Buy Gold - Sell Gold

If you have gold, silver or platinum that you are considering selling beware there are a number of very unscrupulous "we buy gold" places. If you are looking to sell gold there are a few basic tricks to be aware of when you are looking for the best place to sell your gold.
Weighing your gold without sorting it to karat value is one of the biggest, always insist that gold is separated by karat weight. 18K gold is worth nearly double what 10K gold is worth.
Not showing you the actual scale weight of your gold or excessive deductions for gems.
Weighing gold in penny weight and paying in gram weight
Buy Gold stores that spend excessively as the place to "Sell Gold"

Before you set out to sell gold you should do a little leg work from home by understanding the current gold & silver prices and how they relate to your gold and silver. No, you won’t get anyone to buy gold for these prices but you will be able to make informed decisions when you are ready to sell. The best sources for this are right on the internet, just do a search for current US gold prices. One of the best sources is kitco.com you won’t get all the pop up ads and in your face we buy gold ads that can also in some extreme cases, harm your computer. Note that market prices are quoted in Troy Ounces which are heavier than a traditional ounce you find in the grocery store. There are 20 penny weights to an ounce or 31.1 grams to an ounce.

Understand Your Gold - Before you sell gold it is important to understand what you are selling! You should know before you go to a buy gold place what karat weight gold you have to ensure you get the highest price for gold.
Separate and Sort Your Gold by karat - One of the best ways to get the best price is separating the gold you want to sell before you go to a store to sell!
Get Appraisals - If you are not sure about the value of precious gems in your gold, such as diamonds, emeralds or rubies before you sell gold take it to an appraiser or go to a jewelry consignment store and see what they feel it is worth, they may even buy gold from you.   
Understand the process - It is important to understand the process when you sell gold. Very few places that buy gold can process the gold, so it is taken to a smelter who gets a fee for melting it and separating out the impurities these fees can run from 3% to as much as 15% and that is on top of the profits the gold buyer is making which can be as much as 50% from some buy gold shops.
Don't be afraid to shop - If you feel like you're being pressured in to making a decision or being rushed through the process do not hesitate to shop around. Buy gold prices can vary by as much as 75% depending on where you sell gold.
Consider Consignment - You may not get immediate cash for gold, but you will get the most money selling jewelry on consignment. Look at our links page for where to sell gold  and where to take consignment jewelry.