If you haven’t noticed, just about every pawn and jewelery shop is advertising to buy gold. Gold prices are still very high and everyone is trying to cash in.
Selling your old gold jewelery may or may not be a good idea. If it is just taking up space and has no sentimental value it may be worth thinking about. But the challenge for most people selling their gold is that they have no idea whether they are getting ripped off or not.
The sad truth is that every gold buyer pays a tremendously different amount for your gold. In the video below you find out that the sellers were given the following amounts for the same gold chain…
- $50 from the local pawn shop
- $37 from TurnGold2Cash.com
- $11 from Cash4Gold.com
- $5 from GoldKit.com
It is pretty frustrating to think that you could get $5 or $50 depending on where you sold your gold. So, lesson to be learned – if you are going to sell your gold, do your homework to get the best price and stay away from GoldKit.com!
Be careful selling gold via mail!
Have you sold any gold lately? If so, where and how did you do?