How to sell your gold with a gold party
Gold parties are very popular in America. Recently, we’ve noticed companies in the UK have started promoting the concept of holding a gold party. The media is full of companies encouraging you to cash in on your gold. A gold party is a fun way of doing just that.
But, what is a gold party?
Think of it as Tupperware party, only in reverse. A party host will invite their friends and neighbours around to their house, asking them to bring along any old, broken and unwanted items of jewellery for valuation. Also in attendance will be a jewellery appraiser who tests and values each item. If you’re happy with the price, you’re paid on-the-spot for your gold.
Sounds great? Well it can be but it is important to be aware of the possible pitfalls.
Seller beware, do your home work. See as many places as you can before you go to a gold party, have your gold sorted, and weighed before you go. Write down the prices you got from a jewelry store, and then if you get more at the gold party then sell your stash and get the cash! Only accept cash for your gold. If you take a cheque payment and then the cheque does not clear you may well find yourself with no gold and no profit either.
Research the company and if you are not sure about their reputation then research some more. Another problem encountered in America has been that of disreputable gold buyers using scales and even calculators that have been tampered with. The best way to avoid this is to use a reputable company that you trust and remember to keep your wits about you.
So, yes, the gold parties can be fun-- they're a great excuse to enjoy a few glasses of wine and socialize with your girlfriends -- but do your homework first so you don't get ripped off.
So have a look in those old jewellery boxes and fish out all those bits of gold you no longer wear, get your girlfriends to do the same and you are ready to organise a gold party.
Time to spare?
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