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How to Get the Most for Your Redundant Gold

selling gold and silver for cash
Stephen/

If you haven’t been exposed of late to at least some form of ad regarding what to do with your redundant gold, you have perhaps been living beneath a rock. The “amazing ideas” range from sending it through the mail, to dropping it off at “sell gold coins for cash near me” place, to attending a gold purchasing party.

Where to go to trade your gold?

Tiny pop-up walk-in gold stores have flooded almost every town over the last several months. They are almost everywhere.

The issue is with so many choices in determining where to go to get the most for your gold. To make things even harder, there are some people out there trying to rip you off, and the resulting losses could be big.

You have three choices if you don’t want to opt for the online option, which is most of the time the safest and the easiest.

Take it into one of those walk-in, “cash for gemstones and gold near me” pop-up buildings. If you can’t find one close to you, we would be surprised. You go in there, they weigh your possessions, and they provide you a quote, typically in just a few minutes. But remember that they can be a bit on the sly side.

Your second choice is to go visit a pawn shop. Some people suggest going to pawn shops over the “cash for gold” places as a lot of these shops pay considerably more.

At last, you can always simply wait. Hold on to your possessions and wait for the rates to go up. Gold fluctuates. But, in the long-run, it has always gone up. If you don’t really need the cash, it may be the way to go. Save it for that “rainy-day”.

On the flip side

Remember, however, that you are more than likely to get anywhere near the present rate of gold. If gold was now trading at $1100 per ounce, chances are you will just be able to sell for considerably lower than that. The reason is that the purchasers of your gold are essentially middlemen, and are taking on risk by purchasing your gold.

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