An Easy, Risk-Free Process: Six Reasons You Should Sell Your Gold For Cash

Posted on: 17 September 2014


Selling your old gold is a great way to get some extra cash in your pocket, but for some people, it isn't any easy decision to make. If you are on the fence about selling your gold, here are six reasons you should do it:

1. You Are Not Using It Anyway

If you have gold jewelry just cluttering up your drawers or storage spaces, you are probably not using it anyway. If you haven't worn a piece in more than a year or two, there is no real reason to keep it unless you have a strong sentimental attachment to it. Cash, in contrast to old jewelry, is always usable.

2. Even Broken Jewelry or Old Coins Can Be Sold to a Gold Buyer

You may not be able to wear broken jewelry, bu you can easily liquidate it at a good price to a gold seller. Similarly, old coins that are not in good condition may be of no interest to a coin collector, but a gold buyer is probably willing to buy them for the value of their metal

3. Gold Prices are High

Gold prices are significantly higher than they have been in the past. According to Money Morning, the price per ounce of gold has risen by 8 percent since the beginning of the year. By selling your gold now while the market is high, you will make more money. If you wait until next year or five years down the road, there is no telling what your jewelry will be worth. It could be worth a lot less than it is now.

4. The Process is Easy

When you take your old gold to a gold buyer, that professional guides you through the process. He or she can answer your questions, and his or her expertise will make the experience easy on you.

5. You Can Always Change Your Mind

A gold appraiser and buyer looks it over and then gives you an offer. If you are not satisfied with the offer, you don't have to take it. Instead, you can turn it down or get a second evaluation from another gold dealer.

6. Selling Gold is a Risk-Free Way to Get Money Quickly

If you are in the midst of a financial emergency, you can get an emergency loan from a payday lender or another short-term lender, but those loans usually carry high interest rates and fees. When you sell your gold, you don't have to worry about interest, risk, or repayment. You just get the money you need.

For more help or if you want to learn about gold, try contacting a company like Roseville Numismatics Services with your questions.