Where Can I Sell Scrap Gold?

Video Transcript

"Gold is the oldest form of money in the world, and it has gone up dramatically in value over the last several years. Many Americans realize that cost of gold has gone up, at the same time that cost of living have gone up, and various financial crisis have occurred. If you have gold in your household, and you're looking to sell it, there are many places that you can do so, some better than others. For instance, if you have a significant high level of gold that's investment quality, you can get a hold of a bullion dealer. And you can locate those on the Internet as well. You can also go to a top line jewelry store that has a secondary line of selling jewelry, and will buy your gold at a agreed price. And the price of gold is declared on the stock market by the ounce everyday on television. CNBC is one of the best places to look for that information. I would avoid pawn shops because of the nature of where you're at with that, and I would also avoid these television commercials that tell you to send in the gold and they'll send you the money later. There's a Latin term for that, which means caveat emptor, buyer be ware. So make sure you deal with reputable authorities that will be able to give you top dollar for your excess gold. This is financial adviser, Patrick Munro."