How gold selling works?

How gold selling works

Gold buying companies' business model is simple: they buy gold, melt it down and flog it on for more. This means you can get cold hard cash for broken and unloved bling.
There are two main ways to flog your gold…

1. Postal gold companies.
   With postal gold websites, you get a quote and send it off in an envelope. Payment is by cheque or direct into your account. When some gold sites send a cheque, you can choose to cash it or reject it. Gold sites' feedback varies dramatically, so read this guide carefully before posting your treasures.
2. On the high street.
   If it's high street gold jewellers, you simply go door to door, haggle and hand over the goods there and then. This is safe and you'll know exactly how much you'll get, but, unless you live near London or Birmingham's jewellery quarters, postal gold often wins.

There are also gold parties, where friends get together to flog jewellery. We asked one of the biggest gold party firms what it pays per gram, but it wouldn't say. Ultimately, you're likely to get enjoyably inebriated – but that's never the best way to make a financial transaction.
This article will help you get the most ker-ching! for your bling and show you how to do it right. But remember... Read more on GoldinPC