Wednesday, February 20, 2013

Where Do I Sell Gold?




If you need to sell gold in southwest Florida, you have your work cut out for you.  Many overnight purchasers of gold have sprung up and the question is; “whom do I bring my gold to”. 

I think it is very important to find a store with moral compass.  Half naked girls in the street holding
signs clearly is not a gold solution

Pawn Shops just are not the answer because of the clientele you will be exposed to and the poor payouts they offer.

Jewelry stores not only have poor payouts they have a large cost of business due to large inventory and expensive buildings.  They just do not pay well unless you are trading in your gold jewelry for other jewelry and we know we will get ripped off there. 

My suggestion is to use an internet driven company.  People with nice web sites are not a fly by night outfits.  Look for things like the Better Business Bureau, the Jeweler Vigilance Committee, GIA and State Licensing.  Testimonials are always good and examples of the companies payouts so you can determine what they buy and sell gold for.

The setting of the company is also important.  If they are a private office or if they have appointments it is preferred.  You do not want people around you when you are selling gold.  You do not want people seeing you enter or leave knowing what you have.  The personal should be dressed and present well.  If you feel uncomfortable you should leave.

Your gold price payout should be between 68% and 72%.  You can avoid going to numerous places by calling and asking what percentage they pay.  Make sure to have them clarify the payout when you are there.  The variation will be the condition your valuables are in.

Good luck in your venture and hope you get paid well.

Whats better, 14kt gold or 10kt gold for a ring?

No comments:

Post a Comment