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Blog 

After a drop in gold price that began in mid-March, today’s gold price is on the rise again. For about a month, the price of gold declined.  Then, around April 18th, it finally began to increase and has been steadily rising ever since.


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With gold prices peaking we’re noticing a proliferation of scrap gold buyers. However, many of these scrap gold buyers are con-artists, and consumers must beware.

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Too often, people have a misunderstanding about what scrap gold is. This is unfortunate because it means you might have a lot of gold lying around the house that you could scrap out for cash.

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Things are really happening at Gold-Cash these days. We’re busier than ever. Some of this is due to the fact that now is a good time to sell gold. But much of that buzz comes from the fact that people finally have a way to sell gold without the risk of being cheated.

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The gold price continues to climb despite the slumping economy, but what happens to the price of gold when the economy begins to bounce back?

 

That’s an issue that many gold owners have been contemplating lately.

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Wondering if there’s a best time to sell gold? In an ideal situation you wait until the price peaks, and sell before it goes down again. There’s no way to predict when a peak will happen, but gold analysts will use charts of past performance to determine when it’s best to sell gold. A comparison of two particular charts suggests that it may be time to sell gold.

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There are many resources to track the price of gold. What does that mean for you, when you want to know the worth of your jewelry? Not much.  When it comes to selling your gold jewelry, the only gold price that matters is the price the buyer is willing to pay.

 

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The first step in determining what your jewelry is worth is to separate your jewelry into categories based on metal. Each piece of jewelry should be stamped on the inside, identifying the type of metal. Below are the main categories you can separate your jewelry into: 10K Gold, 14K Gold, 18K Gold, Platinum, Sterling Silver To learn about specific markings on your jewelry visit: Jewelry We Buy Next, weigh the items to determine a total weight for each category in grams. If you cannot easily calculate the weight in grams, determine the weight in whatever measurement is easiest for you and use Google or a tool found on the internet to transfer the measurement to grams. Next, determine the payout rate of the business you are considering selling your jewelry to. Some websites publish their rates; if you're going locally you can call to find out. Make sure to get the payout rate in grams. Then multiply the weight of your jewelry (in grams) by the...

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If you do your homework, yes, it is safe to ship your jewelry to an online company to trade it in for cash. Below are the top 3 tips to ensure a safe transaction: Know The Payout Rate: Do not send your jewelry to any gold buying business that does not publish their payout rates. That basically invites them to pay you the lowest amount possible. Also make sure they publish a rate for small quantities, such as less than 2 ounces. Most people see a payout rate and don’t realize it’s only for larger quantities than what they have. They think they’re getting paid based on that price, but again it’s just a trick and an invitation for a dishonest gold buyer to pay you whatever they want.  Check for Business Associations & Accreditations: They should definitely be a member of the Better Business Bureau. This shows that the company makes an effort to adhere to high ethical standards, and work with customers to ensure a positive experience with their company. Be sure to actually click on the BBB logo, it...

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