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Sell Gold Jewelry For More Cash

By Alan Liddy

Avoiding the gold party scam should be your top goal if you are going to get the most cash when selling gold jewelry. These popular gold parties do present a method for selling your gold to get some needed extra money in your pocket, but are they the best way to sell your unwanted jewelry? But how do the really work.

So how do these gold parties really work and is there really a scam here? The truth may get under your skin.

These gold parties get their start when you get invited to someones home for a dinner party. You will find friends and family there just like any get-together. The friend that invited you will also invite someone from a gold party company there to make you an offer for any gold jewelry that you are wanting to sell.

The gold party representative will examine your gold to determine how much value that it has. And then they will make you an offer, usually a check on the spot. Don’t feel pressured to accept their offer. You can turn it down or accept the offer, no obligations. Couldn’t be simpler, right? But lets peel back the layers of what is really going on.

So where is the gold party scam?

So who is making the most money off of your gold? In the average gold party, everybody seems to be taking a cut out of your profits. In a typical party the representative will pay out about $3000 to the guests. That’s for an average of about 10 people attending the party. The host usually takes a percentage of the total payout, usually about ten percent. That’s pretty lucrative for the host, huh? The more people they invite, the more money they make. Yep, it’s as simple as that.

So now what happens when the party is over? Where does all of that gold go? The gold party representative sends all of that gold to the company. The company then ships the gold to a refinery to have it melted.

The party company then sends a check back to the representative because that person has written checks out of a personal account. It seems that everyone in the process is taking a cut out of your potential profits all along the way. That is the secret behind the gold party scam.

Alan Liddy offers a better look at the gold buying and selling industry. See more articles from Alan at Ezinearticles.com

categories: cash for gold,selling gold jewelry,gold,jewelry,finance,make money

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Article Citation
MLA Style Citation:
Liddy, Alan "Sell Gold Jewelry For More Cash." Sell Gold Jewelry For More Cash. 20 Jun. 2010. uberarticles.com. 3 Oct 2014 <http://uberarticles.com/finance/selling-your-gold-jewelry-its-easy/>.

APA Style Citation:
Liddy, A (2010, June 20). Sell Gold Jewelry For More Cash. Retrieved October 3, 2014, from http://uberarticles.com/finance/selling-your-gold-jewelry-its-easy/

Chicago Style Citation:
Liddy, Alan "Sell Gold Jewelry For More Cash" uberarticles.com. http://uberarticles.com/finance/selling-your-gold-jewelry-its-easy/


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