Selling gold, getting the best price - interesting WSJ article

[mistikat]

Fascinating article on how to get the best price if you are thinking of selling unused/unworn gold, given the skyrocketing price right now...

http://online.wsj.com/article/SB120468497201312539.html?mod=todays_us_nonsub_pj

 

[glitter8188]

WOW,

i might get into selling some of my stuff

 

[sinniebunnie]

I called local pawn shops awhile ago and when gold was 920$ they only paid 640$ an ounce for 24k pure

 

[mistikat]

I bet the place she finally sold to will be inundated with sellers now...

 

[Kellybag]

Found this interesting...down by me when people find out you are having a garage sale...if you post a phone number linked to your sale they call ahead. They ask if you have any old gold you are selling. They will drive to your home early and bring a scale with them and purchase all your old gold. It is a big market right now on all levels.

 

[mistikat]

If the economy softens more, that will probably happen more, too. I don't mind when people melt down "average" stuff, but when it's older, more vintage pieces that they just think is out of style for them .... aaargh! I know it's been very common throughout history to do that - remove stones, replace or melt down settings, but with some pieces it's a shame when it happens.

 

[steviejnport]

About 2 months ago, I found myself between a rock and a hard place. I needed extra cash, but didn't want to actually go to a pawn shop. I have never done anything like that before. There are a number of good online sites that will buy your gold and you never have to leave your couch. I researched the sites for about a week to a week and a half and found that the best reviews were for a site called GoldPawnShop.com. I sold 3 necklaces to them and believe it or not, I got more then what I paid for. I am much more stable now, but that extra check sure helped me when I was down. Good luck!
Steven

 

[Phillyfan]

Does anyone know if value of gold is still high? I'm debating whether or not to sell a very heavy 18 kt bangle that I have never worn. How does the price of gold today compare to what it was in the last few months? Thanks!

 

[2manybags]

You can google to get the current price. It's gone down...I think around $700 these days.

Does anyone know if value of gold is still high? I'm debating whether or not to sell a very heavy 18 kt bangle that I have never worn. How does the price of gold today compare to what it was in the last few months? Thanks!

 

[illinirdhd]

^^^ Yes, DH and I traded some gold in over the weekend on rings that we're having made for Christmas. It was around $730.

 

[Phillyfan]

Just confirmed at jeweler - price of gold definitely down from 2 months ago. I will not be selling my bangle!