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Seeing as how the economy is today many people are looking for alternative ways to make extra money. And one way that is gaining popularity quickly is selling gold for cash. People think that they can just take their old gold jewelry and turn it into a big pile of cash but unfortunately it is not that easy to get the actual value of your gold items or even close to retail value. Companies will either offer you much less than what your gold is really worth or just rip you off entirely but "losing your shipment". And that is just two quick examples, there are many more where they came from. If you want to learn how you can sell scrap gold safely to a real gold and reputable gold refiner keep on reading.

If you actually want to make some extra money using this method, there is some must know advice that will help you sell gold and avoid scam artists and rip offs. What you need to know to protect your gold investment and sell for top dollar is to thoroughly check out the dealers you will be dealing with.

One of the first things that you should check is to see how long the have been in the gold buying business. Anything under 5 years should be reason to check deeper. Check Google or some other search engine for information about the company and see if they have any complaints built about against them. A good place to check also is the Better Business Bureau's website where you can see their accreditation rating.

Next you want to see what their policy on selling and buying gold is. The best place to find this out on is their own website. While you're on there find out their physical address (make sure it's not just some P.O. box, if it is just forget them). If they are close to home go visit them in person.

Do they offer a telephone number to answer your questions? Give them a call and see how they treat their customers. Be careful not to give into any high pressure sales pitch before knowing what you will actually be getting for your gold. This is a good time to see what their first offer might be.

One of the most important things you have to know is what your gold is actually worth. The price changes every day so you will have to find a financial site that lists the current spot price of gold like CNN money. The formula for figuring out how much different karat's of gold is worth can be found all over the internet and there are even some calculator's available.

You need to know that you are not being obligated to take what any gold refiner or gold dealer offers you when you send in your gold. And be aware that you will be able to get it back if you're no agreeable to their price. Some companies do have deadlines though and after a certain date if you don't contact them they will smelt the scrap down anyway so always stay in touch with the company.

A great price, if you can get it, is any offer over 90% of the spot price of gold. But in reality, 80% or more is pretty good. If the company won't give you at least that, go with another refiner. There are many that will give you that much.

A good tip for avoiding con artists is making a point of avoiding gold refiners that don't own their own refinery. Not only is it a good way to avoid scammers, but you can also get a lot more cash for you gold this way. The alternative is selling to gold dealers which in turn sell to gold refiners but they have to turn a profit so you make less on your sale.

Finally, check and make sure that your gold is insured in route to the company. A legitimate company should provide this for you but if it doesn't cover the true value of your gold, just call them up and try to work out a deal.

If you follow these pointers in the selling of your scrap gold jewelry by dealing with reputable dealers and refiners, researching different companies, and accepting only the best offers, you should be well on your way to getting a nice lump sum of cash for your gold. It should also save you headaches in the future as well as lead you to making wise decisions.

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Jack runs a website where he shows people how to sell gold by selling all sorts of scrap gold. If you want to learn how to sell gold jewelry and many other useful tips relating to selling gold, visit his site.

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