Gold Buyers

How do you choose the best gold buyers?

We all know gold is a valuable commodity, in bullion form and even in the form of jewellery. But did you realise, unlike almost everything else you can buy, gold is one of the only things that does not lose value. Think about it, a fancy sports car, the latest must have phone, household items such as fridges and stoves, they all lose value over time no matter how high quality they are.

One interesting fact is items such as computers are well known for losing their value at a very substantial rate. A 3,000 dollar computer bought 3 to 5 years ago is now almost completely worthless. However, there are often metal components inside the computer parts and chips including a lot of gold. Many people salvage gold from computers on the side of the road and rubbish tips for this sole purpose.

In fact gold has been dramatically increasing in value for the last 10 years! Market value fluctuations aside, the cash value of gold increases because the value of cash dollars decreases with inflation. Precious metals such as silver and gold hold a real intrinsic value, and the reserve bank cannot print more gold when it wants to falsely stimulate the economy.

Gold buyers are people who will buy your old gold in any form, and of varying grades. Even 9 carat rings and chains can be sold. The gold buyers will melt these down and extract the pure gold, getting back most of the true value of the metal.

There are many gold buyers out there, some pay only a fraction of the true gold price, others pay very close to the true value (minus any trading commission costs, and fees). If you do have some unwanted jewellery sitting around the house, or need to generate some quick cash, we recommend you do some research to find out who is offering the best prices.

There are some gold buyers who advertise heavily on television and the Superbowl and other places. Consider this, if they have the millions of dollars of money to the pay for these ads, and pay all the staff that such a large operation would require, then they are going to have to recuperate that cut in earnings and profit margin somewhere, and that is they will not pay a good cash rate for your gold.

The cash for gold industry is one of those industries where a smaller operator who has less expenses, can offer a much better deal to sell your jewellery.

Source by Michael K Silver

Gold Buyers