Selling your gold
With the price of gold above $1,700 an ounce, some cash-strapped Americans are deciding to sell some of their gold jewelry. The Better Business Bureau says consumers should take precautions to make sure they get a fair price. It recommends that no matter where they're selling, consumers take their jewelry to several appraisers before selling to a gold buyer. The BBB also said consumers should ask buyers how much they’ll be paid per ounce and get several quotes. The group cautioned consumers not to let jewelry of different karats be weighed together: Some buyers weigh all gold together and pay only the price for the lowest-quality gold.
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