Published on June 10th, 2022 | by Day Trader

The Mistakes to Avoid When Selling Gold

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If you are looking to make cash quickly, consider getting cash for gold. Gold is an evergreen commodity in terms of value; it will always be worth something. However, there are mistakes you can make and ways you can get ripped off. This video explains the best ways to sell your gold for cash.

Selling your gold requires you to do some homework. The first thing you should know is the price per gram of gold. If you don’t know this, then you may end up getting ripped off. Once you know the price per gram and you bring it in to the pawn shop or jeweler, you can negotiate from a more even footing.

The other mistake you may make is selling your gold at the first store that you bring it to. Take a look online or in a phone book to find multiple cash-for-gold stores near you. You will be able to go to each one and get quotes to compare. If you give it to the first shop you go into, you’re selling yourself and your gold short. The price per gram will change from store to store.

For more information, check out the video above!

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