The price of gold continues to skyrocket, in January 2016 it was about $1,100 an ounce, here it is early July and the price has gone up to $1,360 an ounce. As a typical consumer with some scrap gold lying around the house, how can you cash in and take advantage of this?
There are a few good tips to ensure that when you want cash for gold in Dallas you get the most for it.
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Know your gold: Pure gold is dead soft and is never used for jewelry. For gold to be usable for jewelry it must be combined with other metals to increase its strength and durability. Gold is described in “karats,” one karat is equal to 1/24th of pure gold per unit of weight. This being the case, 14K is 14 parts gold and ten parts other metal and when you are selling your gold, this is what the buyer is interested in, not the other metals.
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Know the price of gold: Check online for the current price of gold, only once you know this should you set out to sell your gold. Although you will not get the current market value for your gold from someone who offers cash for gold in Dallas, knowing the trend helps you to understand the scrap gold market.
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Look for experience buyers: Like every business, only the strong survive. Look for a gold buyer that has had a local presence for a good number of years, this is an indication that the buyer is reputable and offers fair prices.
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Shop around: It is not necessary to jump at the first price you are offered. It might be worth getting a piece of jewelry appraised before you decide to sell it. You may not even know that you have a piece of jewelry that has a value higher than its gold content.
Don’t be deluded into believing that you will get top dollar for your scrap gold. When you get cash for gold in Dallas the buyer only pays for gold, not filler metal and the company has costs associated with refining it down into 24k.
