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Gold buyers buy gold from the public and resell it to refineries. Additionally, they can resell nice items back to the public.

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Q: What do buyers do with scrap gold?
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Where can someone locate scrap gold buyers for their unwanted gold?

There are a large variety of places where someone can locate scrap gold buyers for their unwanted gold. These places include, but are not limited to, advertisement in the local newspaper and on the television.


What is UK price for scrap gold?

Price of scrap gold is closely tied to gold prices. Some scrap gold buyers offer daily fixed rates or real time.


How do you find scrap gold buyers?

Finding the best scrap gold buyer is not easy. The company I work for is called Metallix Direct Gold. We are a we buy gold company but we offer the highest price for your scrap gold. Most scrap gold buyers have a middleman within the process who buys the gold for a low price from you, and sells it to the refinery for a high price. With us there is no middleman because we are the refinery. This means you will get the most money for your gold because it is going directly to the refinery. Our website has a gold calculator which will give you an estimate on how much you will get for your scrap gold. We also have daily updated price charts according to the London Fix.


Are there any reliable places on the internet that buy scrap gold that also give fair prices?

There are many reputable online scrap gold buyers. Cash4Gold.com is one such website.


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Do people who sell scrap gold need to check with different buyers to get a better price?

Yes, if you were going to sell scrap gold to a gold buying company, you should compare the rates offered and read reviews. Better prices can be found at most jewelry stores, and they have a better reputation.


Where do companies like Cash for Gold take their gold and make a profit out of it?

These companies are buying gold at a much lower cost per gram than the current gold scrap price. It is easy to sell gold at scrap - major wholesale gold buyers can be found with a little research on the internet. Some of the pieces they are buying at low scrap prices can be sold as quality jewellery - they do not distinguish between the two when paying their low prices.


Where can I check on the current price per oz. before I sell scrap gold?

There are a number of websites that give real-time gold prices. The most popular are Yahoo Finance, goldprices.org, and kitco.com. Scrap gold buyers rarely pay anywhere near the wholesale price of gold quoted in the financial markets, however.


Where can one sell old dental gold?

There are a couple of places that will trade you for your old dental gold and give you cash in return. Some of those places include US Gold Buyers, and We Buy Dental Scrap.


How do you avoid scam when you sell scrap gold?

Well, send 3 pieces of gold to 3 different companies CashMyGold, Postal Gold, Money4Gold and Cash4Gold. You get quite unusual results. CashMyGold offered £38.57 for the gold I bought for £729, Money4Gold gave me the notice that 9ct gold I just bought is not gold and it cost £10.95 to send it back! Money you get from scrap gold buyers who advertize on TV and in high-class magazines is lower and lower just because it is YOU who have to pay for their advertizing. The market is developing all the time. The price for gold changes and you have to keep a record about it. Scrap Gold Buyers (http://www.scrap-gold-buyers.co.uk ) is one of the companies that deserve attention after checking up by time.


Gold Jewelry Buyers Pay Cash?

Gold jewelry buyers pay cash for unwanted, old or broken gold jewelry. This is sometimes called scrap gold, and there are many scrap gold buyers in neighborhoods and online. The price is pegged to the daily spot gold prices, minus a discount for the dealer. Sellers need to know that the gold jewelry buyers must resell the gold and make a profit, so they cannot offer the full daily price on the market that day for gold. However, if the seller has old, broken jewelry just lying around collecting dust, it is better to sell that scrap gold off for some real cash money. To sell scrap gold, first it is necessary to find a buyer of gold jewelry. There are many places to try, even right in the neighborhood. The local pawn shop often will purchase gold and silver in any form. They will offer a discounted price because even if the jewelry is good and they try to resell it, the jewelry may sit around for a long time before they get their money back and make a profit. There may also be some individual stores that are not pawn shops but only buy and sell scrap metal. Other buyers of gold are all over the Internet. The way these buyers work is that the seller requests a sell my gold package. The buyer will mail out a return envelope to the seller. The seller then puts whatever old gold jewelry they want to sell inside the return bag, seals it up and mails the package back to the buyer. The buyer will weigh the gold, calculate actual gold content and offer the seller a price. At this point, the seller has the option to have the items returned or to sell them at that price. If they decide to sell to the buyer, the buyer will immediately mail them a check for the agreed upon amount. Selling gold jewelry is a good thing because something unused and unwanted is converted into usable cash for the seller. It is a good way to dig up some extra income around the house.


Who do gold buyers sell to?

Real gold buyers sell to precious metal refineries--not other gold buyers. Some resell nice items back to the public.