Sell your gold in Queens- Just Know & Eat your “Karat’s” 1st

Posted by daniel rosenfeld

As we all know, investing in gold has become very popular lately. All consumers need to make it a point to find out if their gold buyer is honest and legitimate. Several entrepreneurs are ready to buy gold from consumers so they need to be aware of the value that they can receive for their gold and how this price had come about. According to reputable gold firms, some gold parties may offer lower rates and so it is necessary for consumers to consider some points.



Firstly, it is necessary for the consumer to be aware about the weighing scales used for gold. They must be aware of the weight of gold as well the measurement that the buyer is using. Consumers must observe whether the buyers are weighing with Troy ounce, pennyweight, or grams. If the measuring scale is observed carefully, there is less chance of receiving less value for gold. Secondly, karats are a major factor of determining gold value. Most of the prices of gold are decided by karats. Consumers must be absolutely certain about the karat value or they may accept a very low price for high valued gold.

For example, there would be a price difference of almost double between a 14-karat and 23-karat gold piece although they may virtually indistinguishable to most people. Any gold that is less than 10 karats is not usually sold as gold because it lacks value. Moreover, when weighing gold, consumers must make sure that every karat of gold is weighed separately. If all the gold of different karats are weighed together, the gold buyer may offer a low price equivalent to the lowest karat gold you had weighed.

These are some of the things to consider when making cash for gold. Other things you should try when looking for gold buyers in Queens include a survey on the value of gold you possess. Once you are sure about the karat of gold, take a market survey and see how much value is being offered for your gold in the Queens market. Some dealers may make you believe that they are paying a high price but in reality they are actually giving very bad offers.

Also read:Interesting Facts about Queens Area Gold Buyers

In Queens, there are several retailers and it may be necessary to know and trust the gold buyer. This means that the buyer should either be a relative or trustworthy enough stranger. Apart from karat, if the gold is from any designer or well-known brands, you may be able to demand a higher price. If these points are considered, consumers can get more cash for gold.

If you need a place to sell your gold to and you live in Queens you must read this ”sell gold” guide before selling anything.

Luriya, the #1 place to sell gold in Queens. 

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Topics: Gold, Selling Gold

March 17, 2017