Someone? (See title)
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The place I trust the most is CNI in Socal. Good guys! Golddealer.com -
Unless a person has a fortress with a gate, security door, and armed guards like CNI I would only do exchanges of metals for cash in the lobby of a police station. If I was going to get into buying gold on the open market from private people I would first start selling some silver or smaller gold pieces and then in the advertisements also mention that you buy gold above spot price. Build some trust with some people they might just mail it to you and you can wire them the money. I've bought stuff off eBay and had wonderful experiences. Recently I bought a bunch of Bart Simpson coins off Ebay and they were exactly as described absolutely perfect. I would probably trust that guy with selling him a little bit of gold bullion.Comment
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There's a place next door to my lab that sells gold and silver, my mom buys gold there to make jewelry.
But, the place has no sign, no windows, all brick, you have to go to the back to a secret doorbell, and they have to know you. Kinda neat.
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Are you selling grandma's old jewelry or actual gold coins and bars? If it's the latter, I believe you'll be better off dealing with a place like Kitco.com than some storefront pawnshop that buys and sells gold. Kitco will charge you 10% whether you buy or sell, but they're trustworthy. With Kitco, they agree to buy your gold at that day's spot price and you have to ship it to them. Once they receive it (and verify it) they wire you your money -10%.
You could try to find a private buyer that will pay spot price with cash, but that could be risky depending on the amount.Comment
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A friend of a friend owns a couple of gold buy-back shops. He loves to drink and one night we were at a pub and he was buying drinks for the entire place. He buys jewlerly for pennies, then re-sells some at retail while the rest is sold to those places that melt it down. He says its the most profitable business he has ever run.Comment
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No I have no idea. It is just something I heard him say once. Google pulls up a long list though… here’s one: https://www.24gold.ca/blogs/melt-gold-jewelry-into-barsComment
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Are you buying RAW gold plates or in the form of jewelry?Comment
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