Getting Cash For Your Old Gold

By Author: Michel Ben
Total Articles: 119
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In these tough financial times we find ourselves in it seems everyone is attempting to find a way to make some extra money. Whether it is a second job, garage sale, or simply cutting back on those little extras that you have come to enjoy over time. However most people miss out on money that is sitting idle in a jewelry drawer somewhere and that money is gold. Getting cash for gold can somehow seem a daunting task. In this article we will help you understand the why and even the how you should get cash for gold.

The first question most people ask is why is gold getting so much money currently? The reason is that the Canadian dollar fluctuates on its value where as gold retains its value over time. What this means is that if we look at a chart of the value of gold against the Canadian dollar we will see that the dollar loses value and as such that gold's value then increases. This has just accelerated recently due to the recession that started in America and has spread to all the countries around the world including our Canada and makes getting cash for gold an attractive income source. A simple tenth of an ounce of gold ...
... necklace that cost maybe $10 CDN in 1970 can now be worth 10 times that!

So the next question is exactly how do I get cash for gold? The first option that is available is the pawn shop around the corner. The advantages of this are that they are local and you will get cash for gold immediately. However when you are getting cash for gold you have to be smarter than that as pawn shops won't get you the actual trade price for gold. They look at either the artistic value of the gold, or how easy it will be to resell, or they try to undercut you greatly to maximize their profit.

Your better option when getting cash for gold is a reputable company on the internet. One of the best today is Dollars4gold.ca. They have over 35 years in business and are a direct refinery, not a middleman. They make getting cash for gold the easiest with their prepaid insured envelopes and easy payment options.

So stop waiting and turn that old broken gold into some much needed cash. Gold is at the highest levels ever, now is the time to get cash for gold!

Peter Jones writes reviews on cash for gold. For more information on cash for gold;please visit dollars4gold.ca.