| The recession was a big eye-opener for a lot of | | | | send in, weigh it, and then mail you a check for the fair |
| people. The old habits of "buy now, pay later" don't | | | | market value of the gold at the time they received it. |
| work anymore due to a tightened credit market, | | | | Almost all of these online companies will pay more for |
| increased consumer uncertainty, and a lack of funds | | | | your gold scrap than your local pawn shop or |
| flowing freely into our collective bank accounts. In fact, | | | | jewellery store, and aside from providing your address, |
| in Canada alone, the national debt is rising by $183 a | | | | there is very little effort on your part. |
| second (in the USA the figure is even more staggering | | | | The companies will mail you a prepaid and fully insured |
| at an unbelievable $55,440!). | | | | envelope that you place your gold scrap in. It could be |
| This is why many people are trying to find creative | | | | a chain, necklace, ring, bracelet, or anything else that's |
| and low-cost ways to generate some extra money, | | | | made up of a precious metal. You then put the |
| be it to pay down bills or to simply go out for a nice | | | | envelope back in the mail and wait for your check. It |
| night on the town. Selling gold scrap is one great way | | | | really is just that simple. |
| to generate a quick cash infusion, and thanks to the | | | | Now, understand that a company is going to pay you |
| wonders of the internet, it's about as low-effort as it | | | | based on the value of the gold/silver that you sent in. |
| gets. | | | | As a result, you are not compensated based on the |
| The Three W's About Selling Gold Scrap: Who, What, | | | | perceived value of the jewellery. If you're |
| and More Importantly, Why. | | | | contemplating sending in your old wedding ring, or |
| Companies, both domestic and international, are taking | | | | anything that has any kind of sentimental value, keep |
| advantage of the increased value for precious metals | | | | that fact in mind. |
| (primarily gold and silver) and the low-overhead | | | | Selling Gold Scrap is Not a Long-Term Solution |
| offered by an online business. The result? Two big | | | | Unless you have tons of gold/silver scrap jewellery |
| advantages that make selling gold scrap as easy as a | | | | that you don't mind parting with, selling your scrap gold |
| few clicks. | | | | silver is usually a one time situation. However, you can |
| These companies usually operate foundries, where | | | | send in as much scrap jewellery as you'd like! |
| they will melt down any of the gold/silver that you | | | | |