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How to Sell My Gold Scrap

By Kanu Subscribe to RSS | December 21st 2011 | Views:

At some time in your life, you may realize that you have more gold scrap in your house-more than you thought. This Gold scrap can be in any form such as gold wire, solder, flakes, gold screen, mesh, or it may even be an electronic scrap. You may not even know the fact that there exist many people who are making a living just from selling gold scrap to gold refiners.

So this can occur to you that you can sell old gold jewelry you have in your house and make some money. However, the foremost task for you is to calculate the total worth of your gold scrap. However, this may turn out to be a hard procedure as the scrap will consist of various kinds of carats depending on the origin of the gold. The finest technique to make your work easier is to make different piles for all different karats and then carry on the rest of the process from there. But for this, you should have a gold testing kit.

As soon as you get a ballpark figure, the next step is to look for a gold refiner to whom you can sell gold jewelry. It is recommended that you avoid gold dealers and instead sell gold directly to a gold refiner that has their own refinery. The reason is that this way you can earn rather a bigger amount of cash. There are many refiners who purchase gold on a graduated scale. This is assuming the amount of gold scrap that you sell to them.

Gold Coins and Bullions as an investment:

There are many people who purchase gold coins or bullion with an idea of an investment. As the price of gold has gone high now, there are a number of people out there aiming to sell their gold to earn a healthy amount of cash for jewelry. Merely, two years back, the price of gold was $500 per ounce, and now it is nearly $1000, which is double its previous value.

One way is that you sell gold to a gold refiner. However, in this case there exists a better idea, which is to sell your gold coins or gold bullion directly to a coin or bullion dealer. If you want to sell gold online, consider a place like eBay. Places like these pay the sellers either the accurate spot price or just below based on the future of the market for gold.

If you need further instructions a number of websites online, which will give you all the needed guidelines.

Kanu - About Author: Buys Gold Jewelry,Gold Rings,Gold Necklaces,Gold Pendants,Gold Pins,Gold Bracelets,Gold earrings,Gold Watches,Gold Coins,Broken Jewelry and Gold Bars.Call Us Now-1-866-242-9139.

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