How to Sell Gold Bullion in California
California has always been an excellent place to sell your gold bullion. Between the Jewelry Mart in Los Angles and the Financial District in San Francisco--and everything in between--there's no shortage of buyers for gold bullion in California.Because the purity of each bar of bullion is guaranteed by the mint that forged it, gold bullion is one of the easiest forms of gold to sell here in California.
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Instructions
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How to sell Gold Bullion in California
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Determine how much gold you want to sell. Almost all gold bullion is 24 karat (pure) gold. The karat and the weight of each bullion bar is stamped on it by the foundry which minted it, making it very easy to determine just how much pure gold you actually have.
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2
Go on-line and find out how much spot gold is selling for today on the open market. Sites such as http://www.kitco.com/market/ and http://www.goldprice.org/ will give you the most up-to-the-minute price for gold. Multiply the number of ounces of pure gold you want to sell by the current price to get a good approximation of how much your hoard is worth.
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3
Call or visit as many local gold bullion companies, coin dealers and jewelry stores as you can. Since the price of gold is constantly changing any price one buyer gives you won't be directly comparable with the price from another buyer. The only way to accurately compare gold prices is to find out how much of the spot price each buyer is willing to pay for your bullion. The buyer who is willing to pay closest to the current spot price is the one who will give you the most. Competition at the Los Angeles Jewelry Mart in downtown Los Angeles keeps prices high in this location and if you are in the area, Jewelry Mart, with its 13 floors of jewelers and gold buyers is a fascinating place to visit.
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Check gold prices on Ebay and other on-line auctions. Often buyers on Ebay are willing to pay more than local buyers for bullion.
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Compare all of the prices offered locally with the prices offered on Ebay. Choose the buyer who is offering the least discount off the price of spot gold.
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Tips & Warnings
Gold Parties are all the rage at the moment and may seem like a fun way to sell your gold bullion, but you would do much better following the advice in this article and sell your gold elsewhere.
Never invite a private buyer to your home to buy or sell gold. Conduct your business at your local bank, and never, under any circumstances, accept any form of check in payment for your gold from a private party. Even cashier's checks and certified checks can be easily forged.
