Tuesday, June 14, 2011

Where to find scrap gold?

Scrap gold is any gold item regardless of size or functionality. Usually it is gold that for whatever reason is not being used any more. The only useful function left for the precious metal is to be melted down and remade into other gold objects.

After you have looked through your house and scoured the attic, where do you look next for some gold to add to your collection? Below are a few suggestions that may help you find some places to look for scrap gold and perhaps collect a little yourself.

The place you first notice gold in large amounts is probably the local jewellers. You could try asking if they had any scrap gold they would sell you. Unless you want to be disappointed it’s probably best not to this.

When you buy gold from jewellers you are usually paying for gold that has been worked. You are paying for the work to make the object, the gold itself and the mark-up made for selling the gold. This makes the price expensive and of little use as an investment.

A better idea is to try asking people. Be straight about what you want it for and  offer a price and see if it leads to a deal. You might be surprised at how many people are prepared to trade this way especially when prices of gold are currently running high.

Get advice from online forums, blog posts and search engines there is some great advice shared on this subject as well as some links to great deals available.

On the subject of online scrap gold dealing eBay can be a great place to buy scrap gold with new deals every day you can buy collections of scrap gold by Karat. Gold is an investment so a good price on gold today may go up a lot in value over a year.

Car boots, garage sales, jumble sales, antique fairs and markets can also be great sources. You just have to keep your eyes open and research your subject properly.
No one can predict the future accurately but buying gold at a good price will always be a good investment.

If you learn the fundamentals of buying scrap gold you will eventually gain enough knowledge to have an almost intuitive grasp of the subject. Just keep your eyes open and treasure will appear!

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