As the price of gold is soaring high and reaching never before imagined price levels ( its nearing the $1300 per ounce mark ), many people are considering digging into old jewelry boxes and cash in on them through companies that deal in scrap gold.
According to industry experts, it is not a bad idea . But they advice that sellers do their homework so as to not get cheated by the dealers.
Gatewest Coin Ltd, a Winnipeg based firm buys gold from dealers and individuals, and is seeing significantly more interest from sellers now than in the years before gold prices rose up. Experts also say that it is the best time to sell gold. If you are buying , you should be up front about the per-gram rate you want. In case you are selling, look around and ask any questions that you have like whether the business is licensed or not. Also get a receipt for your transaction. If you are in Canada, JVC ( an industry-funded initiative for jewelers in order to promote fair business ) runs a phone line, 1-800-636-9536, where customers can call to inquire about complaints about different jewelry businesses.







































































