So the issue of where to sell gold hinges upon where you can get the right price for it. The last thing you want to do is offer your gold to somequestionable pawn shop or jewelry exchange that might swindle you out of the true value of your goods. Besides, even a jewelry retailer needs to make a buck too, right? After all, a retailer is going to pocket your gold and try to resell it… the old buy low, sell high game. It’s his job to pay as less as possible for your gold so that he can flip the same item for as much as he can, to make money.

The ideal location where to sell gold is to a gold refinery. Why? Because they will take your gold and melt it down, and repurpose it as they see fit. Gold refineries aren’t in the retail business. They don’t resell gold items. They are basically wholesale distributors of raw gold. Because there is no middle-man, hence the profit margins are better, and therefore they can afford to offer maximum cash for your gold.

The reality is, you can expect to earn about three hundred percent more for your gold through a gold refinery than you could if you were to trade it in at a retailer.

The best part is that these companies are offer a price so competitive, there is no need for you to negotiate or bargain with them. They offer a quick turn-around time and send payment to you expediently. You don’t have to feel like you are being taken for a ride, because you won’t. You are getting the best possible payout, while still allowing for the refinery to profit as well.

So it really is a good idea to do your research before you decide where to sell it to. Just makesure that you aren’t dealing with some gold “dealership”. Just be sure you are not giving away your gold to some shady here-today-gone-tomorrow business that is out there to take your jewelry and run.

If you own gold, then you should know that you actually hold the upper hand in any negotiation. Gold is a scarce commodity. You hold something that THEY want. They want the gold that you have. So you should not settle for whatever pennies on the dollar they are willing to offer you. You need know the true value of your gold.

That is why the refinery is the best place to sell your old gold

Assuming you are in the same situation you will need to methodically do your research before giving away your gold or silver to just any gold dealers in that there are an ever increasing number of fraudulent gold buyers in the precious metal buying business who will without conscience take advantage of your financial desperation and reward almost nothing for your gold jewelry.

The fact that this practice isn’t a scam, it is in any case, immoral and unethical and I feel it necessary to warn those of you who might be considering exchanging your old gold, silver or platinum jewelry to be sure to refrain from dealing with companies that are acting as gold brokers and to do business only with precious metal refineries or cash 4 gold buyers that utilize their in-house precious metal refineries

The fact is, cash for gold companies are simply acting as brokers between you and a gold refinery and because of that they will reward you about 1/3 of the actual value for your gold and instantly unload it directly to a gold refiner themselves thereby keeping the lions share and you keep a couple lousy bucks.

Not so long ago, Fox news put together a kind of undercover operation, where they mailed in 3 exact same amounts of gold to 3 different precious metal businesses and waited for their payout and while all of the businesses did in fact deliver a check for the old jewelry, only 1 of those cash for gold buyers actually gave the real value of their gold while the other 2 gold buyers payed out 1/3 of today’s real value.

The 2 businesses that payed out such a small amount were acting as a middle man while the third cash 4 gold business that payed the most value did utilize their own metal refinery, so it is seller beware in this industry and I absolutely suggest that you do your homework before unloading your old family jewelry so that you will not get sucked into the cash for gold scam