Gold Events – Don’t Get Ripped Off!
Everyone likes to have just a little extra cash in their pockets, especially in uncertain economic times such as these. This desire for quick money has led to the trend of the gold party, which has become extremely common in recent years, mainly among women. Gold parties are similar to Tupperware or Mary Kay parties, but in reverse. Guests come to the party with their unwanted gold, and they leave with a check. At very first glance, it appears like a win-win situation. However, even though gold parties might be fun and convenient ways to make cash, they normally won’t give you the top price for your gold.
One of the complications with gold parties is that they do not give you an chance to shop around for the very best price. Gold party organizations usually buy gold for only about 50-75% of its worth, and they rarely publish their purchasing costs on their websites. The host of a gold party gets a commission, usually about 10% of total sales, as well as the businesses lower the purchase price to compensate. Independent gold buyers, on the other hand, are able to supply higher buy costs by eliminating the middle man.
Once your gold is evaluated, you may feel pressured to sell on the spot, particularly if the party is being held as a fundraiser. Most guests are so excited to find out how much they can get for their gold that they don’t stop to think about that they could get a lot more somewhere else. If you are planning to attend a gold party, compare prices at a couple of various gold buyers prior to the party, so that you know how much your gold is actually worth and is going to be able to tell if you’re obtaining a good offer or not.
Quite a few of the guests at a gold party could bring old jewelry which they never wear, but which is intact and in very good condition. This is rarely a great concept, As a result of the quantity of craftsmanship that goes into making a piece of jewelry, it is typically worth a lot more as a whole than as scrap metal. Also, you will normally not be compensated for any gems in your jewelry in the event you sell it at a gold party. Your outdated jewelry from the ’80s may not be in fashion these days, but somebody may still want it. Just before selling it at a gold party, see how much you could get for your old jewelry on eBay or Craigslist.
Even if the organization buying your gold at a gold party is completely trustworthy, you’ll not get the best price achievable for your gold. However, if the company is dishonest, it is possible to really get ripped off. You’ll find a lot of tricks some gold dealers might use to lower the amount they have to pay you. For example, they could evaluate your gold as a lower karat than it genuinely is. Or they could measure the gold in pennyweights (about 1.55 grams) but pay by the gram. The dealer typically rounds down when converting pennyweights to grams, so the final price will probably be lower than the true worth of the gold. Regrettably, mainly because the gold dealer is perceived as an expert, few gold party guests will recognize or question these scams.
If you’re invited to a gold party, you should ask yourself what you are expecting from the event. If you are looking to sell your unwanted gold for a good price, you need to go to honest, professional gold buyers, not a party. If you’re more interested in the social aspects of a gold party, spending time and sipping cocktails with pals, you may enjoy it as a enjoyable and convenient method to clear out your jewelry drawer and make some extra cash, as long as you don’t mind the fact that you’ll possibly not be getting the very best price for your gold.
Atlanta gold buyers is a gemological lab and gold buying organization operating out of Atlanta, GA. They’re dedicated to being a reputable and constant source for diamond grading. Sell Gold Atlanta also maintains a state-of-the-art test laboratory, providing the biggest yield achievable along with the very best price for individuals seeking to sell their gold.
Processing your request, Please wait....
