Now, with the increase in gold prices, people can really turn their unwanted gold jewelry into good money.
New York, NY (PRWEB) December 24, 2008
Gold Guys USA, a jewelry, precious metals, and scrap buyer, is proud to announce the launch of its new online site, http://www.GoldGuysUSA.com. Gold Guys USA has been in the precious metals salvage business for nearly 30 years and is now offering its expertise online. For consumers with unwanted gold jewelry, they now can take advantage of skyrocketing gold prices. The gold industry has benefited from the current economic crisis. For people looking to both sell and buy gold, GoldGuysUSA.com is the right place to cash in.
“With the current economy, people are looking for instant money making opportunities,” says Scott Rubin of Gold Guys USA. “Now, with the increase in gold prices, people can really turn their unwanted gold jewelry into good money.”
Instead of approaching the nearest pawnshop, people are invited to visit http://www.GoldGuysUSA.com, provide their postal address and the details of the items they wish to sell and within 24 hours can have cash on the way.
Gold Guys USA does advise however, hanging onto some pieces of old jewelry. Selling old jewelry as scrap may not be worth it, especially if the piece is well made. Gold Guys USA experts say gold sold as scrap loses its retail value by approximately 75% or more. To take advantage of the rising gold prices, they advise selling those special pieces as jewelry rather than scrap. The scrap value, they say, is the value of the metal alone and fails to take into consideration the artistry or antique value.
Some pieces of gold jewelry have little or no resale value at all, say Gold Guys USA advisors. Old class rings, used garden-variety wedding brands or a single gold earring barely have a resale value and would make good items to sell as scrap. Advisors say to get the jewelry appraised to find out its actual worth. Credentialed appraisers are available at both the National Association of Appraisers and the American Society of Appraisers sites. The consultation from the appraiser is chargeable and may range from $50 to $200 per hour.
Gold Guys USA say it is essential to find out if the old jewelry is worth a resale. The prices of gold are based on troy ounces of 24-karat or pure gold. The troy ounce contains 31.1 grams or 20 pennyweights. Daily gold prices are available on websites such as goldprice.org. Gold less than 24K does not count as 100% pure gold. 18Kgold is considered 75% pure, 14K is 58.3% and 10K is 41.7%. All gold jewelry above the 10K limit must have a karat stamp.
GoldGuysUSA.com buys gold, silver, and platinum jewelry, scrap jewelry, broken scrap jewelry, gold watches, diamonds, sterling silver, gold dental, rhodium and coins. To learn more, please visit http://www.GoldGuysUSA.com.
About Gold Guys USA
Gold Guys USA began buying jewelry, precious metals, and scrap in 1979 from America's leading jewelry retailers. The company became one of the largest and best known buyers of precious metals and scrap in the New York City diamond & precious metals district. To this day its main location is still in the heart of the largest diamond and precious metals district in the world, directly in Manhattan on 47th Street. During its 29 years of working in the gold jewelry, precious metals, and diamond industry, Gold Guys USA has purchased, on average, over 4,000 metric tons of fine gold per year. In addition, it has averaged purchasing 1,500 metric tons of platinum per year and over $70,000,000 worth of diamond purchases per year. The company has built its reputation on honesty, integrity, and superior pricing for its customers. Gold Guys USA's goal is to allow its customers to deal directly with the source, free of all brokers and middle men for a safe, seamless, and 100% transparent way to sell their unwanted gold, platinum and silver jewelry for cash.