Posted: Mon Sep 26, 2011 5:51 pm Post subject: How To Sell Your Gold In New York
How To Sell Your Gold In New York
Released on: September 26, 2011, 5:12 pm
Author: John M
Industry: Small Business
Garden City, New York September 26, 2011. Take a good look at that gold bracelet you got for your high school graduation, because you are actually looking at something that can be sold and at a huge profit at that. That is if you are not the type who holds on to things for their sentimental value. But in cases where someday you have to sell gold in New York, that would be one practical decision to make too.
In selling gold or a gold item, you must know the value of what you have and know the identity of the buyer. And if you are realistic enough, you will have a good chance of selling your precious piece of jewelry at an excellent price. There are some excellent gold buyers in New York, like the Gold Standard Jewelry & Gold Buyers , that you can sell your gold to. When you do that, the following tips will be of help to you:
Get the right weight. Authorities and experts in the gold business recommend that you sell your gold to certified gold dealers. Beware of gold dealers who will get all the leverage they can at your expense. Crafty gold dealers use measurements that are not standard, so that your gold will weight lower than its original weight. Research about the proper and legal way to measure gold and alert yourself for anything that looks suspicious when you deal with your gold buyer.
Be aware of the market price of gold. Keep yourself updated on the latest trends in the gold trade. Gold sales are like negotiating for used cars – they may pass you by when you're not looking and you end up with the worst deal. You the price of gold that you have before you discuss a deal with your buyer. There are websites that can you updates on the prices of gold.
Veterans in the gold business will advise you to be realistic in your dealings. You have to accept the fact that sometimes you will not get your gold's full value. Professional gold dealers will always want to edge you out in the deal since they will also be selling your gold to other people. Sometimes you have to live with the fact that you will only get 70 percent of the total value of your gold. If you sell your gold to professional dealers, some will even offer you 50 percent of the gold's real value. But that's how the gold trade sometimes work.
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