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Educate Yourself Before Selling Gold
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Advice for Selling Gold Jewelry
Gold is valuable. Know the current troy ounce price before you attempt to sell your gold jewelry. The troy ounce spot price is available almost every minute during business hours on CNBC as well as many websites including kitco.com. Most buyers use grams karats and penny weights when making an offer. This makes it very difficult to compare to the troy ounce spot price. Most buyers will offer you 50% or 60% of spot, with the large "mail your gold" advertisers offering even less. You can do much better selling gold at Max Your Gold.
Selling gold to a buyer without a permanent place of business? For example, a gold party or hotel room buyer. These unlicensed buyers don't depend on repeat business. Why wouldn't you expect to get a poor price from these buyers? Max Your Gold is here to stay. Visit our Southfield, Michigan office to sell your gold.
Selling your gold jewelry through the mail? Would you put a $100 bill in the mail? When you sell gold jewelry for cash through the mail, you lose control of the transaction. You don't get to see the appraisal. Was it done fairly? Do you really want to wait so long for your money? The dirty little secret of the mailing gold jewelry for cash is that it takes a huge advertising budget to convince people to mail their gold. This leaves much less for you. Selling gold at Max Your Gold means more money for you and a check the very same day.
Gold is valuable. With the way governments are printing money, Max Your Gold believes in a year or two the price could be significantly higher. If you are selling your gold jewelry for cash, you might want to hold on to some for selling later. However, the price is volatile. In the short run, the price can drop very quickly. It doesn't pay to wait when you need some money now.
About Gold
Throughout the history of our planet almost every established culture has used gold to symbolize power, beauty, purity and accomplishment. Gold is rare, lasts forever, is easily divided into smaller amounts, and it has many uses. Because of these properties, gold is always valued.
Gold can be drawn into a fine wire, hammered into thin sheets, cast into various shapes, easily polished, and can be mixed with other metals to form alloys with varying properties. Because of these properties, the major use for gold is jewelry. Over two-thirds of the gold mined each year is turned into gold jewelry.
Karat is a measure of purity used in jewelry. 24 karat gold is pure gold. 18 karat is 75% pure. 14 karat is 58.3% pure by weight. Gold alloys give it different colors. White gold is usually nickel. Red gold is alloyed with copper. There are also alloys for green gold (silver), purple gold (aluminum), blue gold (indium), and even black gold.
The second major use for gold is monetary. Governments store gold in bars as a monetary reserve. They mint coins that can be traded for goods and services.
Gold is used in electronics and computers. It is highly conductive and it won't tarnish, which makes it very reliable for low voltage electronic uses. Gold is used in dentistry because it can be easily molded and it doesn't wear or tarnish. Gold has medical uses; it is used in glass making, and of course, awards. It is used as leaf to adorn buildings and sculptures.
Gold is an element with the chemical symbol AU. Its atomic number is 79. Its density at room temperature is over 19 grams per cubic centimeter. Its melting point is over 1900 degrees Fahrenheit.
Gold is valuable; don't mail it away for pennies. In Michigan, sell your gold jewelry for better prices. Sell your gold jewelry for cash at Max Your Gold.
