Once you know that number, continue with weighing the items.

Now, all you have left to do is get the last unknown, that is the price of gold (a regular search on the Internet should do.) Armed with the sum of that calculation, you are ready for the next step.

Call Them

With your "magic number" (see the previous slide) written on a piece of paper, call the different stores where you intent to sell to ask what percentage of the real price they are willing to pay. This simple measure will save you many unnecessary trips.

As a rule of thumb, you should never accept anything lower than sixty percent. But even if the buyer confirms a high percentage, never agree on the spot; always go in person to run the numbers with him.

Take It to Them

Last but not least, when you will have skimmed your list to keep only the best prospects, now will be the time to actually pay them a visit. Your goal is not only, as we said, to check whether the info they gave on the phone is true, but also to see how they conduct their business.

Do they make time to explain to you everything in the detail? Do they weigh the gold in front of you? If money often talks, you should also search for someone who is ready to give great customer service.

Conclusion

Selling your gold might get you out of a tight spot; this much is certain. But if you feared getting rid of it would be a headache, we hope this presentation has clearly shown that if you follow our simple formula, you will have no issue and you can be guaranteed to always get the best price. So return to slide number 3, and put it all into action! Go!

For more information about selling your gold and getting the best price, visit: http://www.pintocashforgold.ca/

Pinto Gold And Jewellery Buyers4664 Yonge St

Toronto, ON M2N 5M1(647) 499-8820