Where to sell gold

Now that you've calculated what your gold is worth, let's talk about where to sell gold. The price changes everyday. Some experts predict it will continue to rise while the economy is in a slump, and some feel it will drop somewhat and level out over the next year. No one can accurately predict what will happen, so it is ultimately your choice of when to sell. One thing to keep in mind is that no matter whom you sell to, the buyer will make a profit. Otherwise, they're just trading money for gold, and that's not good business sense. Whom to sell to is also your perogative, and the following list contains several suggestions about where to sell gold and the different types of buyers that are willing to purchase your jewelry.

Jewelers. For the most part, established jewelers are good sources for selling jewelry, however, they do have overhead and will need to make a small profit. The good thing about selling to a jeweler is that they will weigh it right there and give you a price on the spot. You will then have the option to accept the price or shop your jewelry around to a few more jewelers. You know how much it's worth. You're just looking for your best price at this point.

Online buyers. Silver and Gold Exchange is an accredited gold and silver buyer through the Better Business Bureau, and one of the many online gold-buying websites that have sprung up since the price has risen so dramatically. Check these out very carefully, and ask if they will give you a quote before you commit to sell.

Refineries. Refineries are another route people take to sell their precious metals. There are a number of established, reputable refineries that advertise on the net. You'll find them with with a little research. Feel free to email or call them to get a feel of their honesty and professionalism before you decide to deal with them.

Ebay. I've used Ebay a number of times, and have found that there is no shortage of scrap buyers who will pay full spot price and sometimes higher if a bidding war breaks out. Would I recommend this method? Sure, but only to the seasoned seller who is familiar with the internet auction giant and all the possible pitfalls that go along with it. Buyers want to see pictures, so include at least one with your gold on the scale and the weight showing, like the picture below.

Now let's move onto when to sell your gold!