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Help!! Advice on gold

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homemommy
User ID: 809529

United States
11/3/2009 12:49 PM
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Help!! Advice on gold	Quote
I need some cash and have some gold jewelry. When gold was $990 oz, i was offered $745. Should I sell now? BTW i'm a first time poster and just love this website. I come here everyday. Thanks

GlassPearls Subscriber

GlassPearls
User ID: 613866

United States
11/3/2009 12:52 PM

Re: Help!! Advice on gold

Quote

I need some cash and have some gold jewelry. When gold was $990 oz, i was offered $745. Should I sell now? BTW i'm a first time poster and just love this website. I come here everyday. Thanks

Quoting: homemommy

Only as a last resort and shop around for the best price. Those Cash4Gold and like programs are all scams. One bragged they were affiliated with the U.S. gov't.

Last Edited by GlassPearls on 11/3/2009 at 12:52 PM

Anonymous Coward
User ID: 743646

United States
11/3/2009 12:55 PM

Re: Help!! Advice on gold	Quote
I need some cash and have some gold jewelry. When gold was $990 oz, i was offered $745. Should I sell now? BTW i'm a first time poster and just love this website. I come here everyday. Thanks Quoting: homemommy Who offered that amount? I thought those cash4gold only offered around 20%-40%?

TorontonianGuy
User ID: 803476

Canada
11/3/2009 12:56 PM

Re: Help!! Advice on gold	Quote
I've bought gold from Craigslist .. you might try that

Avian

Got Gold?
User ID: 801787

United States
11/3/2009 12:56 PM

Re: Help!! Advice on gold	Quote
why would you sell Appreciating gold for Depreciating dollars? always the other way around if you are not desperate for the money keep it sista fight my brute phucktards [link to ack12345.mybrute.com] [link to the-rabbits-hole.com]

homemommy
User ID: 809529

United States
11/3/2009 1:40 PM

Re: Help!! Advice on gold

Quote

why would you sell Appreciating gold for Depreciating dollars?

always the other way around if you are not desperate for the money

keep it sista

Quoting: Avian

I am really torn about it. I do need the money as I'm stocking up on stuff. My question is: If gold goes crazy high that would mean the dollar is bust. So how would I make money on selling some old gold jewerly when the SHTF? What would they pay me with? The place I went to is a local shop in town that does nothing but buy gold. They offer the most. Is it not better to get something for it now?

Anonymous Coward
User ID: 413833

United States
11/3/2009 1:51 PM

Re: Help!! Advice on gold

Quote

why would you sell Appreciating gold for Depreciating dollars?

always the other way around if you are not desperate for the money

keep it sista

I am really torn about it. I do need the money as I'm stocking up on stuff. My question is: If gold goes crazy high that would mean the dollar is bust. So how would I make money on selling some old gold jewerly when the SHTF? What would they pay me with? The place I went to is a local shop in town that does nothing but buy gold. They offer the most. Is it not better to get something for it now?

Quoting: homemommy

I've always been told you should get supplies BEFORE buying PM's. In this case, sounds you're talking gold jewelery. I'd say off load it for the best price you can get to buy supplies (food, water, guns or ammo). $700.00 could go a long way towards preps especially if you go to a store that sells food items in bulk (like those that cater to restaurants or bakeries) Of course you have to have a plan for long term storage.

Chiox
User ID: 688004

United States
11/3/2009 2:20 PM

Re: Help!! Advice on gold

Quote

Go to 2 or 3 different stores who buys gold to compare method of gold weighting and price offered.

A good reputable store will separate the pieces based on gold content:
10%, 14%, 18% or 24%. Then it's weight according to the percentage of gold content, then priced at the current market value of the day.

Take someone with you who doesn't take B.S. from people and for security.

[link to goldnews.bullionvault.com]

Good luck

all2human
User ID: 787809

United States
11/3/2009 2:31 PM

Re: Help!! Advice on gold	Quote
why would you sell Appreciating gold for Depreciating dollars? always the other way around if you are not desperate for the money keep it sista Quoting: Avian For the reason they said, because they need the money!

all2human
User ID: 787809

United States
11/3/2009 2:37 PM

Re: Help!! Advice on gold

Quote

Quoting: Chiox

Do you mean Karat? Because there is no such thing as 14% gold. Karat represents parts in 24 so 24 Karat is more or less 100% gold .9999. Here is chart comparing Karat with percentage of gold content.

9 kt 37.50%
10 kt 41.67%
12 kt 50%
14 kt 58.33%
18 kt 75%
22 kt 91.67%
24 kt 99.99%

Not sure how well that will line up on a message board but important all the same. The last thing we want is some one being misled by a unscrupulous buyer that their gold is only 14% pure.

Anonymous Coward
User ID: 795619

United States
11/3/2009 3:33 PM

Re: Help!! Advice on gold	Quote
go to [link to www.moneyteachers.org] All your questions will be answered.

Anonymous Coward
User ID: 809529 (OP)

United States
11/3/2009 3:38 PM

Re: Help!! Advice on gold	Quote
go to [link to www.moneyteachers.org] All your questions will be answered. Quoting: Anonymous Coward 795619 link dosen't work. Can anyone give a guess on what happens when the SHTF? If I hold on to my gold jewelry til then, what will I get for it?

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