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Tips of how to choose gold buyers in Brisbane

Let’s assume you find yourself in a situation where you have to sell your gold to get cash, you may find choosing a gold buyer more challenging than it should be. There is no shortage of Brisbane gold buyers or alternative ways of making money by selling your gold but having so much to choose from can also be overwhelming, especially when you’ve never done it before.

It is important that you find a reputable buyer buy you also need to know or figure out you’re your gold is worth and to also understand those things that gold buyers look for when evaluating gold. Here are some important things to consider to make selling your gold easier and more profitable.

Know the current market price for gold

The first thing you need to consider before engaging with any buyers is the gold market price which is commonly referred to as the spot price. This is the value that all gold dealers across the globe use. The value is for pure gold, so you have to consider the purity of your own gold. If you are selling jewellery this will be expressed in Karats and if you are selling gold bullion it will be expressed as fineness.

Price Comparisons

Gold dealers are in business to make money, so whilst the spot price of gold might be incredibly high as it has been over the last couple of months, you will not get that exact amount when you sell your gold. As mentioned the purity will come to play and the weight. You should take your gold to Brisbane Gold Buyers as well as local jewelers and pawnshop to see which buyer will give you the best quote. Do not make the mistake of selling to the first buy that gives you a quote no matter how enthusiastic they may be about getting you the best deal.

Recommendations

When you have an idea of what your gold is worth you can get on to finding the right buyer for it. Ask for recommendations from people who have some experience with selling gold. When you are looking for word of mouth recommendations ask about the professionalism, the customer service, the pricing and whether they would use that particular buyer again.

Word-of-mouth recommendations from friends and family are great because they have nothing to gain by sending you to a particular buyer so you can take people at their word.

Another place to get recommendations is on the internet. Search Google, Yelp and the numerous review sites that can be found on the internet. Check ratings and comments about “fair prices”, ease of doing business, customer service and how open the buyers are to negotiating.

Specific items that certain buyers deal in

There are buyers who are just interested in buying gold mainly for the gold content and not on any other objects. Some buyers only focus on gold coins and will not buy jewellery and then there are buyers who buy gold jewellery. Gold buyers will buy gold for gold’s sake and will not include anything else in its appraisal.

The kind of scale a buyer uses

You can weigh your gold at home but your kitchen scale probably measures items in grams. Gold dealers and jewellers use high-end scales that more sensitive and gives more precise measurements. A scale that is used to measure gold needs to be precise so that you get offered the right price. Remember if you have multiple gold items you want to sell, make sure you sort them according to the karats or purity.

Making these considerations can help you choose the best buyer who can make the process of selling gold to all kinds of buyers, easy and convenient. The important takeaway from all of this should be: information is king. The key take away to from all of this is that knowledge is important. It will help you to make the right decisions when selling gold.

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