Why sell your gold to a gold refining company – Advantages of Selling Gold to Refining Company

by Kumar Kr Consultant

Among numbers of choices available to sell gold, why is the point selling gold to refining company stressed?

 

Before we get to understand the advantages and benefits of selling gold to refining company, it is imperative to know about the refiners or refining company.

 

The gold refining company doesn’t just refine or process the gold, but they also manufacture many types of metals like silver, platinum, brass and many more. Apart from buying gold from the public or the individual seller, the refining company also buys from the enterprises

 

The refining company purchase, recycle and refine the scrap metals like gold, silver, rhodium, platinum and palladium from industrial scrap accounts.

 

But with the increased popularity of selling gold to refining company and hike in price, in recent days, public or individual sellers have emerged in huge numbers to sell the gold to refining company.

The public is in fact emptying their jewelry box to sell unwanted jewelries, especially when the price of scrap gold is on an increasing pace.

As the fact, the refining companies were ignoring public sellers to sell scrap gold. This is because, the amount what an individual sell is very less according to the refining standards of scrap gold.

As a result of encouraging individual sellers to sell their gold to refining company, the public was encouraged and welcomed through some special business strategies like “We Buy gold”. The refining company fixes a reasonable price for the gold, however, most of the company offer only a small percentage for the gold value.

How do You Get Benefited by Selling Gold to Refine Company?

Company with the gold refining capabilities will get into the market through “We Buy Gold” business.

This majorly benefit the individual willing to sell gold in enormous ways, as refining company pay significantly more than any other sources for the scrap gold, to say you get the “lion’s share” of the total gold value.

 This is absolutely a unique opportunity for the buyers to sell scrap gold at a higher price than selling to jewelers or pawn shops.

Besides the higher price criteria, an other important element that makes it beneficial selling to the refining company is, perfect scaling of gold. They measure scrap gold precisely, ensuing the exact value of the gold. Moreover, if your gold is pure with high karat range, then you can expect to get higher value and more prices.

To make selling gold to refining company easier, today, almost every refinery opened its door to the public, through popular social media like:

·         Facebook

·         Google Plus

·         Twitter

·         Linkedin and more

As the price of gold is increasing gradually over the days, it is obvious among the public to invest in gold and sell when the value is higher.

Although there are many options to sell gold like gold scrap buyers, pawn shops, online collectors and many others, eventually your gold ends up at the refinery. Although many buyers tend to give higher prices for scrap gold jewelry, then offer only a smaller percentage than what it actually worth, as they are not refiners.

They in turn try to sell your gold to the refiners to make more money than what they offered you and make a huge profit. They in fact make the deal more commercial.

Thus keeping these elements into your consideration, selling your scrap gold to the refiners is highly beneficial than selling it to the jewelers or pawn shops. 

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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