Currently, an ounce of gold can get you just under $2,000. Two pounds of gold could potentially bring over $50,000 into your bank account. The price of gold per ounce is about six hundred times more than it was twenty years ago. And nowadays, with the increase of technology, communication, and demand, you can easily get cash for gold.
If you’re looking to get cash for gold in your possession, the first thing to do is determine how much gold you have. You can use a formula to find the amount of gold content in a ring. This also requires knowing the karat number, which you can typically find on jewelry. You might consider getting your gold appraised as well, so you can be sure how much your gold is really worth.
When you’re ready to exchange your gold for cash, keep an eye on the value of gold. This number can fluctuate, and you’ll want to make sure you’re getting as much as you can for your gold. Once you’re satisfied with the price, you can turn to online jewelry and gold sites that will buy your gold. However, selling your gold online will likely mean you have to figure out a way to ship your gold and wait longer for your payment. You can avoid slow payments and the hassle of shipping by visiting a local pawnbroker.
If you’re looking for an easy way to get cash for gold, visit us at Carolina Silver & Gold for our quick service, extensive knowledge about gold, and additional pawn broker services.