There is a new gold rush, and for a while now we have been hearing about the soaring price of gold. Gold is a hot item these days and dealers are cropping up everywhere offering you deals on selling your gold to them. If you have old gold jewelry that has been just lying around collecting dust, perhaps you have thought of selling it to make some quick cash. But how do you sell gold jewelry in a market with so many risk factors?

The major question that needs to be asked before you sell gold jewelry is are these dealers reputable that you see in your town or local area? They seem to come out of nowhere and post signs letting you know that you can sell your gold to them for a higher price. The old expression caveat emptor comes to mind, let the buyer beware or in this case the seller. You want to make sure that you check these gold buyers reputations and make sure that they are legitimate dealers. With so many dealers in the market to choose from this can be a rather trying task.

You may want to consider going the extra mile and attending a gold auction in your area where you have reputable dealers you can check out and sell gold jewelry to them for the right price. When it comes to selling gold you want to make sure that you get it appraised and have the right paperwork showing the appraised price. Often dealers will negotiate with you and get you as close to your asking price as possible.

You want to go into the market with confidence so make sure that you research the current price that gold is going for so you do not get taken. It is easy to just sell your gold to anyone out there but will you get a fair price for it. Often these quick set up dealers are looking to collect your gold for a cheap price and reselling it to the highest bidder for themselves. Know the current price of gold in troy ounces and if you are offered far less than that, take your gold elsewhere.

Just as in the Gold Rush of the past, the present gold rush has both savory and unsavory characters that are looking to get something for nothing. You must be knowledgeable about the gold items you have. If your gold item is a piece of antique jewelry, then this needs to be taken into consideration before you set your price. Dont go overboard however, you want to maintain a fair price and not set yourself up for disappointment when you find that the selling price is actually lower than you anticipated.