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Quick Tips: Getting Cash for Your Gold Bling

August 5, 2009 by Administrator · Leave a Comment 

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Cash for gold isn’t just a hot trend in San Diego. Shoppers around the country have been trading in their gold bling for quick cash. In an article recently published by The Denver Post, the newspaper lists the following tips for when selling your gold jewelry:

—Unless the piece is of a high-quality maker, such as Cartier or Tiffany’s, you’re looking at scrap gold pricing. Forget what you paid for it.

—Remove gemstones from your gold jewelry unless they’re too small to sell separately.

—Know the price of gold the day you’re going out to sell. The New York gold markets close at 1 p.m. Pacific time, so sell your gold in the afternoon.

—Weigh your gold jewelry in bulk. Keep similar karat gold together. You might get a better price.

—Do the gold math. Know the 100 percent value to see if offers are fair to you.

—Get gold buying offers from several stores, whether jewelry or pawn shops.

—Avoid online gold buyers. Unless you’re selling in high volumes, you’ll not likely get a better price.

—Never let strangers view gold jewelry at your home. Consider a bank and safety deposit box for security.

—Walk away if you don’t like the gold buyer’s offer. Gold is constantly on the move.

Investigating Gold Buyers

May 30, 2009 by Administrator · Leave a Comment 

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San Diego’s most watched news station, KUSI News, has released a special consumer report on selling gold in San Diego County. Conducted by former CNN reporter Sasha Foo, the report reveals that there are both good and questionable gold buyers operating in San Diego.

The special report is titled “Selling your gold? Don’t get scammed!” and includes an interview with Sheryl Bilbry, a staff member of San Diego’s Better Business Bureau (BBB). She tells Sasha Foo that San Diegans need to be smart when selecting a gold buyer for their gold jewelry, since some gold buyers may have file folders full of customer complaints. Cash4Gold, for example, has earned itself a D- minus grade from the BBB.

Bilbry explains that Cash4Gold customers have complained that their gold never got to the company; that they were told that within 10 days they could get their gold back, but then Cash4Gold wouldn’t return it; and that Cash4Gold didn’t pay them as much money as they said they would for their gold. Bilbry adds that citizens can get cash for their gold jewelry in San Diego by “credible” companies. They just need to investigate who they are.

Selling used gold jewelry, gold bullion coins, and other gold objects has become a big business during the past year due to the recession. But Sasha Foo warns San Diegans not to let that “stampede for cash turn into fool’s gold.” To illustrate how “legitimate” gold buyers operate in San Diego, Ms. Foo interviews Carl Blackburn, the founder and co-owner of San Diego Jewelry Buyers (SDJB) and a jewelry industry veteran.

Blackburn explains to Foo how trustworthy gold buyers go about buying used gold rings, gold chains, and other gold jewelry, demonstrating how gold purity and weight is tested. He advises San Diegans to shy away from any gold buyer who guarantees they will beat the price of any other gold buyer, as well as anyone who does not make the customer feel totally comfortable with selling their gold. Blackburn also says that a “red flag” is when a customer calls a San Diego gold buyer for today’s gold price and the buyer doesn’t want give out the information.

SDJB’s website SanDiegoJewelryBuyers.com is filled with articles and tips that can help San Diegans make better selling decisions when selling their gold, diamonds, and fine watches.

To watch KUSI’s full special report on San Diego gold buyers, please go to: Selling Your Gold? Don’t Get Scammed!

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