4 Steps to Sell Your Old Gold

If you have unwanted gold that you hope to exchange into cash. You can sell your gold jewellery in a shop, online or at a garage sales. Don’t just go to anywhere that buys gold, you might get ripped off. Here are some tips to help you sell your gold more valuable.

1. Find a Trader
There are plenty of gold collecting traders in the city of Sydney, also lots of pawn shops in your neighborhood. If you consider your items as big deal, try to avoid some small shops. Gold buying traders need to have a second hand dealer license according to the State and Territory Law in Australia. If you google a trader or find it in the yellowpage, be sure they have the license.

2. Understand the gold spot price.
You can check online to find out the live spot gold price. You can evaluate your items roughly. Although gold price is not as up-and-down as stocks, it has different price depends on the time. If you think the gold price is gonna rally, you might want to wait for a while unless you are in short of cash.

3. Call the shop
It’s worth your time to do some work. Find out the exact location if they are in the city. Do they open at the weekend. Check their website if they have it. Tell them that what your item is and get a quotation before you go there.

4. Go to the Trader
Not like other online trading, you’ll have to go to the actual shop to sell your gold. Make sure they have the right technology to test your gold. Remember, if you are not satisfied with the results, you can always leave. Gold buyers are in the business to make money and so you should expect a discount to the market price. Be sure you sell the gold to them, not the whole package. They probably don’t care the design of your pieces or your gold being broken. Do get back the attachment to your gold piece, such as gemstones or diamond.