Now could be a perfect time to sell your gold if you know what questions to ask when you find yourself selling gold. If you do not, then you are subject to scams and risk losing profits. Before we get into questions allow me to give you one warning. Don't auction your gold to your mobile buyer who definitely are in your neighborhood though it may be tempting because of the convenience. This is the riskiest strategy to sell gold which is dangerous too. Protect yourself by learning what things to ask and how to get the maximum cash for your sale.
Questions 1: Simply how much back of spot do you think you're buying? Gold is sold by weight. It provides a price that changes every day. It is called the "spot price." Online buyers are not the only way to sell your gold nonetheless they all say they pay a lot more than anyone else. So have them prove it. Don't allow them to have your gold until they show you how much they will pay, by weight, back from spot. Get 3 bids along with the highest bidder wins. It's so easy.
Question 2: Ask the length of time they have been in business. Should they have been in business for any short time, then they probably are not aware of what they are doing. Selling and buying gold is a highly unregulated business. You don't need a license to hang an indication up or put up a website claiming that you're a gold buying expert. Thus this industry has experts and shysters so you must know who you are working with.
Question 3: Question them what associations they belong to because this will allow you to check them out and see if they are respected of their industry or have angry clients. Be sure to research the BBB and find out if there are any claims or complaints against them. In the event you call them and you get a customer service rep, this doesn't make them a reputable company. Case a ploy used to appear like a big company. You are able to hire a call center to perform any number of things for you personally. Call center employees get scripts, not lessons in gold purchasing.
Question 4: Inquire further if they will buy the whole collection. Don't ship your valuables unless they are willing to buy everything. Many dealers prefer to pick and choose and this leaves you needing to run around finding a buyer which will buy the rest of your gold. Keep these things buy the whole thing from you up front.
Questions 5: For those who have gold coins, ask the customer how much experience she has with coins. Could they be a member of the ANA? Have they got certifications from the ANA in coin grading and counterfeit detection? If you are selling gold coins you need a specialist not a pawn shop owner, a jewelry store clerk or online gold buyer. Gold coins can have a stronger collector's value and must be looked at and graded along with appraised.