There are many different potential traps when you are trying to sell jewelry for cash, because the market for them is so large.  As soon as the news outlets alerted the public to the rising prices of gold, diamond and precious metals and precious stones, everybody from the experienced jewelry buyer to the con artist and unscrupulous business set up shop to try and get as many people as possible to sell their jewelry to them.  In fact, the Better Business Bureau and other consumer reporting indices have reported much higher numbers of fraud concerning makeshift jewelry buyers ever since gold began to really rise. This is what makes this industry so lucrative. 

Even though news reports say that the economy is recovering, the price of gold doesn't show it. It has been as high as $1800 an ounce, and now is a great time to get into the cash for gold business. To avoid being swindled, there are some things you need to know: what constitutes "scrap gold", where to sell it, who to sell it to, and the price you should get for the gold. 

The price of gold and other precious metals is holding steady on today’s world markets. Over the past decade, investors have been increasing their holds on these commodities. This undoubtedly filters down to the retail sectors and jewelry businesses. So, what does this mean for someone who is contemplating the value and sale of their antique jewelry? You may be considering the profits that can be made by selling your great-grandmother’s wedding ring, or you may at least be curious of its worth.