Ever heard the expression that all that glistens is not gold? That may well be the case, but if you do have some gold, glistening or not, there’s an easy way to trade cash for gold
I’m not talking about selling the family silver (or in this case gold) or hawking your engagement and wedding rings to someone who names his own price below market rate and then sells them on at a huge profit for himself.
The secret is, gold is gold no matter what. It has its own intrinsic value and that value is regulated by market forces and is published daily so you know exactly what your gold is worth.
It doesn’t matter if your gold is contained inside some hideous piece of jewellery that you wouldn’t be seen dead wearing, or if it’s in a broken gold bracelet or gold necklace that you can’t wear any more.
The gold can be from nasty seventies cufflinks, antique jewellery or even from gold teeth. No matter - there are people out there who will buy your gold at the market rate and because gold is such a vaunted commodity it’s easy to achieve the best price for your gold.
So, how do you go about it? The best part is that you don’t even need to leave your house. You don’t have to be nervous about going to some neighbourhood you don’t know, carrying your gold and then getting pressured by some jeweller into taking whatever price they offer.
The good news you can do it all online, you can check out the price you’ll get anonymously and with no pressure - you can just browse in the comfort of your own home, make a decision in your own time and decide for yourself if you want to go ahead.
There are many gold buying sites online these days and they are reputable businesses that pay a good price for your gold, explain the whole process and do not pressure you into selling your unwanted gold for a price less than you would want.
A quick search on Google for a term like ’sell scrap gold’ or ’sell old gold jewellery’ will bring up a list of gold buying sites. Always look for the BJA or British Jewellers Association logo on the website, this is the regulatory body and any business buying gold online should be a member.
Most sites will publish what they will pay per gramme of gold on that given day (the price of gold fluctuates daily) and will also have a calculator where you can put in the weight of the gold and the whether it is 9 carat, 14 carat, 18 carat or 24 carat gold. If you don’t know the carat don’t worry they can check that for you when you send your gold in.