How to Deal With Gold Buyers in Four Steps

gold nuggetIf you have even the smallest amount of gold then you are sitting on a very valuable commodity. Sure, you could stash it away and cash in 30 years from now, but if you like the color of money then you’ll probably want to sell as soon as possible. Just think what you could be spending all of that money on? A vacation in the sun, a new car, a shopping spree around the clothes shops…the list goes on.

In order to get cash for gold you will need to find a gold buyer. Fortunately, there are many of these currently operating in the marketplace.

Make no mistake about it, competition is fierce, which means there are many different companies vying for your business. You are in control.

How to deal with gold buyers in four steps:

Know current market prices

Before you even begin visiting the various gold buyers out there it’s essential you find out the current market prices of gold on an independent website. Never trust a gold dealer when they tell you the prices. It’s not that the majority of gold buyers are dishonest, it’s just that you should never trust anyone.

Know your gold

The “karat” of your gold will determine how much you get paid, so make sure you fully understand the gold you have in your possession. In a nutshell, the higher the karat, the higher the value, so get it checked out by an expert if you are still unsure. You might be sitting on a goldmine!

Check for reviews

One of the great things about the internet is that you can check for reviews about a specific company and see what previous companies are saying. This is a very important step when dealing with gold buyers because it gives you an insight into how they do business.

If there are a lot of negative reviews and the general consensus is that they rip customers off, then needless to say you are better off looking elsewhere.

Haggle if you want

You don’t have to take the price quoted when selling your gold, and if you’re unhappy with the price then it could be worth haggling to see if you can get an improved offer. Not all gold buyers haggle, but some will, and if it means a few extra dollars in your pocket then it is well worth giving it a try. The worst thing that can happen is they say no.