INSTANT SURVIVAL TIP: Cash From Gold

Did you know that one of the latest trends in home parties is a Gold Party?  Get this. You invite your girlfriends over for a night of socializing and making money.  Everyone brings unwanted gold jewelry and gold coins, and a ”certified technician” assesses everyone’s gold and pays out cash on the spot.  There are similar TV commercials that make some pretty impressive claims of the cash they’ll pay for your unwanted gold.  What will they think of next?

These new trends may not be the best deal, though, if you’re looking to sell your gold.  Apparently, it pays to shop around.  A recent news program did an investigation, and here’s what they found.  Using three identical gold rings appraised at $56 in gold value, they took one to a local gold dealership, one to a local pawn shop, and the third was sent to one of the mail-in companies.  The pawn shop paid $53.  The gold dealership paid $37.  And the famous mail-in company? A mere $8.27.

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