The gold price has been continuing to decline on Friday morning. The spot price of gold fell to a four month low and is around 1,571.10 an ounce. Silver also took a 1% hit as well. The Equity markets in Europe and Asia also traded negative in part by JP Morgans $2 Billion dollar loss on credit default swaps.
The price of gold did receive some support from the latest producer price index data which measures inflation in the US, It has a .2% decline in April and Michelle Meyer (Senior U.S. Economist for B.A.M. Merill Lynch said “Looking ahead, cons umber prices should remain contained. The Fed shouldn’t be worried about inflation.”
Thursday for a brief amount of time gold snapped a 3 day decline and went above the $1600 an oz price, but today it is still down lower around $1588 as of 11:30am.
When someone never sold gold before they can become skeptical, and for a good reason, there are many cash for gold fly-by-night companies that prey on the uneducated and vulnerable seller that may not know the value, or what they even have to sell. We are listing some tips on how to sell gold and other jewelry efficiently both online and in person at a jeweler or refiners location.
Tip Number 1
Think twice before going to a pawnshop because this gold buyer is a middleman that is going to make a huge profit off of buying your gold, historically, and not in all cases pawn shops offer the lowest cash for gold so they can maximize their profits when reselling to a gold refinery.
Tip Number 2
If you have abeautiful hand crafted one of a kind unique gold piece your best bet will be going to a local jeweler to sell gold. If your jewelry is broken, damaged, tangled on just plain regular you can go to a local gold refiner, gold refiners pay the highest historically compared to any, cash for gold company, gold buyer, jewelry store, pawn shop or eBay.
Tip Number 3
Thinking of selling gold online? Well our suggestion is to do your homework and get the price in writing and make sure they have a 30 day guarantee or a wide time frame for you to refuse their offer if it is too low. Selling gold online can be a challenge to say the least but finding the right online gold buyer can be great as well. There overheads are low, but depending on who you use you can get anywhere from 5-90% of the golds value so be warned and do your homework.
There are many ways to sell your gold jewelry but only one is the right way. We are going to let you in on a little secret when selling gold or other jewelry online or in person in our midtown Manhattan gold buying office. The first thing to realize is you can sell your gold in person or sell your gold online. Both ways are great ways to sell your gold but there are some precautions everyone needs to take.
Sell Gold Online
You can sell your gold online but it is best advised to get a few quotes in writing and see if they have a Live Gold Payout Chart, on their site. If they do , and they have a return policy over 2 weeks if you refuse the gold payout, then you are in great shape. And best of all, all you need to do it request a gold kit and they pretty much all take care of shipping and insurance, so just get an offer from the quotes they provide and have it in writing or email.
Sell Gold at a Gold Party
This can be a great way to sell gold, or even make some extra cash, Many cash for gold companies have gold parties where they provide the food, the drinks and staff, and you invite your family, friends and acquaintances over and you actually get a percentage of all the sales they make. So not only can you sell your gold but you also be paid a referral percentage!, pretty sweet right?
Sell Gold In Person
If you need cash now, and can’t wait this is your best choice when selling the gold in person, you should compare several gold buyers rates and shop around, most likely they will be in the same ballpark, but most jewelers will take advantage of you if they can, so you should know a few things before selling gold in person.
1) Know the carat of the gold you have.
2) Know the approx weight in grams
3) Get a few prices on what they pay per gram and per pennyweight.
Understanding these tips on selling your gold in person or online, you will be in great shape and have the best chances of getting a great rate on selling gold.
If you have some gold jewelry laying around there is a pot of cash waiting for you in our gold refinery. American Gold Refinery pays top cash for all gold, silver, platinum, coins, watches and other gold and silver jewelry. So if you are looking to Sell Gold NYC We are a refiner and cut out the middleman, we are a gold buyer in New York City. We are located in Manhattan’s Diamond District and located near all major subways.
We specialize in refining and for this we can pay top dollar because we cut out the middleman. When selling gold online or in person we will make you comfortable and give you a safe and secure feeling when in our office. There is no doubt in our minds we are the best gold refinery and gold buyers in Manhattan, and the whole world.
Sell Silver and Sterling Silver Flatware
If you inherited silverware from a great aunt or grandmother, what does this mean besides using it on special occasions a few times a year?
The answer simple…. Silver is at an all time high and what are you waiting for? Bring it in and get it sold now. We specialize in refining gold and silver and with silver approaching 40.00 an oz, this is a no brainer to cash in, your silverware can actually be a gold mine!
If you are looking to sell silver you are in luck! We buy all silver, sell silver flatware, silver coins, silver jewelry, sterling silver and sterling silver flatware. No one beats our prices we pay top dollar for all silver. We cut out the middleman because we are a silver gold refinery based out of New York City that is located in the heart of midtown Manhattan, you can come in to our gold and silver refinery or we have mail in options for people wanting to sell their gold and silver out of state.