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What You Need to Know Regarding Cash for Gold Buyers

One of the first questions that most Cash for Gold Buyers will have is “How much money can I really get for my gold?” Another common question is “Is it really worth it to take a lot of old gold in to a gold buyer, even if it’s broken or out of style?” First, you can get much more than you are probably thinking for your gold jewelry. While every situation is different, you will get a premium for your gold right now, especially when you work with a buyer like Platinum and Gold Jewelers, found on the Internet.

The reason that Cash for Gold Buyers are paying such good prices for gold today is simple: The market is booming. However, this is really nothing shocking in regards to the gold market. Gold is one of the very few natural resources that we have that seems to always retain its value and in fact has regularly spiking values. The great thing about gold is that it is a finite natural resource, meaning that there is only a certain amount of it available. Also, there is a high demand for gold. When you combine the fact that the supply is limited and the demand is always there, it means that your gold is always going to be worth money.

As far as the condition of the gold, you need not worry too much about that. Gold is valuable even when it comes in the form of knotted up old necklaces, bracelets with broken clasps, or tarnished looking old pieces. Even if your gold is looking pretty rough around the edges, it still has considerable value. This is largely due to the fact that gold is usually melted down once it is purchased.

This means that the value assigned to your gold is going to be a “melt value.” Essentially, the gold buyer will make an educated guess on what the gold will weigh once it’s been melted down, and thus freed from any stones or other metals. This is the value that your gold will be worth. Lower karat gold, for example, 10k gold, is worth less while high karat gold like 24k or 18k, is worth more.

 

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    Author: NANCY LAND

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