How to Sell Scrap Gold for Cash

The price of gold has risen tremendously in the past few years.  You can earn a lot of money by selling your scrap gold for cash.  You will want to be careful, however, because there are a lot of people who take advantage and do not give you close to what the gold is worth.  The following are tips on how to sell your gold successfully.

First, you will want to explore all of your different options for selling your scrap gold.  A lot of jewelry stores will now buy gold and pay you cash for it.  They now have kiosks in the mall where you can bring your gold for cash.  They also have online places that accept gold.  You may have also heard commercials on the television for places that you can send your gold and get paid cash. 

So how do you choose between all of these different places and avoid a scam?  You will want to do your research.  Get an idea of what the current rate of gold is.  This will constantly change so you want to make sure that you get it right before you buy.  You may also want to keep track of it for a little while to make sure that you get an accurate idea.  Then you should ask the different places what rate they give to you.  You should avoid any place that just takes your gold and does not tell you how much you get only to surprise you with the money.  If you did the math, you might not be pleasantly surprised by those places.  Remember, you are not likely to get the actual rate of gold – obviously the places do need to make money but you should get a significant amount. 

You want to make sure that you consider places you trust.  You may want to see if you can get a recommendation from someone who has sold scrap gold for cash before and has had good luck with a company.  This will prove to you that they will actually follow through and might be important if you are going to be sending your cash away somewhere.  You also may be able to find reviews online and in other places.

Once you know where you are going to go, you should weigh your gold yourself so that you know what it should be worth.  Make sure that their measurements are the same.  Then go to the place, and get your cash.  It is as easy as that.