When looking for the best selling gold jewelry tips, there are some things that you need to know about gold parties and how they function. Gold parties do offer a very good way for you to sell your jewelry for extra cash, but they are probably not your best choice to get the most money possible. If you are like everybody else in this crazy economy, you just need a simple way to help make ends meet.
How do gold parties work?
These gold parties get their start when you get invited to someones home for a dinner party. You will find friends and family there just like any get-together. The friend that invited you will also invite someone from a gold party company there to make you an offer for any gold jewelry that you are wanting to sell.
The gold party representative will examine your gold to determine how much value that it has. And then they will make you an offer, usually a check on the spot. Don’t feel pressured to accept their offer. You can turn it down or accept the offer, no obligations. Couldn’t be simpler, right? But lets peel back the layers of what is really going on.
So how am I getting scammed at this party? Sounds like a pretty reasonable and simple process, doesn’t it?
Okay, who is really making the most money in the transaction. It’s probably not you. Everybody in the process is cutting into your profits. If the total payout at the party is $5000, guess who gets a check for $500 dollars? The host does. That’s right, the host gets 10% of the total payout. That sounds like you didn’t get offered as much as you should because the host gets such a big cut. So it’s in the best interest for the host to invite the most people as possible.
So now what happens when the party is over? Where does all of that gold go? The gold party representative sends all of that gold to the company. The company then ships the gold to a refinery to have it melted.
The gold party company then sends a check to the gold representative, because he or she has paid the guests out of pocket. Everybody in the process is taking a cut of the profits all along the way. This is how you get caught in the gold party scam. Your profits are not maximized because every body’s pockets are getting lined with money that should be yours.
Sell Unwanted Gold to a refinery to get the most cash for your jewelry.
{ 0 comments… add one now }