How Cash4Gold Works

firescribe — Mon, 02 Feb 2009 12:39:48 CST

If you've got a jewelry box full of unused, unwanted or broken gold jewelry, you may be sitting on a literal "gold mine" and not even know it. That's because despite the shaky economy, the value of precious metals like gold, silver and platinum, have never been higher. Gold is generally trading for between $850 to $980 per ounce.

So how do you sell your gold for cash? There are a couple of ways to get money for your unwanted jewelry.

Selling to a Pawn Shop or Consignment Store - NOT Recommended

One of the first things that come to mind when selling jewelry or gold for cash is a pawn shop or consignment store. They're local, they give you money immediately and you can possibly get your item back before too much time has passed. The downsides of taking your gold or jewelry to a pawn shop outnumber the benefits though.

First, they're likely to give you only pennies on the dollar for your gold. That's how they stay in business, by acting as the middleman between you and the actual buyer. The end result is that less - much less - of the items' actual value ends up in your pocket.

Secondly, they'll ask a lot of questions - about where you got the item and why you're selling it. In troubled times, it may be awkward or downright embarrassing to talk about it, and you may want to consider the second, more trustworthy option - selling your gold directly to a refinery.

Selling Directly to the Refinery - HIGHLY Recommended

B y selling your precious metals or scrap gold to a refinery, you're likely to make a higher profit because there's no middle-man involved. The entire process is also confidential and private. The refinery doesn't ask questions about where the gold came from or why you're selling it.

Working directly with a refinery will fetch you a higher price than selling to a third party, but if you don't like the price you're given, you can opt to get your items back -- not so in the case of a pawn shop or consignment store, where they may be sold in a few days, if not hours of your dropping them off.

Plus, precious metal refineries have safeguards in place to protect your items. One of the most well-known and highest recommended refinery companies, Cash4Gold, gives out free, pre-paid, insured mailing packets. The durable mesh packets ensure that the contents are protected against theft or damage - and you can track the progress of your packet online.

To get top dollar for your unwanted, unused or broken jewelry - including gold chains, rings, earrings, watches and bracelets, simply go to Cash4Gold.com and request their free "Refiner's Pak" to be mailed to you. Then drop in your gold, silver or platinum jewelry and mail it to the refinery - free of charge. You'll get an estimate for the value of the melted items, and can have the cash deposited directly to your bank account if you choose.

Dealing with an established, reputable company like Cash4Gold.com is the ideal way to get cash for your gold quickly, easily and reliably. Having served tens of thousands of customers and paid out millions of dollars - it's worth looking into, and it's free to use.

For More Information...

Cash4Gold - Recently Updated Pages

How Cash4Gold Works