Are Online Merchants Really Trusted Gold Buyers?

by | Jun 10, 2014 | business services

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If you have some gold items you would like to sell, there certainly is no shortage of businesses that claim to be Trusted Gold Buyers. But since there are no credentials involved, anyone can give themselves the title, making it difficult to decipher which ones really are able to be trusted.

Beware of online scams

You’ve probably seen the online ads from various companies, all claiming to give the best price for your unwanted gold. Most of those places will offer a flat rate per gram of gold, which means they make more when the price of gold goes up, but you don’t. A reputable business, on the other hand, will make you an offer based on the going rate of gold that day. So selling to online gold buyers may seem convenient, but at what cost?

Work with an established company

It’s not always a guarantee that they are Trusted Gold Buyers, but a company that has been in business for a long time is probably still in business for a reason. A long standing business probably has an established customer base and many repeat customers. Talk to some people you know that have done business there and get their opinion. Nothing speaks louder than praise from a previous customer.

Keep it local

When you deal with a local business like Sam Light Loan Company, you can be sure that you are getting the best deal because they have remained in business for so many years by treating their customers honestly and fairly. Being able to do business face to face with someone can also go a long ways towards giving you the trust you need to hand over your precious gold items and know you are getting a fair price.

Consult multiple buyers

If you still have doubts about which establishment is best to do business with, pick out a couple and try getting quotes from more than one. Any reputable business that buys and sells gold will have no problem taking a little time to evaluate your gold and make you an offer. You can then decide which is best for you based on the price given and the way they do business.

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