With Gold reaching high prices on the stock market and through exchange, now is the perfect time to sell those gold pieces you have acquired, accumulated and held in trust over the last ten, twenty, thirty or forty years. Gold is increasing in value. Due to the economic situation in this country, now is a great time to sell any unwanted gold. The cost of gold per ounce is presently estimated reaching levels well over $900 per ounce.
Hundreds of sites are popping up offering cash for your gold. With the economy as it is, some individuals are desperate to obtain cash as quickly as possible. Selling gold is a very lucrative way to obtain much needed cash.
So, what are some factors you should consider before hastily sending your precious gold through the mail to buyers offering to pay you for your Gold? Should you send it sight unseen to someone you have no idea of their integrity? Are there other means of obtaining the money you need at minimal risk?
Before sending gold or any valuables by mail, consider a few things. Answer a few questions. Review the list below before risking your gold:
1). There is no face to face, person to person exchange of your gold – You are sending a very valuable commodity to someone sight unseen. Have you checked with the Better Business Bureau? One of the best ways to determine if a gold buyer in business is legitimate and has had no negative episodes with consumers is to review their business through the BBB for your state. Check with the BBB at www.betterbusinessbureau.com. Most likely, if there have been any issues, they will be reported here. If the business is not listed through the BBB, keep your gold in your jewelry box. Do not send it to this gold buyer. You may end up with no money and no gold.
2). Unstable US Postal Service – The risk is extremely high when sending items like gold through the mail today. There is no guarantee your gold package will reach its intended destination. The US postal service does offer insurance on any items mailed at a cost. Estimating the value of your package and paying the required cost is not only a good idea, it is extremely important in this day and age. With the package being as valuable as Gold, you want to assure that if your gold does not get where it is intended, you can receive at least a portion of the value by insuring your package.
3). Appropriate Appraisal Value – Have you checked with your local jeweler to determine the appraised value of your gold? Are you risking a decreased value being offered for the gold you are considering sending by mail. The buyers are desperate to obtain as much gold as possible for as little as possible. Remember, everyone is trying to make money! Are you sending your gold to a buyer willing to pay top dollar? If you are not desperately in need of money, take some time and search for gold buyers willing to pay you top dollar. Once you have signed on the dotted line, there is no turning back. Your gold now belongs to someone else.
4). Have you checked locally throughout your city for gold buyers. There are not many cities in this country with no jewelers purchasing or selling gold. With online buyers, your gold has the potential to end up in another country. The rate of exchange is not always conducive to gain in other countries. You might wish to take a minute and scan your local telephone book. Call local jewelers to see if they are interested or know of buyers locally. If money is needed quickly, there is no better or quicker method to obtain money for your gold.
It is always best to ‘look before you leap.’ Taking a few minutes and considering all the options when selling gold may find you with some hefty dollars versus a limp wallet.