Unlock The Value Of Your Gold Scrap
Gold Scrap
These days everyone has a value proposition. Whether it’s your local car dealer trying to sell you on that new car, or just your local baker showing his wares, everyone’s got something to say about value. Just like your car dealer, or your grocer, I also have a value proposition. With this one, however, it’s a proposition that will put money in your pocket instead of taking it away.
In most of our homes, we are sitting on a fortune in scrap gold. That broken wedding ring, those mismatched earrings, or the ring from your ex-boyfried that you never wear may all be of value to a gold scrap buyer. Buyers can be found online, or in your hometown, and they will pay real money for all of the gold that you no longer use.
In this article we take a look at the value of your scrap gold. Getting money for what you thought was junk isn’t difficult, it won’t take a lot of your time, and if you choose the right buyer you’ll have your money as soon as tomorrow.
Where Do I Find Scrap Gold?
Scrap gold often turns up where you least expect it. It isn’t just those broken jewelry items that have value. Anything made of gold can be turned into cash. As long as the items contain 9kt gold or better, a scrap gold buyer will see it as valuable.
Common places to find scrap gold include: your jewelry box, your junk drawer, or in your attic. Items you are looking for may range from gold bullion to the gold wire that was used in that old radio. There are literally hundreds of places that you can find scrap gold. Take your metal detector for a walk down the beach, for example, you’re likely to turn up lost chains, rings, bracelets, and more.
What Is My Scrap Gold Worth?
The prices of scrap gold does vary by market conditions, from dealer to dealer, and also by the purity of the gold itself (ie 24kt gold is worth more than 9kt). Some dealers pay more than others, and as a commodity gold is always going up and down. Since we are talking about value, however, let’s take a closer look at the value of scrap gold in today’s market conditions.
Here are three examples to give you an idea of the value that can be unlocked by cashing in on your scrap gold.
1. 18 carat men’s gold watch band from that broken rolex – 68 grams
At the current market rate, online dealers are buying 18kt gold for about $17.40/gram (8.70/gram). That one gold watch band is worth over $1184 / 592.
2. 22 carat ring – 8.5 grams
If you had 22kt gold in your scrap, it is currently being purchased at about $21.20/gram (10.60/gram). That ring is worth more than $194 / 97.
3. 9kt Pendant with diamond missing – 7 grams
On the lower end of the scale, 9kt gold is currently being bought around $8.80/gram (4.40/gram), making that pendant worth over $60 / 30.
When you start to add up the numbers, it becomes quite clear as to what the value of your scrap gold may be. In most homes we have more than just the three items listed. Add to the pile 5 mismatched gold earrings, another ring, and those 2 chains than you can’t seem to untangle and suddenly you have a fortune in scrap gold!
Whether you found three grams of scrap gold, in that one gold earring, or three kilos throughout your whole house, unlocking the value of your scrap gold is easy, and today’s value proposition is one that may just line your pockets for years to come!
Article Directory: http://www.articledashboard.com
Gold-Traders is a leading purchaser of scrap gold and gold coins. Instant valuations are available via the online gold calculator and payments are usually issued within 24 hours.
Then there are supply and demand factors that I have not mentioned here at all, such as the demand for gold jewelry and the production by miners. They provide a third way of thinking about the price of gold.
Gold demand pushes through $1 billion
“While current market conditions have impacted consumer spending on jewelry, purchasers in many of the key gold markets understand gold’s intrinsic investment value and continue to buy,” he added. Total demand remained very strong.
How Much Is Gold Jewelry Worth In Bullion?
You know that bracelet is 18K gold. That means it contains 75% gold and 25% other common metals. So you have 3/4 an ounce of gold.
Merrill Lynch CIO Says Gold to Hit $1500 Within 15 Months
So will we see another sell-off in gold during the next few weeks or was it just coincidence that the price dropped so quickly after Merrill’s last bullish announcement?
Understanding the Price of Platinum Jewelry
Why is Platinum Much More Expensive Than Gold? Platinum is a hypoallergenic virtually pure precious metal.
Mail this post
February 19th, 2009 at 4:01 pm
[...] or late fees to worry about. Convenience: You can pawn just about anything from mobile phones to jewelry, depending on the amount you [...]