Wednesday, March 31, 2010

Sell gold small amount, great price

Many gold buyers don't treat people with small amounts of gold fairly. We advertise our price and we honor it for even very small amounts of gold. Today an older lady from Detroit came to Max Your Gold. She didn't have very much gold. After we tested it and weighed it we asked her to guess how much we would pay her. Maybe she had been treated poorly somewhere else. Her first guess was $15 dollars. It took about six guesses before she even came close to what we offered her. When we told her $272 dollars she said "God Bless you!". We could have easily told her a smaller amount. I'm sure a lot of gold buyers do just that. I would rather hear God Bless You from a customer than treat people unfairly.

Thanks for reading.
Management
Max Your Gold

Best recommendation for Selling Gold

People in the business of buying gold of course know the best place to sell your gold. The problem is they won't tell you. At Max Your Gold we have had more than a few people sell us their gold who have been recommended by employees of other buyers. These people are almost always directly related to the person working at one of our competitors. The best possible recommendation for Max Your Gold are our customers who happen to be related to the employees of our competition.

Max Your Gold the smart place to sell your gold.

Wednesday, March 24, 2010

Best price for gold jewelry

In a recent Ruth to the Rescue report "How to Sell Your Gold" Max your gold offered the most for gold. Five metro detroit buyers were tested undercover. They all claimed to pay the most but Max Your Gold paid the most by far.

The point is that an advertisement can say anything. Max Your gold advertises the price we pay per gram for 14 karat gold on radio and on the web. We are proud of the price pay. Today we had a customer come in, Chuck from Oak Park. He had found a merchant who advertised on the web they were paying a slightly higher price than us. When he went there they wouldn't honor the price. They wouldn't let Chuck watch the testing and weighing of the jewelry. Does that seem like the right way to treat a customer?

Max Your gold pays the most in Michigan. We are happy to let you watch the testing and weighing of your merchandise.

The more you know the better we like it.

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Tuesday, March 23, 2010

How to sell your gold jewelry

If you are thinking of selling your gold jewelry you have lots of choices. There is a huge difference in what different buyers pay. Be a smart seller.

First your need to know a few terms.
Karat is the purity of the gold. 24 karat is pure gold. So 14 karat is 58.33% pure.
Gram is a familiar metric weight that is often used to price gold jewelry.
Troy ounce is 31.08 grams and is used for pricing gold bullion (bars and coins).
Penny weight is 1/20 of a troy ounce.

Comparing the price that different buyers pay can be difficult.
Many buyers won't tell you what they pay. They say they have to see the item. If they are keeping the price they pay secret do you think they are paying a good price??

How are prices quoted? Because many pieces of jewelry are very light the price is usually quoted in dollars per gram and karat. For example a jewelry store might quote $12 per gram for 14 karat gold. There will be a different price for 10 and 18 karat proportional to the 14 karat price.

Some buyers will quote penny weights. This is usually done to confuse the seller. The penny weight price will sound like more. For example $16 per penny weight for fourteen karat sounds like more than$12 per gram for 14 karat but it is actually quite a bit less. Actually $18.64 per penny weight for 14 karat is the same as $12 per gram for 14 karat. Be very careful of buyers quoting in penny weights.

Buyers should be very open about testing and weighing your jewelry. You should be able to watch the process and ask questions. This is of course a problem for the mail buyers. Mailing is a risky business. Would you send money in the mail? When you mail you lose control of the transaction. One person we talked to didn't like the amount she was sent and canceled the transaction. Then she didn't get everything back.

Once you understand the numbers shop by phone.

If you follow these simple steps you will be able to max your gold!

P.S. Max Your Gold is currently paying $16.50 per gram for 14 karat gold