why are there so many places out there buying all your gold/silver jewelry all of a sudden?
David asked:
i noticed lately that so many places are looking to buy your old gold/silver jewelry at decent prices. i also see a lot ads in the papers/periodicals that are looking for the same thing. whats the deal? if i wanted to sell back some of mine, what should i look out for? how do i know i am getting what i should and not ripped off?
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i noticed lately that so many places are looking to buy your old gold/silver jewelry at decent prices. i also see a lot ads in the papers/periodicals that are looking for the same thing. whats the deal? if i wanted to sell back some of mine, what should i look out for? how do i know i am getting what i should and not ripped off?
July 7th, 2010 at 9:46 pm
Look out for companies that ask you to mail your gold in.
Clark Howard from CNN.com has a scam artilcle on this.
You mail in your gold and you get about 1/3 to 1/4th of the value you would get at any pawn shop or local jewelry buyer.
If you want to sell, stay away from anything online.
Leave it for the dummies to mail in their gold and accept whatever offer they get - they will never know if they got a good price or not.
Get three estimates from local stores and sell to the highest bidder.
/ Judy
July 7th, 2010 at 10:28 pm
Gold prices are rising rapidly. You can check prices here:
The prices listed are spot prices for 24K and can change rapidly.
The reason so many people are buying is that in general, people are not aware of what their gold jewelry is worth. They buyer can offer a lowball price and the pleased seller accepts it, unaware that it is worth quite a bit more.
Grandpa Computer Guy