Gold for Sale: How do you know you aren't getting ripped off?

My profession is recycling of waste. When it comes to electronic waste such as used computers and chips or to laboratory waste such as salts from silver, gold and platinum, it is normal to analyze or to know from experience the gold content. Deducting the cost for making 99,9999% cold bricks gives a daily price for "second hand gold". Totally separate is the gold market of the jewelers. They sell their rings and chains at considerably higher prices than is the "second hand gold" value, saying it is for their art and work. But when buying it from you, they need to fall back to the second hand gold price level to be economically safe in case nobody would want tobuy your valuables as a jewelry from them.

I just saw a special on this yesterday and they said to take it to local Jewelry Store around town go to at least 3 places and see the difference in prices! My father was a jeweler and the mark up is a lot don't expect anything near what you paid for it. Gold is sold by purity there is usually 10k, 12k, and 18k. The k is a karat and the higher the better with 24k being the best. then by the weight of course. If you have an antique ring or broach ,,,etc. you might try to sell it outright, but get quotes first so you know your bottom line for the sale! tdemex

my mum used to buy and sell gold when she was young back in my home country... and she is making quite a bit of money from it... but i never do it and i don't actually know the price of gold in here... but i'm pretty sure that the price depends on the carat of the gold... the higher the carat, the more expensive it is... take care and have a nice day...

A gold dealer, if they are buying the items as bullion, will only pay the value of the gold content at the current spot price for gold. This works like this. Gold is a very soft metal and for the purpose of making jewelry, it always alloyed with other metals to harden it. The amount of alloying metal is described using the carat system in which pure unalloyed gold is 24. The alloying metal is then described as being so many parts out of 24. For example, 9 carat gold is 9/24ths gold to 15/24ths alloying metal. To put it another way, an item that weighs 24 grams will contain 9 grams of gold and 15 grams of alloying metal. The alloying metal is usually either copper or silver. Copper gives a brassy colour, and silver a paler colour. So called white gold is gold with a high proportion of silver giving a very pale colour. a jeweller, and especially a pawnboker, will probably only pay spot price for for the gold content of any gold item and then proceed to resell it at whatever price they think it will sell for making a substantial profit in the process. They will not pay more than that for any item if they can possibly avoid it.

Okay so from my personal experience if you take gold to the jewelers they will tell you what it is worth and than make an offer. If you take it to the pawn shop they will make a very low offer. But, my advice is to take it to the jewelers have them tell you what it is worth, and than (with your knowledge of the cost) go to the pawn shop, and see if you can barter them for it.

You know, golds have different kinds, qualities and values. Try going to different jewelers. Ask for how much they'll buy it then sell it to the jeweler who deal the highest price. My mom used to sell gold jewelries too. She keeps the most expensive one then sell the ones with the lower value. =D

Hello, I love gold as well but I dont really sell in the us that much. If I want to sell anything like that then I will go to Jewelery shop and ask how much they buy in and how much they sell out. I know American place will not do that but asian will do that. then You will get some idea how much they sell out and how much they get in... I dont know about the value of gold now but I heard it high tho. good luck, and I dont trust to send out my gold at all... if u can, keep your gold now cuz it will go up high later.