Gold Stash for Cash

You should get roughly $17 per oz (their ounces, not the standard ounce) I took mine to a local jeweler, it was quick n easy. I went to three different stores; 1 quoted $15 and the other two $17. I personally wouldn't send my things anywhere.

The price of gold is rising, while the value of the dollar is falling. It's probably smartest to keep your gold and not cash it in.

S., most of the companies like Cash for Gold and the one you mentioned pay VERY VERY low percentages.

You need to look at the price per pennyweight (20 pennyweights in a troy ounce which is how metals are weighed) to see how much they are paying and compare it to the gold spot before you send them your gold.

Refined gold is selling for about $1090 per ounce right now (a gold coin, or clean nugget). I assume Whizzy is talking about the pennyweight and not the price per troy ounce, since most people won't tell you this (that way it's more difficult to know how much they are ripping you off if you don't know how to convert PW to ounces.), but that's only paying you $340 an ounce, less than one third of what the gold is worth.

Pawn shops and the companies you see advertised on TV are all paying pretty close to the same. You probably will find from $13- <$20 a pennyweight. I consider that to be highway robbery.

Keep your gold! They might try to tell you it's only scrap and not worth having but that's just a load of baloney. Hold onto your "scrap," it's worth more than they want you to think.

I've often wondered about this too. I would be afraid to send something like that off in the mail.
I think we're better off keeping our gold for now unless you get desperate for the money. The price of gold is going up.

If you really want to sell it, I would find someone reputable locally that you can deal with.

Hi S., I have heard some of the companies are less than legit. There is one local man (I am in Olathe) that has a great reputation for giving you what your old jewelry is worth. He is actually going to be at a garage sale my MOPS group is having on April 10th at Indian Creek Community Church providing his servies. I don't know if this works for you, but he has bought from members of my group and they have been so happy with it they asked him to come. Good luck.

I have heard you get riped off.

Call Rebecca Rose at KC Gold Investors, ###-###-####. She is located in a bank building at Johnson Dr. and Monrovia in Lenexa. She is very professional and fair. I think she'll even do "gold" parties where you invite friends over and she'll tell you the value and buy that evening if you want. Good Luck!

They had a segment regarding these things on TV just recently. I was only half listening b/c it was just confirming what I already felt would happen: companies give you this "guarantee" but melt the gold before giving you the money. You argue that it's not a fair price compared to current market value, but the jewelry is already gone. A few reports were made on "lost" checks. I would steer very clear of them! The only thing I think it could be good for would be for STOLEN items! If it was legally obtained jewelry, the customers would demand more money than they're given. Just my 2 cents...

I know a couple of people who work for the gold buying companies. It is truly legit and they give you fair market value for your gold. If you need extra cash, it's a great way to get it.