Not to be bearer of bad news, but those companies that buy the scrap gold online are really ripping people off and taking advantage of people. Their only popular now becasue of the state of the world economy. 5 years ago no one would consider selling their gold at those costs.
I'm not saying this to piss you off, Gareth G. I am so pissed that these companies are cheating people out of their money. These companies are just a level above "conmen". They prey on people who are desperate for cash or money to pay bills, rent, car payment etc.. One of these companies was chastised for target advertising to the elderly and sick. These companies have "Gold Parties" where they go to fixed locations and buy gold. Some of them were going to and intentionally targeting retirement and hospice care facilitities and buying top quality gold and payiing pennies on the dollar to Senior Citizens who didn't know better. They used hard sell tactics and "scared" people into selling it to them. They tell people that gold prices are falling and they need to sell now or their gold will be worth nothing in 8 months.
A better deal would be to go to any jewelry store, either sell it to the Jeweler direct or have him smelt it for you and turn it into one piece. Make a "Custom" Gold Coin or have him smelt it into a "mini" Gold Bar.
If a family emergency comes up or something serious where you need money immediately then "Cash For Gold" is an option. However, If you are just looking for extra money or want to get rid of jewelry then that is a BAD investment. If you compared your scrap weight to the standard price of Gold in the World Market, you can see what its worth.
Go to
www.goldprice.org. Do a little homework and you can make more money. Dont let these f***in' leeches take your money. Currently gold is selling at avg. 18.00 GBP per Gram. Your 79 Grams should of paid you 1470.00 GBP. Depending on purity, overhead etc,etc,... You should of received, at minimum 1000.00 GBP If you cut out the "Cash For Gold" people. I dont know where you live, I assume U.K. Every major city will have a Jewelry district or Diamond District. If you live in the U.K best bet would be London. Contact regular Jewelry stores. DONT go to guys who advertise "Buying Gold" or "I Buy Gold". Plus, Its only worth it if you have a good amount of weight. A regular Jeweler wont buy a small ring or earings. They will buy a large amount of quality gold and pay you a fair/reasonable price. Find a Jeweler who makes custom jewelery. They will always buy quality gold and make their own pieces, whether it is rings, necklaces, earrings.
These "Cash For Gold" companies are really ripping people off and taking advantage of the economy. If you got 550.00 from them they can sell it to a jeweler for 1250.00 who in turns puts it into a necklace or ring and sells it for 2000.00.. If you cut out the middle man, you can make an additional 60-70%. They expect people to not know how to sell gold. They LOVE people who dont know what to do.
I know this because my Father is in the watch/jewelry business and he saw one of those commercials and told me exactly what they do.
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