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3 Things You Should Know Before Selling Your Gold

3 Things You Should Know Before Selling Your Gold

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3 Things You Should Know Before Selling Your Gold All Entries

In today’s tough economic conditions, more and more people are selling their gold in order to obtain much-needed cash. There are countless businesses that offer to buy and sell gold in Phoenix, making it easier than ever to make some quick money on unused jewelry. Not all Phoenix gold buyers are known for their fair practices, however. Here are 3 things you should know before selling your gold in Phoenix:

  1. Market Value
    The best time to sell is when the market value of gold is up. This is referred to as a seller’s market. Even though you still may not get the market value for your gold in a seller’s market, you will get a substantial amount more than if you sell when the value is down. A quick search online will yield a number of commodity tracking websites that will give you the information you need to determine if now is the best time to sell.

  1. Type of Gold
    It is also important to know when you sell gold in Phoenix AZ that there are price differences for the different karats of gold. The purest form of gold is known as 24 karat gold. As the purity of the gold decreases, so does its value. In other words, if you are selling something made of 10 karat gold, you can expect to receive about half as much as for the same piece made of 22 karat gold.

  1. Business Reputation
    Before selling anything, take the time to research a few of the companies that buy and sell gold in Phoenix. A good place to start is with the Better Business Bureau. There you can find out how long the company has been in business as well as if there are any complaints filed against the company. The current recession led to a number of illegitimate companies cropping up that are skilled in scamming uneducated customers. Once you have chosen a company, don’t be afraid to walk out if you feel like you aren’t getting a fair deal.

There you have it: three important things you should know before you sell gold in Phoenix. When it comes to buying and selling jewelry in Phoenix, Scottsdale, Mesa, Chandler, Tempe, Tucson, or anywhere in Arizona or the United States, Ralph Mueller & Associates is a name you can trust.

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