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Where is the best place for cashing in gold?

Updated: 9/25/2023
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LoriEdmundsgp8023

Lvl 1
9y ago

Best Answer

My personal opinion, a safe in your house bolted into the floor. You can also get a safe deposit box in a bank, however, if a major event ever happens and the banks close, you will not be able to get to it.

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Wiki User

9y ago
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Wiki User

9y ago

Investors in gold need to be careful when they decide to sell. There are numerous companies that will buy gold but the price offered can vary significantly. Gold sellers are well advised to shop around for the best price and also check out the reputation of the company offering to buy gold. Local pawn and coin shops are preferred by many sellers since the cash for gold is received immediately. Selling to an online dealer can involve more risk and the seller has to wait for his cash until the dealer receives the gold and sends out a check.

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