Top Tips When it Comes to Selling Your Gold – Let the Seller Beware

Buying gold these days is a booming business. You can’t watch an advert break on the television without some cheesey ‘we buy your gold for the best price’ advert coming on without 10 seconds.

Likewise, the ads are all over the radio and you can’t open a paper or magazine without seeing multiple ads for different companies all after your gold.

If you need a little extra cash in these hard times all you need to do is dig out some old broken gold jewellery or pieces of scrap gold that are sitting in old boxes or drawers and you’re quids in.

All in all it seems like a sellers market doesn’t it. With all of these buyers in the market that want your gold you are bound to get the best price; surely they must be undercutting each other to get your business and your gold and that can only be good for the seller.

Unfortunately this is not the case. Gold buying businesses are booming in the UK and sp are the complaints about how some of them operate.

Gold has a fixed price so its easy to see how much it is worth. Most gold buying sites will publish the prices that they buy gold at.

However some of the more dubious operators may not weigh your gold correctly, they might not assay it correctly (i.e not value it at the right carat quality), or they may charge an extra admin fee which then lowers the amount you receive in return.

So, what’s the best way to know that you are getting the best price?

As always, the answer is use your common sense, shop around and don’t be in too much of a hurry to sell your gold.

Gold buyers want to buy your gold so they will tell you that the price could go down and that you’ll lose money if you wait.

Research any local companies or website that you might sell your gold to. Do they have testimonials on their website?
Search online consumer groups and forums to see if there are complaints about them. Google their company name to see if there is any negative feedback.

Get your gold weighed and assayed properly but also make sure that you get it done more than once as high street jewellers may also offer low prices for gold.

When it comes down t selling the gold itself, make sure you shop around and get multiple quotes. The dishonest operators rely on their ‘expert’ status and that you will just believe that the price they offer for your gold is the best and sell them the gold without question. They rely on the fact that very few people actually have any idea of the worth of their gold and can easily undersell it.

It might take you a little longer to get the cash for your gold but the difference could be hundreds of pounds, don’t just take the first quote you are offered.

Top Dog Scrap gold really do offer the top gold price and welcome our clients to get multiple valuations of their old gold and broken jewellery.

You can sell your scrap gold via their website at http://www.topdogscrapgold.co.uk or in person at their offices.

Author: Steven Simenson
Article Source: EzineArticles.com
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