You have a ton of gold at your house. Not only do you have old gold jewelry that you don’t wear, you have gold coins and gold bars that your grandparents bought for you a long time ago. You've heard that the current gold price is rising and you want to take advantage of the rising gold price by selling your gold. What's the best way to do that? What are some qualities to look for in those buyers?
First of all, it’s going to take some research because you're going to need to compare all of the gold buyers you've considered using. You want to make sure you get the maximum payout for your gold. Your product is worth something and if you don't get what you deserve for it then you're essentially giving it away. Make sure you know what kind of payout they're giving in relation to the current gold price.
Next, you'll want to research how long a gold-buying company or dealer has been in business. If they popped up last year, they might not be as reliable as someone who has been in the business for twenty-five years.
Additionally, does the company you're researching offer shipping insurance? If they cover a large amount of what the gold might be worth, such as twenty-five thousand dollars, you may want to use them. A lot of businesses will make you pay for your own insurance, or they'll only cover up to a thousand dollars.
Moreover, what BBB rating does this business have? If they have a C, or even a B, be careful. There are companies out there with an A+ rating. Check customer reviews. If customers are talking about how horrible the service is, you'll probably want to steer clear of that company.
Since you're doing this online and not going around town to different dealers, you might be wondering how long it takes to complete the transaction. They'll ship you a gold kit, you'll need to either take their offer or try to get them to give you more money for your gold. If that doesn't work, you'll have to try another buyer. If you decided initially that you were satisfied with their offer, you'll have to send your gold in, and wait for your check to arrive. This process shouldn't take a month. If it takes about a week, that's generally good customer service.