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Cash For Gold Prices
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There are millions of people all over the world who own gold in some form or the other – bars, coins or jewelry being the most popular. Apart from this, people who own gold may also have foreign gold, bits and pieces of broken jewelry, tie-pins, cuff-links, gold watches, pens and pencils, antique pieces, artifacts, cameos or hair pins. These are things which lie forgotten in the back of cupboards and drawers and most people don't really know what to do with them. People seldom realize the cash value of such gold scrap. Jewelry is often stored in vaults and taken out on special occasions.
However, in today's straitened financial climate, it's no longer viable to hold on to unnecessary gold reserves. Your gold can pay for mortgages, your dream car or boat, a much needed vacation, medical treatment or can be converted to cash which can be invested elsewhere. There are thousands of large and small companies which offer cash for gold and you can exchange the precious metal for cash at any of these firms.
With gold prices being higher now than they have ever been in history, anyone who has some quantity of this precious metal is definitely contemplating cashing in on it. All of us know that gold is a great investment, but we seldom think of converting the gold we own into ready cash. Gold prices are highly volatile and can fluctuate several times in the course of a single day, based on global demand and supply. Gold prices for different carat weights of gold may also differ.
Once you have identified a reliable and trustworthy company, you can check their website for the necessary information. Some companies offer 100% rates based on current gold prices, while others charge a commission. All firms pay according to carat weight and purity. 9, 14, 18, 21, 22 and 24 carat gold prices range from 375 – 999 purity based on international standards. The prices are calculated per gram weight of gold. Usually, jewelry is made from 22 carat gold, which means that it is considered 91.6% pure gold which is mixed with copper or other metals to make it more malleable and easy to work with. 100% pure gold or 24 carat gold is too brittle and unsuitable for use as jewelry. However, it may be available in bars or coins.
You can ask for an on-line quote based on the quantity/quality of gold available for sale. Once you get a satisfactory quotation, you can send your gold to the firm for testing. This is done with nitric acid as gold is the only metal which stays inert in the presence of this acid. If it is found suitable, you will be given the cash immediately or within a day.
If the firm is an ethical and creditable one, this is a safe, convenient and quick transaction, which leaves both buyer and seller satisfied.
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