Selling Old Jewellery And Old Scrap Gold

By Simon Turner-Bradwell

Selling unwanted or scrap gold and jewellery is becoming an increasingly popular way of quickly raising some spare cash for a great many people.

The gold buying business is booming in the United States and that boom has now made across the Atlantic and into the UK. Newspaper and television ads regularly appear in the media and many high street money shops now offer a scrap gold buying service.

There are two main reasons why selling scrap gold is on the increase. Firstly, with the current economic climate more of us need to raise extra cash and can no longer afford to have unused gold or jewellery just stuck in a drawer gathering dust.

The sale of scrap gold has also become increasingly popular as the price of gold continues to rise. This will mean people will receive a good price for their old gold.

But the boom in the demand for scrap gold and valuables has led to some unscrupulous companies invading the scrap gold buying market. Such companies leave the public dissatisfied as they often pay below par prices, leaving their customers quite literally short changed.

Many of the complaints against companies not paying a fair price to sellers have been made in the USA, but British sellers must not become so complacent as to think it could not happen over here. British people seeking to sell their scrap goal and jewellery should therefore take some safeguards.

One safeguard is to deal only with reputable companies who are already established. This is especially important if you are dealing with these companies by post. Dealing with a gold buying company by any means other than by face to face is fraught with danger, but such an organisation dealing by post should have a gold calculator on their website. This will allow you to calculate how much money you will receive for your scrap gold and many reputable companies will offer a price that is guaranteed.

In seeking the best possible price for your scrap gold and jewellery it is advisable to shop around and see which companies offer the best service. When comparing the various gold buying companies it is often better to used the internet for your search rather than ads in the local press.

By entering 'gold buying centres' or 'gold buying shops' into a search engine you should be able to find a gold buying company that meets your needs though be very careful to check the websites terms and conditions and always choose a company that offers a gold calculator on their site.

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